Business – Page 264 – Maravi Express – Your Kind of News. Clear and accurate.

African Drone and Data Academy graduates first batch

March 19, 2020

By Morton Sibale, MANA A total of 24 students from Malawi and other African countries on Wednesday became the first cohort to graduate from the African Drone and Data Academy (ADDA), whose inaugural graduation ceremony took place at Bingu International Convention Centre (BICC). The academy, which was launched in January this year, is the first of its kind in Africa and was established with support from UNICEF-Malawi. It is run through the partnership between Virginia Polytechnic Institute and…

Of motivational speakers and the substance of reality

March 18, 2020

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By Farai Chigaru With unemployment rate still escalating almost in all countries, many people especially the youth, are diverting their interest to entrepreneurship. Mostly these young ones are motivated by those people who have succeeded in life, playing role models and even those who give motivational talks. Malawi is one of the countries that has successful people in businesses and also very influential motivational speakers. But not all people who are venturing into business are successful despite being influenced…

South Africans to visit Malawi to try hijack football legend Kennedy Malunga’s worth creation initiative through CROWD1

March 18, 2020

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By Duncan Mlanjira Two Durban-based South African nationals intend to travel to Malawi this week to market the online network business, CROWD1 Marketing, that was already been launched by this country’s football legend Kennedy Malunga last month. The two are Benjamin Maseko and Mama Sonia and they have already posted fliers of their impending trip on social media and the three contact numbers on the posters are all Malawian. According to our source, Maseko — the leader of the…

Vendors storm Zomba City Council over market space challenge

March 18, 2020

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By Synd Kalimbuka and Thandizo Chadzandiyani, MANA Vendors who operate outside of Mpondabwino Market in Zomba City on Wednesday protested against city authorities for victimizing them and damaging their properties. The issue started when vendors from inside the market accused those selling merchandise outside for contributing to the low turn up of customers inside the market. According to chairperson of the vendors who trade outside the market, Netsayi Bwanali, the city authorities have been forcing them to conduct their…

Economists say Coronavirus will slam African economies

March 18, 2020

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By Simon Marks, Voice of America As the coronavirus spreads across Africa, countries are taking stronger measures to curb its spread and while the restrictions may contain the virus, they will likely have a deep impact on the continent’s economies. With several African governments closing borders, canceling flights and enforcing strict quarantine requirements to curb the spread of the virus, experts say there will be consequences for the continent’s economy. The United Nations said it now estimates Africa’s GDP…

Future of fishing in Lake Malawi looks bleak

March 16, 2020

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By Kondwani Magombo, MANA PACT Malawi Chief of Party, Allan Brooks has cautioned that if unless rules and regulations are fully abided to, the future of fisheries in the country would remain bleak. Brooks shot the warning during the official rollout of a project, Restoring Fisheries for Sustainable Livelihoods in Lake Malawi (REFRESH), at the beach community of Msaka in the area of Senior Chief Nankumba in Mangochi. He described Lake Malawi as the only water body in the…

MEDF on right track in financing the marginalized

March 16, 2020

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By Mayamiko Chimbali & Chikondi Chimala, MANA Malawi Enterprise Development Fund (MEDF) has said it was on the right track after reinventing itself into a competitive modern financial institution. In an exclusive interview with the Malawi News Agency (MANA), MEDF Chief Executive Officer (CEO) Mervis Mangulenje said after having some difficult years in the past, MEDF has improved its operational strategies. “Since 2014, MEDF has got some legacy issues emanating from Malawi Rural Development Fund (MARDEF) and Youth…

Foundations to Malawi’s economic pathway

March 16, 2020

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By Farai Chigaru Malawi’s economy can be fragmented based on the endowments it has — from the fresh waters that habours the tasty fish to the natural resources such as minerals among others. The beautiful weather that beckons good harvests every year can be another advantage for agricultural success. Apart from the natural resources and the pleasant weather, the country is labour abundant — thus from unskilled to skilled labour with the former being in multitude. For a country…

Plan International Malawi graduates 45 youths in TEVETA vocational skills in Machinga

March 13, 2020

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By Duncan Mlanjira There were happy faces all around from the youths, parents and traditional leaders of Namandanje Village in Traditional Authority Liwonde in Machinga District when Plan International Malawi organized a graduation ceremony on Thursday of 45 youths, who have been trained in vocational skills conducted by TEVETA. The youths were trained in tailoring & design; hair dressing; catering; bakery; carpentry; motorbike mechanics; motor vehicle panel beating; welding and bricklaying. Plan International Malawi also presented the graduands with…

Energy is key to drive Malawi economy

March 13, 2020

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By Tione Andsen, MANA Government has said lack of adequate energy in the country has been the single major constraint to the national development, saying the availability of adequate energy would be a key catalyst to the development of the country. Minister of Natural Resources, Energy and Mining, Bintony Kutsaira made the remarks Thursday during the official launch of the Malawi Energy Regulatory Authority (MERA) 2020-2024 Strategic Plan and Service Charter at Bingu International Convention Centre (BICC) in Lilongwe….