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Category: Business

NEEF disburses K16.9 billion loans; K8.8 billion to 3,576 in women groups
September 16, 2021
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By John Saukira National Empowerment Economic Fund (NEEF) has disbursed K16.9 billion to various groups with K8.8 billion going to  women from 3,576 groups and K3.9 billion to 1,474 youth groups. Speaking during a sensitization workshop on access to finance and NEEF products in Lilongwe, NEEF Board chairperson Jephter Mtema disclosed that they also disbursed loans amounting to K879 million to 438 payroll individuals. He said currently there is a good progress in as far as loan disbursement is concerned. Mtema said the workshop…

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MultiChoice Malawi celebrates 25th anniversary of enriching  Malawian lives; Launches ‘Sankha Wekha’ campaign
September 16, 2021
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* The first-ever pay TV business in Malawi which was received with overwhelming positivity and excitement * The journey began as a joint venture between Malawian owned, Raise Limited and MultiChoice Africa Holdings * It has a national footprint comprising retailers, over 200 agents throughout the country and 58 accredited installers * In GOtv was launched, which provided unmatched quality content and value for money Maravi Express As part of celebrating half a century of enriching  Malawian lives through…

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More support from corporates towards ICAM Lake Conference as FDH Financial Holdings and LifeCo pump in a total of K7m
September 16, 2021
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FDH’s Richard Chipezeani hands over the sponsorship to ICAM’s Chrissie Jere * Theme ‘Navigating the Tough Economic Terrain: Moving Forward Regardless of Challenges’ * The country’s Vice-President Saulos Chilima to be guest of honour at the Mother of all Conferences By Duncan Mlanjira FDH Financial Holdings and LifeCo Holdings Limited joined the support towards the successful hosting of Institute of Chartered Accounts of Malawi (ICAM) annual Lake Conference at Sun ‘n’ Sun Holiday Resort in Mangochi by injecting a…

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MERA set to announce fuel price increase
September 14, 2021
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* The landed costs of petrol has increased by 20.44%, diesel by 12.03% and paraffin by 12.23% * Landed costs of petroleum prices are determined by the international market and the exchange rate * As at September 7, 2021 the Price Stabilization Fund averaged K1.5 billion against the recommended minimum of K5 billion By Duncan Mlanjira Malawi Energy Regulatory Authority (MERA) has announced that it is reviewing current trends of the international market and other economic factors to determine…

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FDH Financial Holdings donates K10m for Bible Society of Malawi to complete construction of office complex in Lilongwe
September 14, 2021
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By Chipambano Mbewe As part of its corporate social responsibility, FDH Financial Holdings Limited Plc has donated K10 million to Bible Society of Malawi to help it finalize construction works of its magnificent office complex, the Jireh Bible House in Area 3, Lilongwe. The Bible Society’s Board chairperson, Gary Jumbe — while applauding FDH for the support — said the donation will play a huge role in assisting  a number of areas at the Jireh Bible House once everything…

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NICO Pensions launches online member self-service pensions platforms
September 14, 2021
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NICO Pensions General Manager Gerald Chima * Accessible by dialing *323# and on https://www.npsonline.mw * We understand the value of information in a digitally advancing world * The two platforms we will ensure clients can seamlessly manage their pensions and claims By Duncan Mlanjira As part of NICO Group’s ongoing endeavour to digitize its services and processes, NICO Pensions has launched state-of-the-art Online Pensions Member Self-Service and USSD platforms. Announcing the development, which is the first on the market,…

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NICO Group, Sparc Systems donate towards successful hosting of Malawi ICT Expo on September 27-29
September 14, 2021
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ICTAM vice-president, Andrew Kasasi (right) receives the donation from NICO Technologies CEO, Clarence Gama * President Chakwera expected to be guest of honour * This is an opportunity to ICT industry players to showcase their services and solutions * Under the theme ‘Mobilising Business with Digital Technologies beyond the CoVID-19 Crisis’. By Duncan Mlanjira NICO Group and Sparc Systems on Monday donated a total of K9 million to Information & Technology Communication Association of Malawi (ICTAM) towards the successful…

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MPC workers industrial strike unreasonable and unjustifiable—management
September 9, 2021
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A few of the striking staff captured in Lilongwe * Their demand of no pay for two months not true as it’s only top management yet to be paid * MPC is dealing with a structural issue, where 85% of its revenue pays staff costs * The struggling parastatal needs to downsize its staff if government is to recapitalize it * It is inviting applications from those interested to proceed on voluntary retrenchment By Duncan Mlanjira One of the…

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Two Malawians selected for third cohort of MultiChoice Talent Factory class for 2022
September 9, 2021
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Maravi Express Two Malawians, Asante Mbaimbai and Chisomo Kawaga are amongst the 60 new students that form the third cohort of the fully-funded MultiChoice Talent Factory 12-month academic programme starting in October. Four other Mphatso Makamo, Chisomo Livason, Chimwemwe Mkwezalamba and Jonathan Kapumba graduated as young filmmakers after their successful completion of their filmmaking training through MultiChoice Talent Factory (MTF). The 60 candidates were selected after a 6-week rigorous interview and adjudication process by film and television experts, as…

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NICO Group injects K10m support towards the premiere of Malawian movie ‘Highbrow’ on September 24-25
September 8, 2021
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NICO’s Lorraine Phiri (left) hands over the sponsorship to the movie producers By Duncan Mlanjira Malawian new movie, ‘Highbrow’ — that tells real life stories sorrounding the infamous financial scandal Cashgate — is set to be premiered on September 25 in Lilongwe and in Blantyre the next day, courtesy of K10 million logistical support from NICO Group. The premieres will be held at Bingu International Convention Centre in Lilongwe and at ICON Theatre, belonging to NICO Group which is situated at…

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