Business – Page 220 – Maravi Express – Your Kind of News. Clear and accurate.

FDH Bank launches ‘Go Konko’ promotion whose two grand prize winners to be sent to Cameroun AFCON

October 13, 2021

* Customers to maintain a balance of K50,000 in their FDH Bank savings accounts for one month * New clients to theirs at nearest FDH Bank Plc branch or Banki Pakhomo agent and keeping it for one month * Clients are also encouraged to be transacting on FDH Mobile Banking facilities for at least five times a month * As one way of observing CoVID-19 preventive measures on bill payments or buying airtime top up By Duncan Mlanjira Flames…

Fuel price increase was inevitable—Kazako

October 13, 2021

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By Moses Nyirenda, MANA Minister of Information, Gospel Kazako says government is concerned with the increase of fuel prices in the country but it was inevitable since this is the current global trend and the challenge had to be addressed that way. Kazako said this on Tuesday in Lilongwe at a media briefing which his Ministry jointly organized with Malawi Energy Regulatory Authority (MERA), saying government could not manage to control the fuel prices. “The fuel price hike is…

Old Mutual sponsors K3m towards Insurance Institute of Malawi’s annual conference set for Oct. 28-30

October 12, 2021

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Malaicha (right) receives the sponsorship from Dzowole * The Indaba also set to strategise on how to make the business survive post CoVID-19 * All other financial service provider institutes also brainstorming on growth of business in the midst of CoVID-19 * Such institutes include those for accountants, auditors, marketers, procurement By Steven Godfrey Mkweteza, Contributor One of the country’s leading insurance administration companies, Old Mutual Malawi Plc, has sponsored K3 million as support for the successful hosting of…

Limbe-Balaka passenger train service suspended due to rampant vandalism of rail equipment

October 10, 2021

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Theft of rail pandrol clips is on the rise By Duncan Mlanjira Following the derailment of a goods train last week (October 1) at Matindi in Blantyre — close to National Oil Company of Malawi (NOCMA) fuel tanks — Nacala Logistics has suspended its passenger train service for the next two weeks due to rampant vandalism on this Limbe-Balaka route. In a statement issued on Saturday, October 9, Nacala Logistics said theft of rail pandrol clips and other rail…

FDH Bank sponsors K1m towards Institute of Marketing in Malawi’s annual conference

October 10, 2021

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Chimchere (left) presents the sponsorship to Nkomba By Duncan Mlanjira Institute of Marketing in Malawi is all set for its annual conference on October 28 at Sunbird Livingstonia Hotel in Salima and FDH Bank has sponsored K1 million to help towards its success. At the presentation ceremony at FDH Holdings Plc head office in Blantyre, Senior Marketing Manager, Ronald Chimchere they have been partners with the Institute for a long time as its benefits are many. “As a business,…

Malawi Government no longer in control of its rail transportation system; Belongs to Brazilian and Mozambican entities

October 2, 2021

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The corporate colours of Malawi Railways * Mozambican company CEAR bought 20-year concession of the government corporation in December 1999 * CEAR, Vale, Nacala Logistics, Mota-Engil now part of extended concession period from 2013 to 2046 * Ministry of Transport evasive to come out clear and confirm if indeed true CEAR was sold to Nacala Logistics owned by Vale * You may wish to engage the respective companies to get clarity on their relationship—Ministry PRO Liwewe By Duncan Mlanjira…

ILO partners with Malawi Teachers Union to eliminate child labour through school improvements

October 2, 2021

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* Funded by the Ministry of Foreign Affairs of The Netherlands at more than MK150 million (US$185,000) * The project aims at accelerating the elimination of child labour in global supply chains in Africa * CoVID-19 has contributed to rising rates of school dropouts, including because of the socio-economic impacts of the pandemic By Duncan Mlanjira The International Labour Organization (ILO) has entered into a partnership with Teachers Union of Malawi (TUM) to accelerate the fight against child labour…

Financiers World Bank, ADB satisfied with progress of Shire Valley Transformation Programme; At 55% against planned 65%

October 1, 2021

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The 12-gate water flow control intake at Kapichira Falls Dam under construction * The first phase that include 12-gate intake from the Kapichira Falls Dam * The massive project construction is set to be the biggest irrigation canal in Southern Africa *It is a brainchild of Sir Geoffrey Colby, former Governor of colonial protectorate of Nyasaland between 1948 and 1956 * “We are, therefore, pleased that the Malawi government has over the years been considering to revive it” *…

Government still talks of pledge to recruit more forestry rangers than recruitment itself

September 30, 2021

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Women game rangers but few that are available * Government is still planning to recruit 300 game rangers as said by Director of Forestly this week * Last May Minister Nancy Tembo had said the 300 targeted rangers were just a start * As every year more will be employed to seriously conserve and protect the environment By Steven Godfrey Mkweteza, Contributor & Duncan Mlanjira, Maravi Express Five months since Minister of Forestry and Natural Resources, Nancy Tembo that…

MERA warns filling stations from hoarding fuel; assures public of sufficient fuel stocks

September 30, 2021

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* Retail stations are suspected to be hoarding fuel in anticipation of price increase * MERA reiterates that such malpractice is prohibited and punishable by law * Report any suspected fuel hoarding by calling 0992558564/0999896310 or email mera@mera.mw By Duncan Mlanjira Following the strike by truck drivers that include those that ferry fuel, Malawi Energy Regulatory Authority (MERA) has assured the public not to panic as there are sufficient stocks of fuel in the country in a total of…