Business – Page 22 – Maravi Express – Your Kind of News. Clear and accurate.

NEEF warns loan defaulters of legal action and confiscation of pledged collateral made on their loans

February 4, 2026

* NEEF and MEDF loans are not grants — all loans disbursed are repayable facilities and must be honoured in full and in strict compliance with the loan agreements * Clients with outstanding loans that are not in arrears must continue servicing their loans diligently in order to avoid falling into arrears and being subjected to recovery measures Maravi Express Management of National Economic Empowerment Fund (NEEF) has granted a 60-period from Friday, February 6 for all clients to…

Improving policy implementation and working closely with the private sector will be central to achieving Itaye’s Ministry

February 3, 2026

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* This Ministry brings together industrialisation, business, trade and tourism, which are critical pillars for building a strong and resilient economy * As he takes oath of office with a call from President Mutharika for him to take immediate action to drive economic recovery and long term transformation By Rosalia Kapiri, MANA President Arthur Peter Mutharika has sworn in Simon Itaye as Minister of Industrialisation, Business, Trade & Tourism, tasking him to take immediate action to drive economic recovery…

Airtel Malawi enhances customer experience with upgraded shop at Kamuzu International Airport

February 3, 2026

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* A total 42 shops earmarked for upgrades across Malawi with modern ambience, wood accents, bold red panels and backlit signature Airtel logo * As we invest in strengthening our network capacity and expanding coverage, it is equally important that the physical spaces where we meet and serve our customers reflect the same level of progress By Duncan Mlanjira Airtel Malawi Plc has officially opened a refurbished customer service shop at Kamuzu International Airport (KIA), marking the first completed…

Airtel Africa Plc posts strong 3rd quarter financial performance

February 2, 2026

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* Total customer base grew 10% to 179.4 million, with data customers up 14.6% to 81.8 million and smartphone penetration rising to 48.1% * Airtel Money customers reached 52 million, surpassing the 50 million milestone, while annualised processed value exceeded US$210 billion * Group revenue rose 28.3% to US$4.67 billion (24.6% constant currency), EBITDA increased 35.9% to US$2.28 billion and profit after tax more than doubled to US$586 million By Duncan Mlanjira Airtel Africa Plc has published its results…

Vehicle registration number does not expire but the plates due to wear and tear from substandard material

February 2, 2026

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* Where the seven-year period has elapsed but the number plate remains clear, legible, visible and compliant with the law, the plate may continue to be used on the vehicle * The inclusion of an expiry date is intended to safeguard motorists against the purchase of substandard number plates and not to impose arbitrary replacement requirements By Duncan Mlanjira The enforcement of the expiry date on vehicle number plates is based on the condition and quality of the reflective…

RBM outlines conditions on application for newly-introduced diaspora foreign currency denominated accounts

February 1, 2026

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* Diaspora FCDAs are foreign currency accounts held in Malawi by Malawian citizens residing outside Malawi * These accounts must not be funded with money that does not originate from Malawi and is not derived from export earnings By Duncan Mlanjira The Reserve Bank of Malawi (RBM) has issued a conditions to be followed when applying for diaspora foreign currency denominated accounts (FCDAs). In a public communique issued on Friday by Deputy Governor-Economics & Regulator, Henry Mathanga, the RBM…

Mudi SACCO completes its 35th Anniversary commemoration by posting landmark surplus of K1 billion in 2025

January 31, 2026

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* Growth of 83% that was posted in 2024 of K580 million with share value at 176% from 140.80% in 2024 and loan portfolio at over K4.4 billion from over K3.2 billion in 2024 * Despite the country’s economic challenges, Mudi managed to rectruit 5,936 new members in 2025 representing 54% of total target down from 2024’s 65% target * First to hold members’ annual general meeting for the 3rd successive year — beating by far the deadline of…

CDH Investment Bank extends its transformation MoU with LUANAR from 2023/2025 to 2026/2028

January 31, 2026

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* To support LUANAR’s 3 key strategic initiatives of eco-forestry & tourism development; solar energy infrastructure project and innovation challenge supporting scholarships, intellectual property filing and endowment fund * Invests US$120,000 in the next three years with approximately US$40,000 to be disbursed each year towards under the three strategic initiatives * We are delighted the last MoU we signed provided growth for all parties involved and we trust that our continued partnership with LUANAR will result in greater developments By…

Gangata again moved from one portfolio to another as he is switched with Wiskes as Minister of Natural Resources

January 30, 2026

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* As President Mutharika appoints retired corporate executive Simon Itaye as Minister of Industrialisation, Business, Trade & Tourism — replacing George Partridge * Partridge was moved to become the Governor of the Reserve Bank of Malawi (RBM) on January 23 By Duncan Mlanjira Alfred Gangata, who was first appointed as Minister of State soon after President Arthur Peter Mutharika was sworn in as President last October, before being moved to become Minister of Natural Resources at the beginning of…

MRA to embark on nationwide property owners identification exercise from February

January 29, 2026

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* All property owners encouraged to register with MRA through the Msonkho Online Portal to obtain a tax identification number (TIN) as well as declare rental income in their annual tax return * Some property owners are not yet registered for tax purposes and thus warns that failure to declare income is an offence under revenue laws By Duncan Mlanjira The Malawi Revenue Authority (MRA) is reminding residential and commercial property owners that rental income from their premises is…