Business – Page 254 – Maravi Express – Your Kind of News. Clear and accurate.

Phombeya power substation targeted for interconnection with Mozambique and Zambia

July 23, 2020

By Duncan Mlanjira Electricity Supply Corporation of Malawi’s power substation at Phombeya in Balaka is earmarked to be upgraded for possible power interconnection with Mozambique and Zambia. This was disclosed on Wednesday when newly-appointed Minister of Energy, Newton Kambala visited the substation which is situated along the Blantyre-Lilongwe Zalewa road. ESCOM’s acting director of distribution, Masauko Mula said Phombeya is one of their main substation from power generating plant at Nkula in Neno District. He appraised the Minister of…

President Chakwera appoints boards of directors for Reserve Bank, MRA

July 22, 2020

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Maravi Express President Lazarus Chakwera has approved the appointment of Board Members for the Reserve Bank of Malawi (RBM) and Malawi Revenue Authority. RBM Governor himself, Dr. Wilson Banda is the chairperson of the executive committee together with deputy governors and Secretary to the Treasury while non executive members are Randson Phillimon Mwadiwa, Justice Elton Mawina Singini, Nikita Kambili Mzembe, Miriam Wemba, Dr. Maxwell Mkwezalamba. MRA Board has NICO Holdings Managing Director, Vizenge Kumwenda as chairperson whose members are…

ESCOM owes over K40 billion from bank loans and suppliers

July 20, 2020

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By Duncan Mlanjira Electricity Supply Corporation of Malawi (ESCOM) owes banks and other suppliers over K40 billion due to among other things, inadequate revenue generation caused mainly by low power generation as well as effects of COVID-19 pandemic. This was disclosed on Monday when newly-appointed Minister of Energy, Newton Kambala visited ESCOM Power Station at Chichiri in Blantyre on a familiarization tour as well as for a comprehensive meeting with members of management. Kambala told the media after touring…

Muslim Youth United on a donation spree; provides warm clothing to night security guards

July 19, 2020

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By Duncan Mlanjira Muslim Youth United, a philanthropy arm of Muslims in Malawi, on Wednesday night went on a donation spree along the streets of Limbe and Blantyre handing out warm clothings to whichever night security guard they found at business premises. On an appropriately very chilly night starting from 21:00hrs, the group donated blankets, thick jackets, socks and woolen hats as a gesture of appreciation for the role they play in securing the business premises from which all…

Kazako challenge MPC to start making profits

July 17, 2020

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By Brenda Nkosi, MANA Newly-appointed Minister of Information, Gospel Kazako has challenged Malawi Posts Corporation (MPC) top management to stop seeking sympathy and start making profits or else step-down. Kazako, on a familiarization tour of MPC headquarters in Blantyre on Thursday, said it was not making sense that the company’s top management were driving posh cars, living in expensive houses and has executive offices when they were making losses. “We need to make sense of what employees are getting…

Mzuzu City Council sit-ins persist under new management

July 13, 2020

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By Zenak Matekenya, MANA It never rains but pours for Mzuzu City Council management following a new sit-in by its workers, who are demanding for their three months unpaid salaries. After a wave of sit-ins over the same unpaid salaries since last year, there was hope that things would change for the better following transfer of the then Chief Executive Officer (CEO), McCloud Kadammanja and dismissal of Finance Director and Procurement Officer deemed to be at the centre of…

NBM Chichiri Service Centre temporary closed after some staff tests COVID-19 positive

July 13, 2020

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By Duncan Mlanjira National Bank of Malawi (NBM) has closed its Chichiri Service Centre for 14 days as a precautionary measure after several of its members of staff tested positive of COVID-19. In a public statement, the bank says during the 14 days of closure, the Chichiri premises shall be disinfected and that all staff shall observe 14 days of self quarantine. The staff shall undergo a second test to those that tested negative after the 14 days of…

Historic translocation of zebra and waterbuck to Kasungu National Park

July 10, 2020

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Maravi Express In a historic first bid to restock Malawi’s Kasungu National Park, conservationists have begun translocating zebra and waterbuck to the 240,000²-hectare wildlife reserve. The first seven Zebra — four mares and three stallions arrived at Kasungu on Wednesday. A statement issued by Theresa Chapulapula, communications officer for International Fund for Animal Welfare (IFAW), says in total 12 zebras and 14 waterbucks are being moved from Kuti Wildlife Ranch in Salima in conjunction with the Department of National…

Department bemoans the country’s Chambo fish decline

July 9, 2020

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By Martin Chiwanda, MANA Department of Fisheries in the Ministry of Agriculture and Food Security has expressed concern over the decline of Chambo in the country’s main water body, Lake Malawi. Deputy Director of Fisheries responsible for Planning and Development, Morris Makhuwira was speaking on Wednesday in Nsanje after making a presentation on the Fisheries Project that intends to save the endangered fish species. Makhuwira said Chambo fish stocks have declined from 15,000 metric tons in the 1980s to…

MV Ilala back on Lake Malawi after workers sit-in

July 9, 2020

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By Leonard Masauli, MANA Islanders of Likoma and Chizumulu can now breathe a sigh of relief following the return of MV Ilala services on Lake Malawi after a three-week suspension due to workers sit-in. The vessel’s suspension crippled businesses for many and affected travelers on private and official errands as only boats, which are smaller in size, could operate on the lake. However, on Monday, July 6, the vessel was back on the lake, sailing from Monkey Bay to…