Category: Business

The Shire at the initial flooding By Duncan Mlanjira As of Saturday, Malawi Police Marine Unit and Electricity Supply Corporation of Malawi (ESCOM) rescued 6 people who were in a boat that capsized in the Shire River at Kasisi in Chikwawa on Thursday evening but 4 are still missing. A statement from ESCOM said out of the rescued victims, one is their staff member, two Marine Police officers and three local community members of Chikwawa. Two other ESCOM staff…

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Finance Minister Sosten Gwengwe * A number of taxpayers complained that VAT is affecting their business and thus the government saw merit in that * Government aims to reduce tax burden on the low and middle-income By Duncan Mlanjira Value added tax (VAT) that was factored to years ago, which was attributed to have contributed to the increase of the commodity, has been scrapped off. This is contained in Finance Minister, Sosten Gwengwe’s Budget that was presented in Parliament…

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Products of SOBO * Employees shall be split between the two companies and any excess staff will not be retrenched—sources * To avoid giving them any retrenchment packages instead they will be held at Castel * And will be fired one by one through staged disciplinary grounds * Castel has been removing contractual benefits without employees consultation, using harsh and obscene language * Staff Union is seeking a court injunction prohibiting final approval of the sale of part By…

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Dunga and Gama presenting the sponsorship to the Commission’s entourage * Science and technology help contribute towards the country’s economic growth * The sector provides numerous leads to the growth of any nation * Investing in this Fund is a step in the direction towards that growth * With necessary financial information, guidance and drive, this Fund will definitely meet all its intended goals By Duncan Mlanjira NICO Asset Managers has pledged to provide free advisory financial services for…

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President Lazarus Chakwera * Staff warned of serious consequences once found including immediate dismissal * This is reprehensible conduct which could put the state residences and the image of the state president in disrepute * The violations include soliciting and/or receiving money from prospective bidders of public procurement * In exchange for a promise to influence the awarding of contracts of public goods, services and works Maravi Express Businessman Abdul Karim Batatawala, who is facing charges of corruption together…

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After shocks of the disaster in the Lower Shire * Provided tents and piped water to the flood victims * Refurbished a maize mill to enable communities to continue processing maize for food * Set up the continuing supply of potable (drinking) water to the estate villages and Nchalo trading centre * Completed the temporary repair of the Nchalo/Bereu road to allow for easy movement between Nchalo and Chikwawa boma * Worked in close cooperation with the Government to…

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