Business – Page 205 – Maravi Express – Your Kind of News. Clear and accurate.

NICO Group sponsors K1.98m for reconstituted Public Universities Staff Sports Association to hold capacity building symposium

April 28, 2022

NICO’s Mwawi Nkhonjera presenting the sponsorship to Khumalo * NICO Group has been very supportive to the grouping as UMSSA dating back as 1999 * When they started participating in Southern Africa Universities Staff Sports Association * We value the relationship we have with these institutions be it through students, the administration or tutors By Duncan Mlanjira The country’s giant financial service provider, NICO Group has sponsored K1.98 million for the reconstituted Public Universities Staff Sports Association (PUSSAM) to…

Illovo Sugar Malawi Plc dismiss rumours of potential sugar shortage

April 28, 2022

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* The company assures its customers, consumers and the general public that both mills have commenced production * It is common practice for cane haulage to be affected during the early part of the season due to wet fields * But mitigating measures are in place to facilitate cane supply to the factory By Duncan Mlanjira Illovo Sugar Malawi Plc assures the general public that rumours circulating through social media insinuating that there is a potential shortage of sugar…

CFTC set to release verdict on probe of granting sole motor vehicle blank number to Movesa

April 27, 2022

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* To announce their determination on Tuesday after consulting the respondents * Which are the Directorate of Road Traffic and Safety Services (DRTSS) and Malawi Bureau of Standards * The complainant also petitioned the Anti-Corruption Bureau to investigate the same case last year By Duncan Mlanjira Competition and Fair Trading Commission (CFTC) has released complaints cases it considered and adjudicated at its 61st meeting on March 28 but it is yet to release findings of a case to do…

CFTA fines and refunds total of K11.89 million for cases it has adjudicated of anti-competitive business practices and unfair trading conduct

April 27, 2022

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Apoche Itimu (right) delivering the verdicts * Cases involve Old Mutual Pensions; Peoples Trading Centre; King Steel Limited; Central Poultry * As well as Chipiku Plus; Suncrest Creameries; Vanguard Life Assurance Company; Platinum Finance Limited * And alleged unconscionable conduct against 15 private schools By Duncan Mlanjira At its 61st meeting on March 28, the Competition and Fair Trading Commission (CFTC) considered and adjudicated over a total of 69 cases, which included 55 cases of unfair trading practices and…

Additional 19.1MW off the national power grid for 5 days to allow maintenance works at Tedzani IV

April 25, 2022

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* Diesel generators will be in use to supplement the available hydropower station * In order to minimize the impact of the outage and inconvenience to the public * We have recommissioned one machine at Tedzani II which was undergoing rehabilitation works since December 2021 * Which brought back 10MW and has therefore reduced the capacity being removed By Duncan Mlanjira Tropical Cyclone Ana, that destroyed Kapichira Hydro Power Station infrastructure of Electricity Generation Company (EGENCO) in January that…

Strong legal team assembled for Chizuma ahead of her defamation case filed by corruption suspect Ashok

April 23, 2022

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The country’s most respected legal mind Mordecai Msisha, SC (left) * Mordecai Msisha SC joins the legal mind alongside Kaukonde Lawyers, Likongwe & Company and Lloyds & Associates * Chizuma is being sued in her personal capacity over the audio which was not leaked by herself * But the person she was having conversation with in regards to corruption investigations * That sorrounds Zunneth Sattar and other prominent business associates By Duncan Mlanjira Senior Counsel Mordecai Msisha of Nyirenda…

President Chakwera awarded honorary Maputo City citizenship

April 23, 2022

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* The symbolic citizenship key represents honor to the respected men of Africa, who have fought for their people * It underscores that the city of Maputo welcomes President Chakwera as its citizen * Therefore, this key symbolises the opening of our country to the President of Malawi — Maputo Mayor Comiche By Loness Gwazanga, MANA Maputo City Mayor, His Worship Eneas Comiche, awarded Malawi President Lazarus Chakwera as an honorary citizen of the Mozambique city as a gesture…

Plan International Malawi adds credence to benefits of Mpamba Mudzi Wathu Village Bank innovation for the unbanked rural masses

April 23, 2022

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Country Director Phoebe Kasoga addressing the gathering * The good news is that we have organizations like TNM who are partnering with us to uplift women * In coming up with services on the grassroots that are assisting women to access services like e-banking and credit By Duncan Mlanjira As TNM Plc continues its launching and marketing of the Mpamba Mudzi Wathu Village Bank, Plan International Malawi has thrown its weight on the benefits of enhancing the e-commerce innovation,…

NBS Bank FAM Charity Shield proceeds go towards gradual home repatriation of Chikwawa flood victims from relief camps

April 22, 2022

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* They were distributed to 986 households that represents 4,930 people * Who are in four relief camps of Nthumba (326); Medrum (250); Nanchinchi (150); and Tomali Admarc (26) * All in the jurisdiction of three traditional chiefs; Kasisi, Mlilima and Lundu respectively * As a good corporate citizen and a caring bank, NBS Bank believe it is its responsibility to support the communities in which it operates By Duncan Mlanjira In partnership with Malawi Red Cross Society, NBS…

Late Chadwick Mphande mentored many professionals into becoming better managers — including VP Saulos Chilima

April 20, 2022

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* I met the late Mphande at Southern Bottlers Malawi and we worked together there for about five or six years * In all that time he grilled me and my colleagues into becoming better managers—Chilima By Duncan Mlanjira Amongst the executive professionals that late Chadwick Lawrence Mphande mentored in his career do attest that the former Southern Bottlers (SOBO) and Carlsberg Malawi Brewery chief executive officer was a corporate executive par excellence. He died on April 13 at…