Business – Page 255 – Maravi Express – Your Kind of News. Clear and accurate.

SPARC Systems enhancing homegrown ICT skills training

September 3, 2020

By Duncan Mlanjira The COVID-19 pandemic has greatly affected business operations in most Malawian companies due to lockdown travel restrictions and the information and communications and technology (ICT) industry was not spared as it relied its skills training from developed world. The situation prompted one of Malawi’s top ICT companies, SPARC Systems Limited to innovate its training programmes by conducting virtual online skills trainings to encourage the business world to opt for homegrown skills training life after COVID-19. SPARC…

Absence of MERA Board might affect fuel pricing mechanism

September 3, 2020

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By Duncan Mlanjira The absence of the Board of Directors for Malawi Energy Regulatory Authority (MERA) can trigger serious fuel pricing upwards as the COVID-19 curve is flattening. This was observed on Monday when Consumer Association of Malawi (CAMA) and the MERA secretariat engaged the media on the trends that are involved in the fuel pricing mechanism and the role that MERA plays. Using Automatic Pricing Mechanism that involves global fuel pricing trends, MERA’s Liquid Fuels & Gas Pricing…

WEMAS comes up with first of its kind in health insurance cover that guarantees cash back at end of year

September 2, 2020

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By Duncan Mlanjira Malawi medical insurance industry has a new and first of its kind scheme that guarantees cash back on underutilized monthly contributions at the end of the year. This is being offered by new kid on the block, Wella Medical Aid Society (WEMAS), that is owned 100% by Wella Holdings Limited and started its operations on 1st April 2020. WEMAS was launched in Zomba on Tuesday and Chief Executive Officer MacDonald Wella said their objective is to…

Speed Courier splashes out cash prizes through ruffle draw to customers as cushion for COVID-19

August 31, 2020

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By John Saukira One of Malawi’s courier service company, Speed Courier disbursed cash to lucky winners in a promotion it carried out for three months that was aimed at cushioning customers amid COVID-19 effects. The promotion was open to every client that did business with them in all three regions of the country and were instantly entered into a draw. Speaking during the draw of the promotion on Friday the company’s operation director Talha Saqib Malik said they recognise…

Malawi Stock Exchange inculcating capital market investment culture in young minds

August 28, 2020

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By Duncan Mlanjira In its earnest campaign to demystify that investment in the capital market is not just for the elite business persons but for every citizen wishing to venture into this financial territory, the Malawi Stock Exchange (MSE) is on a campaign to market its services by engaging young students in secondary schools and tertiary institutions. This was disclosed during a virtual media conference that MSE organized under the topic ‘Raising capital through the Malawi Stock Exchange’ done…

Reunion Insurance Company introduces Chisa Domestic policy to cover people’s assets

August 26, 2020

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By Duncan Mlanjira One of the country’s fastest growing insurance firm, Reunion Insurance Company Limited has introduced Chisa Domestic policy (insurance nest) that will cover people’s assets for urban and rural dwellers. The Chisa policy will cover motor vehicles, cycles, trailers or caravans (for private usage), personal liability, all risks, pleasure craft, personal accident as well as golfers. Reunion Insurance’s Business Development Manager, Miller John Joshua said this is a truly packaged policy conveniently designed with various sections amid…

Malawi’s agricultural commercialization project gears up to help create much touted 1 million jobs

August 21, 2020

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By John Saukira Agricultural Commercialization Project of Malawi (AGCOM) says it is committed to ensure implementation of Government effort in the creation of the much touted of 1 million jobs promised by the Boma Lokomera Tonse aMalawi AGCOM coordinator Teddie Nakhumwa, said this in Lilongwe during a press conference, saying his project is aimed at transforming small scale farmers to commercial ones. “When we talk about creation of jobs this is possible because on average we have 100…

Airtel, MoneyGram partner to enable 19m Airtel ustomers to receive money directly into mobile wallets

August 20, 2020

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Maravi Express MoneyGram International Inc, a global leader in cross-border P2P payments and money transfers, on Thursday announced a new partnership with Airtel Africa PLC, to enable Airtel Money’s 19 million customers to quickly and conveniently receive MoneyGram transfers directly into their mobile wallets from family and friends around the world. Once Airtel Money customers receive the funds, they can be accessed immediately and used to pay utility bills, goods and services, transferred to other individuals, or converted to…

Pension Act Amendment Movement believes current Act technically antagonistic to job creation for youths

August 20, 2020

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By Duncan Mlanjira Pension Act Amendment Movement is asking Parliament when it convenes next month to amend the Pension Act of 2010, which it finds to be technically antagonistic to the idea of creating more jobs for the youth since older employees cling on to their jobs in order to clock mandatory retirement age of 60 years. The movement says Pension Act of 2010 is important in a number of ways, however, it strongly needs amendment so that it…

Castel Malawi imposes tough hygiene and security measures; eating, drinking prohibited

August 20, 2020

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By Duncan Mlanjira Castel Malawi has imposed tough disciplinary, hygiene and security measures on its employees which include banning eating and drinking at workstations, production areas or even in vehicles. Approved by Managing Director, Herve Milhade the memorandum that each employee has received and is expected to be signed by everyone as acknowledgement, says eating and drinking at workstations is against the company’s health and safety regulations. “Eating must be done in designated eating areas or outside the vehicle…