Business – Page 253 – Maravi Express – Your Kind of News. Clear and accurate.

NBS Bank, NBS Forex Bureau record half-year MK3.7bln profit before tax

August 1, 2020

By Duncan Mlanjira NBS Bank Plc and NBS Forex Bureau have recorded a profit before tax of MK3.7 billion for the six months ended 30th June 2020 and net profit after tax of MK2.8 billion. The profit before tax is up from MK2.1 billion in the same period in 2019 that had a net profit after tax of MK1.4 billion. Due to this impressive performance, the Bank’s Board of Directors has recommended the payment of an interim dividend for…

Minister delighted with reduction of Airtel’s data tariffs; But asks company to do more

August 1, 2020

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By Trouble Ziba, MANA Minister of Information, Gospel Kazako says he is delighted at Airtel’s decision to increase data benefits for its customers and reducing Pay-As-You-Go (PAYG) tariffs, but has asked the mobile operator to do more to accord Malawians affordable ICT services. Airtel Malawi, one of the country’s top mobile phone service providers, announced on Thursday at a press briefing in Lilongwe that it would increase value of data bundles to make internet connectivity more affordable effective Monday,…

Government ready to support local SMEs — Gwengwe

July 29, 2020

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By Sylvester Kumwenda, MANA Government is ready to support young Malawians who would venture into small and medium scale enterprises (SMEs) by introducing regulations to protect their local productions on the market. Minister of Trade Sosten Gwengwe made the remarks Wednesday in Lilongwe when he announced the rolling out of the new Control of Goods Act agreed by Parliament in 2018 which became effective on July 10. The accompanying Control of Goods Regulations which are Control of Goods (Public…

Lisungwi irrigation scheme project on course

July 29, 2020

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By Maston Kaiya, MANA There are high prospects that a multimillion World Bank funded Lisungwi Irrigation Scheme project in Ntcheu will be completed by October, 2020. Ntcheu District Irrigation Officer, Limbani Mzembe disclosed this Tuesday, when together with Ntcheu District Commissioner (DC) Francis Matewere, toured the construction sites beside other irrigation schemes in the district. The other irrigation schemes which were visited are Chikondi, Namadidi, Linungwi and Muthe. Mzembe, who was impressed with the construction progress so far, said…

Concerned citizens ask for amendment to Pensions Act

July 28, 2020

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Maravi Express Some serving and retired officers from both the private sector and the civil service, calling themselves Pensions Act Amendment Movement (PAAM), have petitioned Minister of Labour to consider amending the Pension Act of 2010. The petition dated July 22, 2020, has been copied the Speaker of Parliament, Human Rights Defenders Coalition, Malawi Congress of Trade Union, Youth and Society and Malawi Human Rights Commission. It says much as the Pension Act of 2010 is important, it however,…

Malawian private tree seedlings developer diversifies to fruits seedlings

July 27, 2020

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By Duncan Mlanjira Following end of tree planting season to arrest the rampant deforestation, Malawian passionate private seedlings developer, Mapopa William Banda, has now diversified by raising fruits tree seedlings. He has in stock indigenous fruits tree seedlings such as Mbilima, Mpinjipinji, Matowo, Mateme, Masau, Chitimbe and Mkundi. The exotic fruits are Mangoes, Lemons, Oranges, Limes, Guavas, Avocado pears and Pomegranates. Mapopa says he already has great support mainly from the elite customers who are appreciating the value of…

Power of investment book ‘Khobidi Malawi’ attracting great demand

July 26, 2020

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By Duncan Mlanjira The financial investment book, Khobidi Malawi — which Blantyre-based journalist, Alick Sichali of Ufulu FM authored — has attracted great demand prompting the author to distribute it countrywide. Sichali said more than 100 copies were sold in a month after its release last month and is being sold through books-shops and other outlets such as Claim Mabuku, Central BookShop, Nkhungudzu BookShop, Bookland international, Bookmate publishers, Mzuzu Book Centre, Poly Total Filling Station, Kwaharaba, Triphant BookShop, Bookworm,…

Suspected deadly fish disease outbreak hits Mchinji

July 26, 2020

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Maravi Express The Ministry of Agriculture has announced that there is a suspected outbreak of disease called Epizootic Ulcerative Syndrome (EUS) that is attacking fish. The outbreak has been identified to have hit Dambo Village in Mchinji’s Mlonyeni Extension Planning Area (EPA). In a statement, Ministry of Agriculture’s Secretary, Gray Nyandule Phiri said the disease has so far spread to other water bodies within Mchinji and that there is no direct public health risk for consuming fish suffering from EUS….

DStv announces new way of keeping viewers informed

July 24, 2020

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Maravi Express In its endeavour to continually strive to create innovative ways to offer customers the best services, DStv is set to launch an Enhanced Decoder Notification (EDN) functionality which aims to address communication issues for subscribers. This functionality will take the admin out of viewing, so consumers can get back to being entertained, says a statement from DStv. And it will provide viewers with streamlined access to important subscription information, including rewards notifications, payable subscription amounts, methods to…

Airtel responds to Minister Kazako’s appeal for mobile service provider to reduce data charges

July 23, 2020

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By Duncan Mlanjira After newly-appointed Minister of Information, Gospel Kazako’s plea to Malawi Communications Regulatory Authority (MACRA) to ask mobile service providers to reduce data charges, Airtel Malawi has issued a statement that it is taking an engagement approach on the matter. A press statement addressed to its customers on its official digital platforms from Managing Director, Charles Kamoto says they have engaged an approach with relevant authorities so that the debate and consequent decisions around data pricing should…