Business – Page 276 – Maravi Express – Your Kind of News. Clear and accurate.

FDH Bank’s William Mpinganjira urges financial institutions to go digital

November 3, 2019

By Duncan Mlanjira Commercial banks in the country have been challenged to prioritise digital financial services if they are to remain relevant on the market. The call was made by FDH Bank Acting Managing Director, William Mpinganjira during a Wealth Creation Forum held in Blantyre recently where he said mobile banking is becoming acceptable by consumers, hence, the need for banks to embrace it to the fullest. “Reserve Bank of Malawi records show that three million people have…

Canadian cooperator applauds Dzonzi for cementing formation of Police SACCO

November 3, 2019

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By Duncan Mlanjira Canadian cooperator Karen McBride, who is raising awareness for Malawian charity Women at Heart Foundation, has praised former Inspector General Lot Thauzeni Pansipadana Dzonzi for his role that cemented the establishment of a Police Savings & Credit Cooperative (SACCO) way back in 2013-14. Dzonzi retired as Deputy Permanent Representative/Deputy Ambassador of Malawi to the United Nations after he attained the mandatory age of 60 years on 14th of January, 2019. The retirement came after 32…

Housing Investment Cooperative to reward newly-joined members

November 3, 2019

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By Duncan Mlanjira Housing Investment and Development Cooperative Society Ltd (HIDCO), that was registered just last year but was actively operational this year, has been running a promotion campaign enticing members to join and will hold the promotion’s draw between November 4-8. Chairperson Robert Mbeza said the promotion, named ‘Ndalowa Nawo’, started as soon as HIDCO became actively operational early this year and the first phase ended on Thursday, October 31. “We are planning to film the draw…

People implore Road Traffic Directorate to vet big bus driver’s licenses before being employed

November 2, 2019

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By Duncan Mlanjira Following continued occurrences of accidents on the roads of Malawi involving big buses, some members of the general public are asking if the Road Traffic Directorate should be advising bus companies to be liaising with the Directorate whenever they are employing new bus drivers. This follows the accident that happened in the early hours of Saturday morning around Nkhamenya in Kasungu District involving one of the newly-acquired Malawi Post Corporation (MPC) coaches, which has claimed…

US suspends tobacco imports from Malawi over forced child labor allegations

November 2, 2019

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By Geneva Sands, CNN The United States on Friday suspended imports of all tobacco and tobacco products from Malawi for alleged forced labor practices — including child labor. Customs and Border Protection, which holds the authority to detain imports, has recently ramped up its efforts to hold companies and suppliers accountable for forced labor practices. The agency issued a “Withhold Release Order” on tobacco from Malawi on Friday, allowing it to detain goods believed to have been produced…

Airtel in sensitization drive to help people from being defrauded through digital mobile money services

November 1, 2019

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By Duncan Mlanjira With the growing cases of people being robbed through syndicate of fraudsters who are swindling people through mobile money digital system, Malawi’s mobile phone service provider Airtel is on a sensitization drive people not to entertain callers claiming they are from Airtel. Some people call unsuspecting people informing them that they have either won a promotion competition that Airtel had conducted or that they have erroneously sent money to their Airtel Money account. When called…

People warn each other on recurring syndicate of fraudsters using mobile digital system to swindle people

November 1, 2019

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By Duncan Mlanjira People are warning each other on social media that there is a syndicate of fraudsters who are swindling people through mobile money digital system and it is suspected the culprits operate within prison walls. According to sources that Nyasa Times has talked to, the crooks are very cunning in that they call when least expected, saying they were calling from TNM or Airtel for Know Your Customer (KYC) updates and they ask people to open…

Malawi’s company SPARC Systems part of Rwanda’s ICT success

October 31, 2019

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By Duncan Mlanjira Malawi’s information and communications and technology (ICT) company, Sparc Systems Limited, is making inroads to Rwanda’s market where it has unveiled a wide range of innovative products that will help support their client business across the country. According to a report by https://en.igihe.com, Sparc Systems Limited Group Managing Director Mr. Wisely Phiri held a customer interaction cocktail at Kigali Serena Hotel which was attended by business captains in Rwanda where he presented a number of products which…

NICO Group applauds role played by Malawi media in highlighting its innovative services for the public

October 31, 2019

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By Duncan Mlanjira NICO Group has applauded the Malawi media for its role it plays in highlighting its innovative financial services for the public and that’s why it offers a scholarship to one journalist to attend a training course in South Africa in investigative business reporting. Speaking on Wednesday at their head office at Chibisa House in Blantyre, NICO Group’s Head of Marketing & Communication, Lorraine Phiri said they have been awarding this scholarship in conjunction with their South…

Malawi elected 2nd vice-chairperson of AU Specialised Technical Committee on ICT

October 26, 2019

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By Duncan Mlanjira Malawi has replaced South Africa as the 2nd Vice-Chairperson of the Africa Union Specialized Technical Committee (STC) on Communication and Information Technology (ICT) during the third Ordinary Session held from October 22-25 in Sharm El Sheikh in the Arab Republic of Egypt. Minister of Information, ICT and Cvic Education, Mark Botomani, represented the Malawi at the conference which called on all AU member countries to build consensus on integrated connectivity roadmap, establish a continental cyber security…