Business – Page 217 – Maravi Express – Your Kind of News. Clear and accurate.

3 win K250,000 vouchers for a 60 seconds shopping rush as Iponyereninso Kwakuya ndi Illovo promo gathers momentum

January 12, 2022

Illovo MD Katandula witnesses the draw By Duncan Mlanjira Iponyereninso Kwakuya ndi Illovo promotion has gathered momentum as three — one each from the three regions of the country — have won Nissan NP200 vehicles during the second bi-monthly draw held on Tuesday at Sunbird Mount Soche Hotel in Blantyre. There were also one each from the three regions who won refrigerators and cookers in the shoppers and consumers, in which three other lucky winners each getting a K250,000…

CAMA implores on Government to invest in electricity generation rather than offering free electricity connections

January 10, 2022

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CAMA Executive Officer John Kapito By Duncan Mlanjira Consumer Association of Malawi (CAMA) has appealed on the Government not to invest in free electricity connections but rather on power generation, whose current levels of generation are “pathetic and too low”. In a statement, CAMA Executive Director, John Kapito said power generation requires huge investment in order to have the capacity to connect everyone “and for that matter free”. “Why can’t the Government invest in electricity generation if it has…

Attorney General offered amnesty for people under corruption investigations without consulting ACB

January 10, 2022

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AG Chakaka-Nyirenda By Duncan Mlanjira The Anti-Corruption Bureau (ACB) says it is reviewing the announcement made by the Attorney General, Thabo Chakaka-Nyirenda that government is granting a 60-day amnesty to all those who might have corruptly accumulated wealth through dealings with, amongst others, Zuneth Sattar. Meanwhile, as per its legal mandate, the ACB says it is still proceeding with the investigations against Sattar in cooperation with the National Crime Agency, UK. The press release from ACB indicates that Chakaka-Nyirenda’s…

Government terminates contracts for Sattar’s business entities and debars them from public procurement

January 10, 2022

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Zuneth Sattar By Duncan Mlanjira Following revelations of Zuneth Sattar’s procurement-related offences that occurred in Malawi for a period of over 11 years, Malawi Government has terminated all Sattar’s business entities’ contracts and debarred the British national from any public procurement. A statement from Attorney General, Thabo Chakaka-Nyirenda, says the decision comes about following revelations circulating in the print and electronic media (including social media) in relation to the investigation of Sattar in alleged corrupt practices in the procurement…

FDH Holdings Plc committed to staff development and welfare through employee of the year awards

January 6, 2022

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Mpinganjira and the Employee of the Year Award winner Batwell Kawerenga (left) By Duncan Mlanjira Through Machawi Employee of the Year Awards, FDH Holdings Plc says it remains committed to staff development and welfare in order to facilitate their staff’s growth as well as of their customers whom the Group strives to serve better every day. During presentation of the third Machawi Employee of the Year Award to Batwell Kawerenga — Agency Officer at Jenda FDH Bank Service Centre…

Mkulichi appointed as new FDH Bank Managing Director

January 5, 2022

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Noel Mkulichi Maravi Express Noel Mkulichi, who served as chairperson of FDH Financial Holdings Limited for the past three years, has been appointed as new FDH Bank’s managing director. A statement from FDH Financial Holdings says before joining the FDH Group as a director, Mkulichi served in various capacities with Reserve Bank of Malawi (RBM) including as a director responsible for dank Supervision. As RBM’s director responsible for bank supervision, Mkulichi was responsible for, among others, formulating and implementing…

National Anti-Corruption Alliance calls on Chakwera to fire Minister Msukwa to pave way for investigations

December 31, 2021

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President Chakwera By Duncan Mlanjira National Anti-Corruption Alliance welcomes the arrest of Minister of Lands & Urban Development, Kezzie Msukwa and Ashok Kumar Sreedharan in relation to corruption investigation the Bureau is undertaking involving Zineth Abdul Rashid Sattar. The Alliance — comprising Church and Society of the CCAP Synod of Livingstonia; Centre for Human Rights and Rehabilitation; Youth and Society and Malawi Law Society — thus calls on President Lazarus Chakwera to “immediately fire the Minister to pave way…

Lilongwe-based Borcar Investment agri-shop selling user-friendly maize planter machine

December 22, 2021

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* The innovative equipment as well other products in stock can be delivered to any city in Malawi through courier at company’s cost * There is an incentive of a gift of a solar panel and its accompanying gadget that supplies electricity * The shop is based on premises number 148 in Area 49 in Guoji Dream Town in the Capital By Duncan Mlanjira As farmers prepare to plant crops for the rain season, an agricultural shop in Lilongwe,…

President Chakwera implores on Malawians to fully embrace CoVID-19 Socio-Economic Recovery Plan

December 22, 2021

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* The pandemic’s assault against people’s livelihoods, incomes, businesses is continuing and entering its fourth wave * The recovery plan’s success depends on citizenry, saying if they do not embrace it, the economy will not recover * The government, CSOs, demonstrators — all want nothing more than to see the economy recover By Duncan Mlanjira In his national address on Tuesday, President Lazarus Chakwera unveiled a CoVID-19 Socio-Economic Recovery Plan (SERP) for the period between 2021 and 2023 and…

How Sattar used state agencies to fight partner turned rival

December 20, 2021

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By Gregory Gondwe, Platform for Investigative Journalism (PIJ) Zuneth Abdul Rashid Sattar was calling himself the Malawian don, and so did his associates. At the crack of his fingers, Malawi Government officials would jump. Most Government officials were at his beck and call and always willing to do his bidding. The Malawi media, or most of it, was in his pocket too, and therefore nothing of his dealings could come to light. But his arrest in October following investigation…