Business – Page 268 – Maravi Express – Your Kind of News. Clear and accurate.

National Bank clarifies on public’s confusion on fees that are being effected

January 6, 2020

By Duncan Mlanjira National Bank of Malawi (NBM) has explained to its customers that the fees it is effecting are for the services which the bank offers as per its Tariff schedule which it publishes in major newspapers, service centers and its social media channels. In a public notice NBM released on Monday, it says application of the fees are done in January and July of each year, in line with Reserve Bank of Malawi requirements. NBM was…

Tourism and Hotels Board close down Sana Food Court in Lilongwe

January 6, 2020

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By Duncan Mlanjira Tourism and Hotels Board of the Ministry of Industry, Trade & Tourism has closed down Sana Food Court in Lilongwe for failure to comply with minimum standards in accordance with the Tourism and Hotels Act, CAP 50:01 of the laws of Malawi. The food store, which is part of Sana Supermarket, is situated close to Kamuzu Central Hospital Roundabout and the premises shall remain closed until the Tourism and Hotels Board re-opens it. In an…

Phase 1 of ICAM House completed

January 6, 2020

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By Duncan Mlanjira Malawi Institute of Chartered Accountants (ICAM) has now occupied part of the ICAM House it has constructed along Masauko Chipembere Highway at Ginnery Corner in Blantyre opposite Universal Industries. According to ICAM Chief Executive Officer Francis Chinjoka, this is Phase 1 of the project is completed and will be commissioned by the Minister of Finance, Economic Planning and Development. “Construction started in January 2018 and the Phase 1 will be used by the Secretariat while Phase…

Concerned Chitipa citizens petitions MRA to facilitate for upgrade of access road to Mbilima Border Post

January 6, 2020

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By Duncan Mlanjira Concerned Chitipa citizens have petitioned Malawi Revenue Authority (MRA) that it should facilitate for the upgrade of the access to to Mbilima Border Post which is in bad shape. However, the concerned citizens have given MRA 7 days from January 2, 2020 to respond to the request failing which the government tax collecting body should remove its officers from Mbilima Border Post or expect unpleasant unspecified action. The petition to Chitipa MRA officer in charge…

People urged to boycott buying from city vendors to discourage them from making street pavements untidy

January 4, 2020

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By Duncan Mlanjira The majority of city dwellers have been asking Blantyre City Council to remove street vendors plying their trade in undesignated areas, who are contributing to making the cities look untidy and ugly. However, some are urging each other that the best solution is to stop buying from the street vendors so that they get discouraged and relocate to proper markets. The mostly food vendors take advantage of people who find it inconvenient to go to…

Pros and cons on Airtel’s Malawi’s IPO to list on Malawi Stock Exchange

January 3, 2020

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By Duncan Mlanjira As soon as Airtel Malawi released the Initial Public Offer (IPO) intending to list on the main board of the Malawi Stock Exchange (MSE), several professionals in the financial services industry, mostly in their personal capacities, wrote their opinions on the pros and cons of this latest development that is inviting the public to be shareholders. Initial observers, however, first sent red flags trying to dissuade the public from rushing to buy the shares, which…

Mnangagwa pleads with nation to defend and protect the Zim Dollar

January 3, 2020

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By Allafrica.com President Emmerson Mnangagwa feels it is the duty of every Zimbabwean to defend and protect the recently re-introduced Zimbabwe dollar as the new currency was a symbol of national pride and sovereignty. In his 2020 New Year message, Mnangagwa said the government would not allow Zimbabwe revert to the use of the multi-currency system adopted 2009 by the now defunct Robert Mugabe government. Back in 2009, soaring inflation prompted the government to ditch its failing sovereign…

FDH Bank appoints Dr. Ngalande as managing director

January 3, 2020

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FDH Bank has appointed former Governor of the Reserve Bank of Malawi (RBM), Dr. Ellias Ngalande as managing director effective January 2, 2020. He will lead the implementation of FDH Bank’s strategy championing innovation, digital solutions, financial inclusion and superior customer service delivery. Ngalande is a seasoned and highly qualified professional with over 30 years experience working in strategic management positions in the public and private sector locally complemented with international exposure. He served as general manager for…

Chileka International Airport now operational for big aircrafts

January 2, 2020

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By Duncan Mlanjira Chileka International Airport in Blantyre has now been re-opened for big aircrafts as of today, January 2, much to the relief of the public, which is busy circulating a video clip of a Malawi Airlines’ B737 landing and taking off. Minister of Transport and Public Works Ralph Jooma visited the airport in the just ended December who promised the public that he had been assured by the construction contractor to complete the rehabilitation of the…

People lament departure of Brian Banda from Times TV

January 2, 2020

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By Duncan Mlanjira Following a public notice that announced that the Times Group and Brian Banda have parted company, people went on social media to lament this development, saying they shall miss this award-winning Times Radio and Times TV host. The public notice from the Times Group says Brian voluntarily resigned on personal grounds despite reports that are circulating on social media that he has been forced to resign following accusation of professional misconduct. “Management is aware that there…