Business – Page 269 – Maravi Express – Your Kind of News. Clear and accurate.

Zambia approves marijuana exports to boost economy

January 2, 2020

By Chris Mfula, Reuters Zambia has legalized the production and export of cannabis for economic and medicinal purposes becoming the latest country to shift its position on the drug to give its finances a boost. The approval for the export of cannabis was granted at a special cabinet meeting on December 4, government’s chief spokesperson Dora Siliya said in a statement. It was not clear from the statement if the use of cannabis for medicinal purposes in Zambia…

SA-based Malawian to have a career guidance talk in software development

December 31, 2019

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By Duncan Mlanjira Kenneth Fukizi, a South Africa-based software engineer, solutions architect and consultant with more than 14 years of experience is set to hold a workshop on January 24 in Lilongwe where he shall push forward coding as a tool to reduce unemployment. And he is also expected to introduce a community of upcoming software developers, which will be used as a platform to build up and equip competent software developers for Malawi and Africa. He targets youngsters,…

TNM, FDH, NBM partnership eases access to 4G smartphones through credit facilities

December 29, 2019

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The country’s integrated mobile network and ICT services provider TNM Plc, has partnered with FDH Bank and National Bank of Malawi (NBM) to enable their mutual customers to access credit facilities to acquire 4G smartphones. The ‘Phone on Loan Scheme’ for FDH Bank and ‘Device Pasavute’ for TNM aim at providing affordable 4G Data capable smart devices to the shared customers of both firms. This will allow customers to enjoy the high quality experience on TNM’s 4G network thereby…

Entrepreneur Mike Chilewe closes famous Welding Centre

December 27, 2019

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By Duncan Mlanjira The famous steel products manufacturers, Mike’s Trading—The Welding Centre, situated in Chitawira along Kenyatta Drive, has been closed as announced in a public statement issued by its owner, industrious entrepreneur Mike Chilewe. The short public notice did not indicate reasons for the closure and only added that the offices and warehouses will be occupied by new owners. Mike’s Trading, started humbly by manufacturing steel windows frames, door frames and steel gates before diversifying into making vehicle…

AHL Tobacco Sales disputes MCP SG’s allegations on destruction of tobacco

December 25, 2019

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By Duncan Mlanjira AHL Tobacco Sales has described as misrepresentation of facts by lawmaker and opposition Malawi Congress Party Secretary General Eisenhower Mkaka on the destruction of some tobacco bales classified as Return to Grower (RG), in which he claimed was a move to punish Central Region growers. In a Facebook post, Mkaka claims that AHL classified over 4,000 tobacco bales as RG without consulting farmers and went ahead to destroy them. A statement from AHL Tobacco Sales…

Airtel Malawi to open Malawi Stock Exchange’s Initial Public Offer on December 27 at MK12.69 per share

December 24, 2019

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By Duncan Mlanjira Airtel Malawi plc, which is on the process of listing on the main board of the Malawi Stock Exchange (MSE), will open the Initial Public Offer (IPO) on Friday, December 27 at a price of MK12.69 per share. A statement from Airtel released on Tuesday (December 24) says it has released its Pre-Listing Statement in compliance with the Malawi Stock Exchange’s Listings Requirements, providing further details about the listing on the stock exchange. The listing…

People lament loss through fire of monumental Hotel Masongola

December 24, 2019

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By Duncan Mlanjira Zomba fire fighters managed to put out the fire that caught the monumental Hotel Masongola, formerly known as Government Hostel, on Sunday but substantial damage has been caused to a good part of the property. A lot of people lamented this loss on social media as this was the first State House of the country. Commenting on Facebook, Abdul Khamboo said it is such heartbreaking to see such a historical building succumbing to fire and…

TNM launches TikTok bundles

December 23, 2019

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Malawi’s integrated mobile network and ICT services provider, TNM has launched mobile application dubbed ‘TikTok’ bundles to enable subscribers access exciting video content at an affordable rate. The mobile application TikTok captures and presents worldwide creativity through exciting short-videos that are spontaneous, precious lifetime moments and knowledge sharing. It allows its users to create short videos which can include feature music in the background. It has created a platform for creating, editing and distributing audio visual content and…

Malawian Associate Professor Mikeka awarded Life Time Achiever by ICTAM

December 20, 2019

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By Duncan Mlanjira Global winning Malawian engineer Dr. Chomora Mikeka was on Thursday recognised with award for Life Time Achiever by Information & Communication Technology Association of Malawi (ICTAM) Innovations Award Gala held at Amalyliss Hotel in Blantyre. Other awardees included Malawi’s information and communications and technology (ICT) company, SPARC Systems Limited who had two accolades, Hardware & Networking and Best ICT firm for 2019. The award for Banking and Finance went to National Bank of Malawi Plc;…

Non-compliance by companies affecting pension administration services —NICO Pension

December 20, 2019

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By Caroline Nyekanyeka NICO Pension, a subsidiary of Malawi’s leading financial service provider, NICO Life has expressed concerned that non-compliance by some companies to submit their employees’ contributions is affecting the pension administration services. NICO Pension General Manager Gerald Chima said this on Wednesday at Mount Soche Hotel in Blantyre during the opening of a two-day ‘NICO Pension Services Seminar’ which engaged all NICO Pension members into a special interaction. The event was also a platform for the company to give…