MACRA, Department of Civil Aviation to facilitate safety and security of air flights

By Aisha Amidu, MANA Malawi Communication Regulatory Authority (MACRA) and Department of Civil Aviation (DCA) have signed a Memorandum of Understanding (MoU) to foster security and safety of air traffic. Speaking at the signing of the MoU at Sunbird Capital Hotel in Lilongwe, DCA Director James Chakwera — whose department offers aeronautical telecommunication services to air operators — said the MoU will help in transitory of information to air operators to and from their destination. “This will make the…

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Ray of hope for Malawi’s tobacco industry

Maravi Express Expectations are high that the local tobacco industry will receive a boost from one of the biggest buyers of Malawi tobacco, Phillip Morris International (PMI), following revelations that one of its smokeless cigarette technologies has been authorised by the United States’ Food and Drug Administration (FDA).     The development brings a new ray of hope to Malawi, which has seen earnings from the green gold sharply declining in recent years due to the global anti-smoking campaign…

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COVID-19 seriously disrupts Malawi’s ICT industry

By Duncan Mlanjira Financial operations in most Malawian companies have been affected by COVID-19 and information and communications and technology (ICT) sector has not been spared from it because most of the ICT hardware equipments are designed from the West but manufactured in China. Following national lockdowns in China, USA and Europe since February this year, the ICT industry has had serious disruptions in the delivery timelines. This was said by Wisely Phiri, group managing director of one of…

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FDH Bank Plc officially listed on Malawi Stock Exchange

By Mayamiko Phiri FDH Bank Plc has officially been listed on Malawi Stock Exchange at a colorful ceremony took place in Blantyre on Monday, 3rd August 2020. On the listing day about 900,000 shares were traded. The price went up to K15 from K10 per share allowing shareholders to register a capital gain of 50 percentage on the first day. FDH bank managing director, Ellias Ngalande said this is a good development for the bank as now they will…

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Airtel resumes person to person mobile money transaction fees

Maravi Express Airtel Money has reverted to its original transaction fees and account holding balances following the expiry of provisional measures put in place on 23rd April 2020 to mitigate the impact of COVID-19 for 90 days (3 months). In a statement, Airtel says effective from 1st August, 2020, fees on all Person to Person (P2P) transactions for Airtel Money to Airtel Money customers and from Airtel Money to Mpamba customers are now as was on 22nd April 2020….

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ESCOM employees contributing to illegal power supply connections; Disconnects 20 houses in Bangwe

Maravi Express Electricity Supply Corporation of Malawi (ESCOM) has disclosed that some of their employees, both active and former staff members, are contributing to illegal power supply connections. This was disclosed on Friday, July 31 by ESCOM’s Public Relations Manager, Innocent Chitosi when the power utility supplier disconnected a total 40 houses at Nthandizi in Limbe’s Bangwe township for illegal connections. In its ‘Random Inspections Exercise’ of electricity, ESCOM discovered that some of their customers, Horrace Khan and Mabvuto Kapyepye,…

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

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…

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

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,…

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Government ready to support local SMEs — Gwengwe

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…

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Lisungwi irrigation scheme project on course

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…

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