Business – Page 238 – Maravi Express – Your Kind of News. Clear and accurate.

Cannabis Regulatory Authority issues licences to 35 organizations

April 10, 2021

Industrial hemp * 41 applications were received, only six have not made it * They are expected to address a few issues and then re-submit By Tione Andsen, MANA Farmer organizations, cooperatives and corporate partnerships have adequately met the requirements which earned them licences to venture into industrial hemp (cannabis) business. On Friday, Cannabis Regulatory Authority (CRA) issued licences to 35 organizations following an exhaustive evaluation process as provided for in the Cannabis Regulation Act 2020. At a press…

Malawi Post Corporation plans to revisit postal banking service for the unbanked rural communities

April 10, 2021

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Such post offices can be viably turned into profit making * MPC and NBS Bank are already in partnership through post offices * MPC has 180 post offices across the country of which 60 are economically viable * While 120 are just running as social services, making as little as K5,000 a month * But we still have to pay salaries for the staff in these post offices By Duncan Mlanjira Malawi Postal Corporation (MPC), then trading as Malawi…

Malawi Post Corporation to introduce city busliners

April 10, 2021

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MPC currently operates intercity coach service * In its enormous turnaround strategy * We must give Malawians the best city bus services just like in other African countries * Honours faithful customers through coach ticket luck draws * Livingstonia University student goes away with K300,000 By Duncan Mlanjira As part of turning Malawi Posts Corporation (MPC) from loss to profit making business-oriented parastatal in line with the reforms it has developed, MPC plans to invest into luxurious passenger bus…

AGRA engages with Malawi President Chakwera in achieving an inclusive agricultural transformation

April 7, 2021

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| Agriculture, Business, National, News

Chakwera poses with AGRA Malawi president * Applauds success of farm Affordable Inputs Programme which Chakwera launched in 2020 * It has already reached 3.7 million smallholder farmers who could hardly access fertilizer and improved seed * Agriculture accounts for 42% of Malawi’s GDP and the AIP was rolled out to help drive the country’s economy * Malawi is on the right path towards achieving an inclusive agriculture transformation By Duncan Mlanjira The Board chairperson for the Alliance for…

Malawi airport firefighters on go slow as aviation authorities keep ignoring promotions petition

April 7, 2021

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* Third deadline of 7 days notice to address grievances highlighted expired on April 1 * The first deadline of 21 days notice expired on March 11; the second of 14 days on March 25 By Duncan Mlanjira After the expiry of their third extension of the deadline to have their grievances resolved, which expired on April 1, Malawi’s junior-ranked airport firefighters have gone on a go-slow mode that has forced senior officers to take over operations from 6am…

Fans can opt for Kukoma cooking oil for the benefit of Flames; Nyamilandu entices CORI

April 7, 2021

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Nyamilandu and deputy captain Stanley Sanudi receive the dummy cheque from Kapolo * Challenges CORI to set target number of Kukoma sales to be met by fans towards Flames’ AFCON support * Malawians are excited with AFCON qualification and will support this initiative * K5 million pledge fulfillment is a starting point of a possible lasting relationship with CORI * Nyamilandu justifies the proposed K1 billion budget that it covers for AFCON and World Cup qualifiers By Duncan Mlanjira…

NICO Pension donates K4m towards purchase of laptops for Polytechnic’s needy students

April 2, 2021

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Chima (left) presents the donation to Polytechnic’s acting principal, Chitera * Follows similar assistance for Malawi University of Science and Technologies in March * Technology is being used as an alternate system of teaching and assignments * This is due COVID-19 pandemic as some lessons as conducted through online By Duncan Mlanjira NICO Pension has donated K4 million to the University of Malawi’s constituent college, The Polytechnic to purchase laptops for needy students at the institution. This follows a similar…

Interest Rate Capping Bill back in Parliament; this time moved by DPP MP Namalomba

March 26, 2021

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MP Shadric Namalomba * Was first moved by MCP’s Dowa West Alexander Kusamba Dzonzi in 2018 * Namalomba pledges to tackle some of the weaknesses of the previous Bill * And to give direction to what this particular Bill will focus on * The Bill has since been referred to Parliamentary Business Committee By Duncan Mlanjira The Interest Rate Capping Bill which courted controversy when it was moved by then then opposition Malawi Congress Party (MCP) legislator for Dowa West,…

Ombudsman exposes recruitment irregularities at Central Medical Stores Trust

March 26, 2021

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Ombudsman hopes will bring sanity and orderliness in the way parastatals handle their recruitment matters * Former President Peter Mutharika, Office of the President and Cabinet at the centre of it all * The employment contract of Rex Kuyeli never legally existed * I, therefore, nullify the purported three-year contract that was granted to him on 10th October, 2019 * If he has any claim it should be channeled to the former President who illegally appointed him By Duncan…

NICO Pensions relaunches Ufulu Fund that caters for self-employed and employer sponsored members

March 24, 2021

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* Also provides an alternative for trustees of a restricted pension fund to encourage former employees to transfer out of the fund * It gives members peace of mind knowing that the pension benefits are being competently preserved and grown By Duncan Mlanjira For those who left employment but would like to preserve their benefits away from their employer’s restricted pension fund, NICO Pensions is the service provider they can engage with through the Ufulu Unrestricted Fund. The Fund…