Business – Page 277 – Maravi Express – Your Kind of News. Clear and accurate.

FINCOOP SACCO on its way to full recovery; Posting surpluses on monthly basis

October 24, 2019

By Duncan Mlanjira FINCOOP was the biggest Savings & Credit Cooperatives (SACCO) in Malawi around 2010 in terms of membership, which was over 40,000 then and assets of over K600 million, but due to high delinquency through agricultural loans, FINCOOP almost collapsed with members going down to less than 6,000 and assets written off to almost half. However, through the network of SACCOs under Malawi Union of Savings & Credit Cooperatives (MUSCCO), FINCOOP was given a stabilisation fund to…

Airlink plane crash lands at Likoma Airport

October 24, 2019

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By Duncan Mlanjira An Airlink Cessna C210 aircraft carrying 2 passengers from Lilongwe overshot the runway at Likoma Island at around 10:30am on Thursday but both passengers, Electricity Generation Company (Egenco) officials and the pilot did not sustain any serious injuries. A swift response in a form of a press statement from Airlink says the pilot was taken to the Likoma Island St. Peter’s Hospital for medical assessment after experiencing a minor head abrasion and has since been discharged….

Ace wildlife photographer Ismail Shariff predicts good times for Wildlife Conservation in Malawi

October 23, 2019

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Ismail Shariff, who visited Kazakhstan for a conference on Snow Leopard recently, pours out his heart to Dr. Ahmed Mohiuddin Siddiqui about the efforts needed to conserve wildlife on the planet earth. Hyderabad, the southern Indian city is not just popular for Charminar, Biryani, Mohammed Azharuddin, Sania Mirza, Saina Nehwal and P. V Sindhu but Hyderabad is also famous for internationally acclaimed wildlife photographer Ismail Shariff. In this candid conversation for The Maravi Express, Ismail Shariff exhibits his passion…

Malawi Builders Network forms housing investment cooperative company

October 23, 2019

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By Duncan Mlanjira A new cooperative organization that was formed by Malawians living in the diaspora by a group of professionals, entrepreneurs and those interested in building and infrastructure development and general development of Malawi, has hit the ground running in just a year since it got registered. Named the Housing Investment and Development Cooperative Society Ltd (HIDCO), it currently has a total assets portfolio of almost K20 million, most of it collected in the last six months, as…

TNM CEO inspires youths to go for digital financial services

October 23, 2019

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By Duncan Mlanjira Malawi has enormous potential to grow its digital economy as more people are shifting their habits towards Internet and consumption of digital financial service, TNM Chief Executive Officer Michiel Buitelaar told students of Catholic University where he delivered a public lecture. Entitled ‘Marketing = Science’, the lecture outlined the fundamentals of digital marketing in the context of Malawi’s economic environment. “While Internet usage in this country is still relatively low, most Malawians are not different as…

Multiple airlines in South Africa forced to ground aircraft

October 22, 2019

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By simplerlying.com Regulators in South Africa have forced some carriers in the region to ground parts of their fleet. The move has come after an audit conducted by maintenance firm South African Airways Technical. Two of the carriers that have been impacted by the order are South African Airways (SAA) and Comair. Flight Global reports air that the regulators took action on the firms after irregular findings. In response, South African Airways has been preparing to operate an…

Former MUSCCO CEO late Kadzola described as national treasure

October 22, 2019

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By Duncan Mlanjira Savings & Credit Cooperatives (SACCO) movement is now a thriving financial service provider and is making huge positive contributions to ordinary people’s economic lives and all this have been attributed to former chief executive officer for Malawi Union of Savings & Credit Cooperatives (MUSCCO), late Sylvester Kadzola. He passed away last Friday October 18 after a long illness and buried on Sunday October 20 at his home village in Mponela, Dowa District. He has been described…

Truck drivers threaten to close access road to Lilongwe at Mkhumbe

October 22, 2019

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By Duncan Mlanjira A social media traffic update is alerting motorists that the M1 Road to Lilongwe might be closed on Wednesday to all traffic at GDC offices at Nkhumbe where truck drivers have parked their trucks on both sides of the road as a strike demanding pay rise. At this spot the drivers are forcing every passing truck to join in the striker and rumors and the reports on social media claim that even buses and minibuses will…

Young Women Entrepreneurs urged to be competent in order to be counted as worthy

October 19, 2019

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By Duncan Mlanjira Young Women Entrepreneurs were urged not to be in the shadows but come out in the light and be counted as worthy to do business with. “You can only be counted as worthy if you are competent and humble,” said experienced entrepreneur Doreen Chanje at a brunch at Ryalls Hotel in Blantyre which Malawi’s giant financial service provider, NICO Group hosted on Friday for the Young Women Entrepreneurs which provided a platform for the women to…

West African countries choose new single trade currency

October 16, 2019

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By Aisha Salaudeen, CNN As part of its plans to make Africa a more integrated continent, leaders of the Economic Community of West African States (ECOWAS) have adopted the name ‘ECO’ for a planned single to be used in the region. The 15 member group announced at the end of an ECOWAS summit in Abuja, Nigeria’s capital recently. Six member countries, including Nigeria, Liberia and Ghana, could be swapping their currencies for the new one – the ECO. Eight…