Business – Page 228 – Maravi Express – Your Kind of News. Clear and accurate.

Illovo Sugar Malawi records historic net profit of K6bln in first half-year ended February

June 29, 2021

Illovo Sugar Malawi Managing Director, Lekani Katandula during the forum By Duncan Mlanjira Illovo Sugar Malawi Plc has made a net historic profit of K6.1 billion in just the first half of the year which ended on February 28, 2021 — representing a 200% increase compared to K2.1 billion which was made for the same period last financial year. Making the announcement last Friday at a Stakeholders’ Forum held at Sunbird Mount Soche Hotel in Blantyre, Illovo Sugar Malawi Managing…

Refurbished NICO House launched back to life in theme ‘Renewing Our Cities’

June 26, 2021

| No Comments

| Business, National, News

*As 50-year-old Kapeni House along Chilembwe Road also wears new face By Duncan Mlanjira NICO House, situated at the corner of Stewart Street and Haile Sellasie Avenue in Blantyre’s central business district (CBD) — whose top floor was gutted by fire on October 5, 2018 — has been thoroughly rehabilitated and was launched in a colourful ceremony on Thursday. NICO Group, which is commemorating its 50th anniversary, also launched its Kapeni House, situated at the corner of Chilembwe Road…

Motorists advised to be vigilant at filling stations; Some motorists think fuel attendants are duping them

June 25, 2021

| No Comments

| Business, National, News

* Digital fuel gauges have a way of behaviour which may not be consistent By Duncan Mlanjira A concerned filling station owner, Happy Jere is advising motorists to be vigilant when their are filling up their tanks following an incident that happened at Mount Meru close to the Bingu Stadium in Lilongwe. It was reported that a lady filled up K4,000 worth of fuel and expected her gauge to be at quartertank mark and felt duped by the attendant…

MRA seals The Palace Bar over tax non-compliance

June 24, 2021

| No Comments

| Business, News

Electronic fiscal device (EFD) receipt By Elizabeth Mandala, MANA Malawi Revenue Authority (MRA) on Tuesday sealed The Palace Bar operating within Malawi Aid Society of Malawi (MASM) complex along Victoria Avenue in Blantyre for failure to settle a tax evasion penalty. This follows a tip that was reported by a customer through the ‘Kuiphula Ndi Lisiti Langa’ promotion encourages the public to demand an electronic fiscal device (EFD) receipt after paying for goods in shops. MRA’s Head of Corporate…

ACB investigating Ministry of Energy on MAREP 9

June 24, 2021

| No Comments

| Business, National, News

By Tione Andsen, MANA THE Anti-Corruption Bureau (ACB) is investigating Ministry of Energy and has since restricted it from dealing with a contract to supply materials under Malawi Rural Electrification Project (MAREP) Phase 9. A press statement issued on Wednesday in Lilongwe, says the restriction notice is on a contract to supply MAREP Phase 9 materials under contract number 047/MoE-MAREP-PH9-G-NCB-2020/2021FY-08 in pursuant to its powers under section 23(1) of the Corrupt Practices Act, on June 23, 2021. The ACB…

Bwanji Digital Creative Agency to host webinar on Female Economy on July 1

June 24, 2021

| No Comments

| Business, News

Maravi Express Bwanji Digital Creative Agency — which is part of the southern African regional communications group, Full Circle Comms — has organised a dynamic webinar titled ‘The Female Economy’ to unpack the rise in women’s financial influence. There will be five panelists at the event on Zoom, which will be facilitated by Malawian media personality Diana Liabuba on July 1 from 14:00hrs. “From outright acts of feminism to simply taking their well-deserved seat at the boardroom table, women…

Government on track in reforms implementation—Vice-President Chilima

June 22, 2021

| No Comments

| Business, National, News

Vice-President Chilima in Parliament By Lily Kampani, MANA Vice-President Saulos Chilima told Parliament on Tuesday that the public sector reforms are being implemented with renewed vigour by all the stakeholders involved in the process. Chilima, who is also Minister responsible for Economic Planning and Development, and Public Sector Reforms, availed in Parliament to respond to questions regarding state of the reforms. “The first quarter review meetings we recently had have revealed that there is commendable progress of the reforms…

NICO Life pays over K1.6 billion in CoVID-19 related death claims

June 22, 2021

| No Comments

| Business, News

NICO Life CEO Eric Chapola Maravi Express NICO Life has successfully paid out over K1.6 billion in CoVID-19 related death claims in 2021. In an interview, NICO Life Chief Executive Officer, Eric Chapola said the company understands the burden that comes along with the loss of an employee or a loved one and strives to provide the necessary support to the beneficiaries of the deceased. “The CoVID-19 pandemic came with a spike in deaths in Malawi and around the world,” Chapola…

FDH Bank’s ambassador Namadingo completes construction of school block at Ngabu

June 22, 2021

| No Comments

| Business, Education, News

Dr. Namadingo flanked by Senior Chief Ngabu (left) and one of his donors Mansoor Karim * FDH Bank takes opportunity to open an agency Banki Pakhomo at Ngabu * As belated celebration of the International Day of the African Child By Duncan Mlanjira The country’s much loved performing artist, Dr. Patience Namadingo used his influence and privilege as FDH Bank’s ambassador to complete construction of a school block at Ngabu in Chikwawa, which was officially handed over on Saturday….

Tour company Paulendo Adventures organising Mulanje Sapitwa Hike adventure August 13-15

June 18, 2021

| No Comments

| Business, Entertainment, News

By Duncan Mlanjira With the ever-present digital fatigue overwhelming our lives — from constantly scrolling Instagram, Facebook; waking up to sad news; to being available at a ping of an email — it’s so important to get out and get hiking to get away from it all at times. That can be done by connecting with nature — it’s mind calming and a good way to recharge, says local tour company, Paulendo Adventures on its flier enticing people to…