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

NICO Holdings sponsors K1.5m for Malawi Insurance Institute annual charter dinner

February 26, 2020

By Duncan Mlanjira As a gesture of solidarity, the country’s leading financial service provider, NICO Holdings has sponsored K1.5 million towards the successful hosting of the annual charter dinner where Insurance Institute of Malawi (IIM) awards students who have completed their studies in insurance. The charter dinner will be held on Saturday, February 29 at Mount Soche Hotel in Blantyre where the members are also going to usher in a new committee. The cheque presentation was done by NICO…

Airtel share price goes up by 44% on day of listing

February 25, 2020

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By Duncan Mlanjira Airtel Malawi officially listed on Malawi Stock Exchange on Monday February 24, 2020 and by close of business its shares had gone up by 44 percent from the K12.69 that was offered through the Initial Public Offer (IPO) to K17.99 per share. This was disclosed on Monday evening at a cocktail held at Mount Soche Hotel in Blantyre to celebrate the official listing with various clients and stakeholders where Airtel Malawi’s Managing Director Charles Kamoto its…

Lilongwe’s Sana Food Court back in business and better — management

February 21, 2020

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By Duncan Mlanjira Sana Food Court in Lilongwe assures the general public that its closure last month by Tourism and Hotels Board was not fully due to the allegations leveled against it that it was failing to completely comply with all required standards but just minimum ones that were rectified within two days. Manager Ali Muhammad said just two days after closure, the authorities gave the popular restaurant in the Capital City the go ahead to be reopened…

NICO Life, NBS Bank join hands with newly-launched Polytechnic Student Society of Banking and Finance

February 21, 2020

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By Duncan Mlanjira NICO Life and NBS Bank on Friday were among the guests gracing the official launch of the Student Society of Banking and Finance at the Polytechnic in Blantyre as a gesture of solidarity to foster a lasting partnership towards Banking and Finance degree programme. Banking and Finance was initiated at the Polytechnic over three years ago and now that it has settled well, the students themselves decided to establish the society with intent of connecting well…

National Planning Commission to officially launch consultation processes for developing the successor to Vision 2020

February 20, 2020

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By Duncan Mlanjira National Planning Commission has come up with a successor to Vision 2020, which will define the common aspirations of all Malawians moving forward and is expected to be officially launched by President Prof. Arthur Peter Mutharika on February 28 at the COMESA International Conference Centre in Blantyre. A statement from National Planning Commission, whose Director General is Dr. Thomas Chataghalala Munthali, says the Right Honourable Speaker of Parliament and His Honour the Chief Justice, representing the…

MEC’s auditors fined K3.8m by Malawi Chartered Accountants Institute for serious misconduct in the May 21 elections

February 19, 2020

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By Duncan Mlanjira Institute of Chartered Accountants (ICAM) has found BDO Chartered Accountants (Malawi) guilty of four counts of serious misconduct in its operations as the retained auditor in the Tripartite Elections held on 21 May, 2019 and has since been fined with K3.8 million. In the verdict released on February 17, ICAM had been investigating the conduct of BDO Chartered Accountants (Malawi) during the controversial elections following the allegations of professional misconduct that ICAM received from Malawi Congress Party and a Concerned Citizen. The charges…

World Vision Malawi calls for organized partnership with private sector towards meaningful social responsibility projects

February 19, 2020

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By Duncan Mlanjira In its aim at making a measurable contribution in improving the well-being of underprivileged children and communities, World Vision Malawi engaged with the private sector on Tuesday to impress on it on how the future of these children can be secured through strong collaborative effort. At the engagement dinner at Mount Soche Hotel in Blantyre that attracted top executives from the corporate world, World Vision’s National Director Hazel Nyathi said partnership is at the heart of…

Charcoal vendors need to be empowered with alternative source of economic livelihood

February 12, 2020

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By Duncan Mlanjira Most parts of the country, especially the rural areas, are bare of trees because they are being rampantly cut down and converted into charcoal wood fuel and to curb this social ill, there a need to find alternative ways to economically empower people who depend on this thriving charcoal business. This was said by non-governmental organization (NGO), Go Green’s national coordinator Lawrence Kafere at a tree planting exercise it organised in conjunction with Electricity Supply Commission…

Prophet Bushiri pledges to sell 50kg bag of maize at K5,000

February 11, 2020

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By Duncan Mlanjira South Africa-based Prophet Shepherd Bushiri, leader of Enlightened Christian Gathering (ECG) church, has pledged to be selling maize at K5,000 per 50kg bag as one of his ways to alleviate his compatriots economic challenges they face in the rural areas. In a statement he made on Zodiak Broadcasting Station on Tuesday, Bushiri said the exercise will start with markets in Ntcheu, then Salima, Chikwawa, Karonga, Chitipa and Phalombe. “We will make sure that we reach every…

Government says thin plastic ban still in force

February 11, 2020

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By Glory Msowoya, MANA Government, through the Ministry of Natural Resources, Energy and Mining has developed a strategy which will guide the implementation of a ban on thin plastics which will require about US$302,072 (an equivalent of K225 million). In August last year, Supreme Court of Appeal gave government an order to implement the ban following an appeal by the plastics industry on grounds that they were not properly consulted on the implications of the ban and the harm…