Category: Business

By Duncan Mlanjira Information and technology expert, Matthews Mtumbuka says the modern insurance customer has become very complex, owing to the digital transformation and that they have several insurance options to choose from as the digital age has made the customer’s access to information so easy. Mtumbuka said this when he presided as the guest of honour at this year’s Institute of Insurance in Malawi (IIM) annual Charter Dinner held at Mount Soche Hotel in Blantyre where he said…

General Alliance’s Malaicha is new Malawi Insurance Institute executive council president

March 2, 2020

By Duncan Mlanjira Chartered insurer, Masautso Malaicha, who has 25 years working experience in general insurance and currently working as underwriting manager at General Alliance Insurance Company, was voted in as the new Institute of Insurance in Malawi (IIM) and was unveiled on Saturday during the Institute’s annual Charter Dinner at Mount Soche Hotel in Blantyre. Malaicha served as vice-president to outgoing president Maclonex Mwase, who works for Britam insurance company as Country Sales Manager, and will be deputized…

Civic education needed for proper industrial hemp regulation

February 29, 2020

By Alice Chunga, MANA Minister of Local Government and Rural Development, Ben Phiri has said civic education is essential to change the people’s perception regarding industrial hemp regulation. He said this on Thursday during the 48th Session of Parliament where the Cannabis Regulation Bill was passed. The Bill, which seeks to distinguish the criminalised Indian hemp (chamba) from medicinal cannabis through cultivation, production, possession and marketing, was first tabled five years ago by former legislator Boniface Kadzamira. “Perception…

EGENCO promises full power supply to be back in March

February 28, 2020

By Yamikani Yapuwa, MANA Electricity Generation Company (Malawi) Limited (EGENCO) says the country should expect full power generation by the end of March this year as it is still working on faulty machines at Kapichira Power Station. According to a press statement issued on Tuesday, currently, three out of four machines at the power station have broken down with different technical problems. The statement said EGENCO engineers and technicians are working tirelessly to resolve the faults and that…

ESCOM migrates 90 percent of customers to prepaid billing system

February 28, 2020

By Glory Msowoya, MANA Electricity Supply Corporation of Malawi (ESCOM) has said almost 90 percent of its customers have migrated to the new pre-paid billing system in the country. Speaking to Malawi News Agency (Mana) on Wednesday, ESCOM’s Public Relations Manager, Innocent Chitosi said the process was still ongoing and only few customers were yet to start using the new system as the process for importing the materials was still in progress. “So far, we have done 90 percent…

NICO Group sponsors K5m for ESCOM to host Southern Africa Power Pool conference

February 28, 2020

By Duncan Mlanjira Leading financial services provider NICO Group has sponsored K5 million for Electricity Supply Corporation of Malawi (ESCOM) to successfully host the upcoming 54th Southern Africa Power Pool (SAPP) International Conference to be held at Bingu International Convention Centre (BICC) in Lilongwe. To be convened from March 2-5, the SAPP conference will, among other issues, discuss adequacy, reliability and trading of power in the Region in keeping pace with developments within the Africa Region and the world…

Mzuzu curio vendors bemoan lack of sales due to filthy environment

February 28, 2020

| Business, Health, National, News

By Cosmas Chimaliro Mzuzu curio vendors have bemoaned lack of business due to Mzuzu City Council’s delay in removing garbage at the market, a development they say has lowered sales of their products and compromised tourism market for the country. In an interview Wednesday, Mzuzu Curio Market chairperson, David Ngulube bemoaned continued accumulation of garbage at the site rendering the place filthy. “Mzuzu City Council has taken almost two weeks without collecting the garbage, all the garbage from the…

Football legend Kennedy Malunga in the country ready to impress Malawians on worth creation through CROWD1

February 27, 2020

By Duncan Mlanjira South Africa-based football legend Kennedy Malunga has arrived in Malawi ready to impress his compatriots on the attractive benefits that is being offered through the online network business, CROWD1 Marketing. He is in the company of CROWD1’s directors and international financial, Peter Chawanda and Derrick Robert, who are set to host a number of seminars on life changing business opportunity that will be held first at Dorvic Hotel on Thursday and Friday and Malawi Sun on…

NBS Bank Plc now on smooth path; registers K4.46 billion profit after tax

February 27, 2020