Business – Page 249 – Maravi Express – Your Kind of News. Clear and accurate.

Chakwera seriously warns AIP Suppliers

October 18, 2020

By Glory Msowoya, MANA President Dr. Lazarus Chakwera has warned unscrupulous suppliers that might want to be involved in corruption in this year’s Affordable Inputs Programme (AIP). Speaking during the launch of the AIP at Pirimiti Boys Primary School in the area of Traditional Authority (TA) Mwambo in Zomba, the President urged all suppliers to follow all terms and conditions of their contracts. “Corruption is unethical. This malpractice will not be tolerated in this programme and my government will…

Malawi has been famine-infested because few farming households had no access to affordable farming inputs—President Chakwera

October 17, 2020

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| Agriculture, Business, National, News

By Solister Mogha, MANA President Lazarus Chakwera said the country has been a poor and famine-infested nation because very few farming households had a chance to access cheap and affordable farming inputs. He said this at the official launch of the much-touted K160.2 billion farming Affordable Inputs Programme (AIP), which he described as an injection that would drive the country’s economy. Speaking at Pirimiti Boys Primary School in the area of Traditional Authority (TA) Mwambo in Zomba on Saturday,…

Whistleblowers vindicated on suspected fraudulent business face of Techno Brain as World Bank bans the Kenyan firm

October 17, 2020

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| Business, National, News

By Duncan Mlanjira Despite continuous exposure by the media through prominent members of the public on the suspicious business countenance of Kenyan firm, Techno Brain, — over the past two years — the previous government administration still insisted on doing business with the foreign company. Today, the whistleblowers have been vindicated as the World Bank Group has banned this IT-services company and its parent company, United Arab Emirates-based Techno Brain Global FZ-LLC for 28 months in connection with collusive…

NOCMA should get lions share in fuel importation—Parliamentary Committee

October 17, 2020

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By Gladys Kamakanda, MANA Parliamentary Committee on Natural Resources and Climate change has recommended that the National Oil Company of Malawi (NOCMA) should be getting the lions share in fuel importation as it is a Malawian company. The Parliamentary Committee’s chairperson, Welani Chilenga made the remarks Friday in Lilongwe when the committee toured the Lilongwe Strategic Fuel Reserves in readiness for NOCMA’s plans to start bringing fuel by rail from Nacala port. He said NOCMA was doing a tremendous…

Women job seekers turning Labour Office premises into commercial sex spots

October 16, 2020

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By Leah Msuku, MANA Lilongwe District Council has ordered female job seekers that converge at the Labour Office to vacate the premises, alleging that they have turned the place into commercial sex agreement spots. Lilongwe District Commissioner, Lawford Palani said the women’s conduct of turning the place into a sex pick-up point is tarnishing the image of the Council. Addressing management team, Palani said what is happening is totally unacceptable and called upon the relevant authorities to take action…

HRDC petitions Finance Ministry to explain status of K6bln owed to defunct MSB bank

October 16, 2020

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| Business, National, News, Politics

By Duncan Mlanjira Continuing with its corruption and fraud whistleblowing campaign, Human Rights Defenders Coalition (HRDC) has written the Minister of Finance Felix Mlusu to present a report to the nation on the status of toxic loans that “some politically connected individuals and companies owes the now defunct Malawi Savings Bank (MSB) that totals to a whopping MK6 billion. The HRDC petition, issued on September 12, informs the Minister that Government sold MSB to FDH Bank and at the…

ESCOM Staff Union petitions Ministry of Labour on alleged illegal setting up of independent power market company

October 15, 2020

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By Duncan Mlanjira Electricity Supply Corporation of Malawi (ESCOM) Staff Union (ESU) has sent a petition to the Ministry of Labour reporting that they are in dispute with its executive management over further unbundling of the power utility by setting up of Power Market Limited (PML). Setting up of PML — in line with public reforms — ESCOM’s Single Buyer Function (SBF) has been curved out to form an independent function under the new company, PML. According to the…

Faizal Aboo challenges Suleiman to provide evidence that 80% of Limbe is owned by two individuals

October 13, 2020

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By Duncan Mlanjira Faizal Aboo, owner of Pacific Group of Companies, has challenged MP for Blantyre South East Constituency, Sameer Suleiman to provide evidence of the assertion he made last Thursday, October 8 that that 80% of Limbe is currently owned by two individuals of Asian origin. Suleiman made serious allegations on land ownership that is being grabbed by Malawians of Asian origin but fail short of revealing their names. However, in a public statement and taking cognizance that…

HRDC adds credence to concerns raised by EIB on LWB’s CEO Godfrey Itaye

October 12, 2020

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By Duncan Mlanjira Human Rights Defenders Coalition (HRDC) has written the government lending its credence to the concerns expressed by European Investment Bank (EIB) over the deploying of Godfrey Itaye — answering alleged charges of fraud and corruption — to become Chief Executive Officer for Lilongwe Water Board (LWB). The EIB has written the Ministry of Finance that it has considered the request to increase the financing of the project — under Lilongwe Drought Resilience Programme — from Euro12.5…

Malawian business executive Ndawala amongst 4 experts to speak at international virtual conference on transfer pricing in Africa

October 12, 2020

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| Business, International, News

By Duncan Mlanjira Malawian business executive, Bonface Ndawala has been identified as one of the four experts that will deliver presentations at an international virtual conference that has been organised on October20-21 to explore reducing of transfer pricing audit risk in Africa. The conference, organised by Informa — a global research group and a top FTSE 100 company listed on the London Stock Exchange, will tackle how the topic affects corporations doing business in Africa or have subsidiaries or…