Business – Page 256 – Maravi Express – Your Kind of News. Clear and accurate.

Government still owes Water Boards on bills now at K30 billion

June 14, 2020

By Tione Andsen, MANA The country’s Water Boards are still owed K30 billion in water bills from government Ministries, Departments and Agencies, reveals Water Services Association of Malawi (WASAM). WASAM Executive Secretary, Dokani Ngwira revealed this to Malawi News Agency (MANA) on Friday in Lilongwe during a press briefing regarding the threat of COVID-19 in the country. He said the bill was reduced to K23 billion by the end of 2019 after some payments were made but the mount…

Concerned Malawian advocates for Government to recognize Indians as Malawi’s 11th ethnic tribe

June 12, 2020

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By Duncan Mlanjira After conducting an intensive research and investigation of Malawi’s historical records, concerned citizen, Yamikani Nicholas Kachingwe is advocating that the Government should initiate a Bill in Parliament to officially recognize and accept Indians as Malawi’s 11th ethnic tribe. The 35-year-old Kachingwe, who has great interest in current affairs, news and storytelling, is running the campaign through the website www.currentaffairsmalawi, appealing and suggesting to all relevant authorities in Malawi to seriously consider the request. He says according…

COVID-19 fight and it’s economic effects on Malawi

June 11, 2020

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Analysis by Wisdom Ngwira, MANA December 2019, will historically be remembered as the month and year when a new ‘monster’ was born in the World — the Coronavirus. It all started in the sub provincial city of Wuhan, the Capital of Hubei Province, China when the World Health Organisation (WHO) was alerted of several cases of pneumonia of unknown cause detected in the City. On January 9, 2020, the Centre for Disease Control China, reported that a novel Coronavirus…

Gender Minister challenges youths to be self reliant

June 10, 2020

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By Manasse Nyirenda, MANA Minister of Gender, Children and Community Development Mary Navicha has challenged youths in the country to be self reliant by creating their own wealth through entrepreneurship. She made the remarks Wednesday in Lilongwe when she presented symbolic cheques to beneficiaries in the Women and Youth Loans under the Malawi Enterprise Development Fund (MEDF), saying it was high time the youth found an alternative way of sustaining their lives instead of solely banking their hopes on…

Housing Investment Cooperative declares 20% patronage refund

June 10, 2020

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By Duncan Mlanjira In the one and half years since its its inception, Housing Investment and Development Cooperative (HIDCO) has made an accumulated net profit of K14.5 million, up by K1.5 million it made in 2019 of over K13 million. During its first annual general meeting held on May 31, which is its registration anniversary, the members resolved to set aside 15% of its assets into Statutory Reserves and some funds went into education and marketing reserve and retained…

Airtel Africa plc celebrating 10th anniversary in July

June 8, 2020

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Maravi Express Airtel Africa, a leading provider of telecommunications and mobile money services in 14 countries across sub-Saharan Africa, celebrates its 10-year anniversary this month. The anniversary follows another recent milestone for Airtel Africa, when the company was listed on the London and Nigerian stock exchanges, and Malawi branch followed suit on February 24, 2020 by listing on Malawi Stock Exchange. In reflecting on the past 10 years, Airtel Africa Chief Exective Officer, Raghunath Mandava is quoted as saying…

Airtel Malawi posts K15.9 billion profit after tax

June 5, 2020

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By Duncan Mlanjira Airtel Malawi Plc has posted K15.908 billion as profit after tax as at December 31, 2019 which is up by K13.598 from the K2.310 billion it made the previous year. According to the financial results prepared by chartered accountants Deloitte, on behalf of the Airtel Malawi Board, the profit after tax went up mainly due to increase in operating profit and that the previous year’s had one-off impact on reversal of unrealised exchange gain on unpaid…

Machinga small scale farmers become active players in value chain after attending farm market school

June 5, 2020

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By Chimwemwe Mphande, MANA Small scale farmers in Traditional Authority Kawinga in Machinga have become active prayers in various agricultural value chain following an innovative marketing skills training that was provided by Adventist Relief Agency (ADRA) through Farmers Market School (FMS). Chairperson for Mpapa Farmers’ Cooperative, Haji Mandowa gratitude to the faith-based organization on Wednesday after the training, the small scale farmers have learnt how to negotiate with customers and all the processes involved in the value chain. …

Three arrested over ESCOM transformer oil theft

June 3, 2020

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By Peter Kanjere, ESCOM PRO Blantyre Police have arrested three suspects in connection with recent cases of theft of Electricity Supply Corporation of Malawi (ESCOM) Limited transformer oil in Blantyre. Blantyre Police Station spokesperson, Augustus Nkhwazi confirmed the arrest on Tuesday of Foster Chalera and Mission Nkonda for allegedly syphoning fuel from ESCOM Customs Road sub-station on the night of May 28. Another suspect was also arrested over a similar incident. “They have since been charged with theft and…

MultiChoice launches MyDStv and MyGOtv apps

June 2, 2020

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Maravi Express MultiChoice has launched a new milestone for its customers, MyDStv and MyGOtv apps which will enable customers to manage notifications settings for payment history, changing their subscription package, updating contact details and fixing decoder errors using their mobile devices. Through this digital transformation initiative, customers will enjoy the benefits MultiChoice’s deliver through minimal data consumption and ease of use. “When we set out to develop our core services, we wanted to set up platforms that enriches the…