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

Despite COVID-19 negative effects, Malawi recorded relatively low and stable inflation rate

September 11, 2020

By Duncan Mlanjira Despite the negative effects of the COVID-19, Malawi has recorded relatively low and stable inflation rate, Minister of Finance Felix Mlusu said when he presented the 2020/2021 budget in Parliament on Friday. He said headline inflation rate declined to 8.0 percent in July 2020, from a peak of 11.5 percent in December 2019 and going forward, the Government, through the Reserve Bank of Malawi, will pursue a low inflation agenda with a target rate of inflation…

2020/2021 Budget developed under theme ‘Living the Promise’

September 11, 2020

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By Duncan Mlanjira Minister of Finance Felix Mlusu said the 2020/2021 budget which he presented in Parliament on Friday has been developed under the theme ‘Living the Promise’ and will focus among other ares achievement of sustainable and inclusive growth; macroeconomic stability and sound financial management. “These objectives will be pursued through transparency and accountability, rule of law, enhanced resource mobilisation, efficient resource utilization and provision of relevant infrastructure,” Mlusu said. “These are some of the promises that the…

MoH awards ambulance procurement bid to controversial Zambian firm; HRDC files corruption petition to ACB

September 10, 2020

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By Duncan Mlanjira Human Rights Defenders Coalition (HRDC) has written a petition to the Anti-Corruption Bureau (ACB), saying it has seen a notification of the award of a contract to Grandview International of Lusaka, Zambia to supply 35 Toyota Land Cruisers ambulances. However, Grandview International is a subject of investigation by the Anti-Corruption Commission in Zambia in their supply of 42 Fire Trucks at $1 million each that was investigated way back in 2017 by the Anti-Corruption Commission in Zambia in…

COMESA warns member states to be cautious of SA juice product Liqui Fruit

September 10, 2020

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By Duncan Mlanjira Competition Commission (CCC) under the wing of the Common Market for Eastern and Southern Africa (COMESA), has issued warning to its member states against consuming Liqui Fruit Red Grape products from South Africa that allegedly to contain small shards of glass. Liqui Fruit products, that includes Ceres Juice, are common in Malawi especially through the South African retailers and other outlets connected to the Rainbow country. The decision by the South African company, Pioneer Foods to…

Theme for 2020 World Tourism Day is ‘Tourism and Rural Development’

September 10, 2020

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By Daniel Namwini, MANA Malawi will join the rest of the world to commemorate World Tourism Day on September 27, whose is theme ‘Tourism and Rural Development’, that focuses on tourist attractions, accommodation, catering facilities and services for local communities’ tourism development. Through a press statement issued on Thursday, Secretary for the Ministry of Tourism, Culture & Wildlife, Isaac Katopola said the theme focuses on how tourism has the power to touch on almost every part of the societies…

7 jailed for assaulting Escom employees

September 9, 2020

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By Peter Kanjere, ESCOM PRO Nkhunga First Grade Magistrate Court in Nkhotakota District sentenced on Monday seven people to three years imprisonment with hard labour for assaulting Electricity Supply Corporation of Malawi (ESCOM) employees on suspicion that they were blood suckers. The court convicted are John Manda, aged 37, Ellia Chirwa, 35, Patrick Manda, 38, Letison Chirwa, 32, Fandison Chirwa, 29, Ishmael Phiri, 25, Zione Manda, 23, and Leonard Kamanga, 22 — all from Paulosi Village, Traditional Authority Kafuzila…

Airtel Money removes transaction fees on ESCOM tokens

September 9, 2020

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By Duncan Mlanjira Airtel Malawi has announced the removal of transaction fees for customers purchasing ESCOM tokens through Airtel Money from K200 per transaction to free of charge, effective 3rd September, 2020. This follows a recent announcement recently made by the mobile digital payments leader that it has reduced cash-out fees and revision of agent commissions for cash-in and cash-out transactions. A statement released on Wednesday says Airtel Money has also directly linked its platform with ESCOM, whereby previously,…

Grand Business Park in Lilongwe to help create help 1,500 direct jobs

September 9, 2020

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By Daniel Namwini, MANA The on-going construction of Grand Business Park in Lilongwe will help create over 1,500 direct jobs and 2,000 indirect job opportunities to youths and local people in Malawi. Deputy Minister of Lands, Abida Mia said this on Tuesday when she visited the Chinese project at Area 46 along the Western By-pass road in Lilongwe. The cost of construction of the park is estimated at K73 billion (USD100 million) and Mia said the investment has a…

Nankhumwa attributes depreciation of kwacha to MCP four months after DPP rule

September 8, 2020

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By Duncan Mlanjira & Tione Andsen Opposition Leader Kondwani Nankhumwa told Parliament on Monday that foreign reserves are fast dwindling under the Tonse government than it was under the Democratic Progressive Party (DPP) rule and yet this is just not more than four months into the new government. This is in stark contrast to the professional observation made by Malawi Chambers of Commerce and Industry (MCCI) chief executive officer, Chancellor Kaferapanjira during the two-day National Development Conference held in…

Roads Authority describes as untrue HRDC’s allegations over corrupt practices in awarding road contracts

September 8, 2020

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By Duncan Mlanjira The Roads Authority has described as untrue the allegations that the Human Rights Defenders Coalition (HRDC) highlighted so that the Anti Corruption Bureau (ACB) should investigate detailing some irregularities for construction of 10 road projects mainly in the Southern Region. HRDC alleged that the Roads Authority made some payments out of Treasury during the campaign period for the fresh presidential election on the pretext that the money would be advance payment to contractors. The letter, dated…