Business – Page 272 – Maravi Express – Your Kind of News. Clear and accurate.

Mchinji District Council loses over K10 million due to vendors strike

December 5, 2019

By Owen Zayambika, MANA Mchinji District Council says it lost about K10.5 million in revenue collection due to an industrial action staged by vendors plying their trade at Mchinji town market between the months of September and October, 2019. Mchinji District Commissioner, Bester Mandere told Malawi News Agency (MANA) this has made the council struggle to pay salaries for employees which are drawn directly from the market levies. Mandere further said the seven-week strike has paralyzed provision of…

South African suggests that airline be sold to Richard Branson; he is the only one who can save it

December 5, 2019

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By www.sowentanlive.com A South African has suggested that South African Airways (SAA), which is mired in financial problems, should be offered to American billionaire Richard Branson instead of the government giving it another bailout. Writing on readers comment box, the patriotic national says SAA’s business is finished, suppliers, staff and service providers that have not been paid are about to get burnt. “It’s no different to so many businesses going belly up in this sagging economy. “Instead of…

Housing Investment and Development Cooperative’s assets rise to K21.2m through Ndalowa Nawo Promotion

December 5, 2019

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By Duncan Mlanjira In a bid to increase membership and shares in the Housing Investment and Development Cooperative Society Ltd (HIDCO), has seen the recently formed housing cooperative’s assets grow from K8,990,657 in August to K21,234,069 at the end of the promotion on November 30. In the same period, HIDCO registered a net profit of 7,933,877 from K2,219,157. According to the financials presented at their annual general meeting, the cooperative’s mandatory shares are at K6,859,142 from K2,387,500 in…

New insurance brokers Black Rose aim to revolutionalise the market by offering above-the-norm services

December 3, 2019

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By Duncan Mlanjira New insurance brokers, Black Rose, has hit the ground running since its official registration in March and its business philosophy is to revolutionalise the insurance broking market by offering above-the-norm service to its clients, which is a solid basis for sound insurance and competitive proposition to all clients. Black Rose, founded by Brian Zagwazatha Kapito — who has a combined insurance career experience of over 25 years, is 100% Malawian owned company and it has a…

Digital financial transactions service offering cheaper and more secure way of doing business

December 2, 2019

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By Duncan Mlanjira Digital financial transactions service is offering cheaper and more secure way to do financial and research has shown that this blockchain service can help financial institutions generate savings of up to $27 billion by year 2030. This was said by Wisely Phiri, group managing director and founder of Malawi’s information and communications and technology (ICT) company, SPARC Systems Limited, in his public lecture delivered at Carnegie Mellon University Africa (CMU-Africa) in Kigali, Rwanda on Thursday, October 28….

SPARC Systems’ Wisely Phiri amongst guest speakers at Kagame’s newly-inaugurated top global university

November 26, 2019

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By Duncan Mlanjira Wisely Phiri, group managing director and founder of Malawi’s information and communications and technology (ICT) company, SPARC Systems Limited, will be amongst high profile professionals on Thursday, November 28, who will deliver public lectures at Carnegie Mellon University Africa (CMU-Africa) that has been built in Kigali, Rwanda and was inaugurated by President Paul Kagame last week. According to its website, CMU-Africa, established in 2011, is the only U.S. research university offering its master’s degrees with…

Airtel awards top staff performers; an all expense trip to Blue Zebra Island lodge in Salima

November 25, 2019

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By Duncan Mlanjira As one way of motivating high standards of performance, leading telecoms network provider, Airtel Malawi, awarded eight of its staff over the weekend for a retreat at Blue Zebra Island lodge in Salima together with Managing Director Charles Kamoto. A statement from Airtel says the reward is for their excellent work in the past 2019 financial year. The trip, dubbed the ‘MDs Retreat’ now in its 4th year, recognizes and rewards individuals who have performed exceptionally…

SA finance minister suggests closing down national airline

November 22, 2019

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By Unathi Nkanjeni, timesLIVE.co.za South Africa’s finance minister, Tito Mboweni has suggested that it would be better to close down South African Airways (SAA) and start a new airline. SAA’s financial problems are at the centre of conversations in South Africa and continue to make headlines. Speaking on Power 98.7, Mboweni said: “It unlikely that this would be sorted out, so my view is to close SAA down. “Close it down and start a new airline. All together, invite…

Department of parks signs MoU with Kasungu communities

November 22, 2019

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By Yankho Phiri, MANA The Department of National Parks and Wildlife has signed a Memorandum of Understanding (MoU) with Kasungu communities surrounding Kasungu National Park to encourage them to help in curbing poaching. Speaking on Sunday after signing the MoU with Kasungu Wildlife Conservation for Community Development (KAWICCODA), Director of National Parks and Wildlife, Brighton Kumchedwa said the department has noted that foreigners entice the local people to be poaching for them. He said the department had embarked on…

President Mutharika acknowledges Malawi has always been good at planning but implementation has often been the problem

November 21, 2019

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By Duncan Mlanjira President Arthur Peter Mutharika (APM) has acknowledged that Malawi has always been good at planning but implementation has often been the problem. He said this when he had an audience with the country’s the National Planning Commission on Thursday at Kamuzu Palace where the President recalled an earlier meet he had with the Commission during the visit of Professor Paul Collier. “But today, we are meeting with a more focused mission as we define our national…