Business – Page 3 – Maravi Express – Your Kind of News. Clear and accurate.

‘The President’s directive for MEC to relocate to Blantyre does not impede on its constitutional mandate’

June 2, 2026

* It simply addresses where the institution should be housed and the utilisation of public assets * It does not instruct MEC on how to register voters, conduct elections, count votes, or announce results * MEC’s independence resides in its mandate, not in its postcode. Changing an office address is administrative By Duncan Mlanjira The case of Malawi Electoral Commission (MEC) in which it is challenging the constitutionality and legality of the Presidential Executive Order to relocate to Blantyre…

Global payments company PayPal expands digital PYUSD stablecoin to 26 African countries including Malawi

June 1, 2026

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| Business, International, News

* Bringing PYUSD to Africa is about delivering tangible value to the people and businesses driving growth in these dynamic markets * Consumers gain a flexible, stable way to move funds faster, while businesses can streamline cross-border payments, improve settlement times and unlock new opportunities for growth By Duncan Mlanjira The global payments company, PayPal has announced that is has expanded access to its PayPal USD (PYUSD) stablecoin to 26 other African countries including Malawi to make cross-border payments…

Government negotiating a partnership agreement with National Bank of Malawi to operate shipping services on Lake Malawi

June 1, 2026

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| Business, National, News

* A holistic approach has been adopted to ensure that all ports and vessels are modernised while at the same time promoting effective administrative structures that foster growth of water transport. * Government intends to resuscitate the Malawi Lake Services Limited as a primary administrative authority to lead the efforts and establishing Rail and Marine Regulatory Authority of Malawi to strengthen the oversight and regulation of rail and marine sub-sectors By Denis Mzembe, contributor In its efforts to revitalise…

NBS Bank launches ‘Kwakoma ndi ku NBS Bank’ customer reward promotion whose grand prize in December is an electric vehicle pick-up truck

June 1, 2026

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| Business, News

* The campaign designed to encourage a stronger savings culture among Malawians while rewarding customers for building positive financial habits * Every day, we serve customers who are working hard to build better lives for themselves and their families—Chief Operating Officer, Shadrick Chikusilo By Duncan Mlanjira On top of national monthly cash rewards and branch-level grand prizes, a lucky NBS Bank customer will drive away an electric vehicle pick-up truck as a national grand prize in December through the…

MEC’s Election Management Device nominated for ICTAM ‘Digital Public Service Award’

May 31, 2026

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| Business, News

* Along with MRA’s Msonkho Online & Electronic Invoicing System (EIS) portals; PPDA’s Malawi National Electronic Procurement System; Dept. of Registrar General’s Malawi Business Registration System * As well as NRB’s National Registration & Identification System and Bomalathu, the National Data Exchange Platform By Duncan Mlanjira The Election Management Device (EMD), the electronic VIU 300 tablet that powers the electoral management system of the Malawi Electoral Commission (MEC), has been nominated for ICT Association of Malawi (ICTAM) ‘Digital Public…

RBM introduces mandatory insurance policies

May 31, 2026

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| Business, Law Enforcement, News

* Prior to the commencement of construction works, contractors shall be mandated to obtain insurance policies covering their liability in respect of third-party bodily injury, loss of life, or damage to proper arising from the works * All owners of buildings accessible to the public — including tenement houses, lodges, and hostels — shall ensure their premises against risks including building collapse, fire, and natural disasters By Duncan Mlanjira Following the repeal of the Insurance Act, 2010 — aimed…

Malawi Stock Exchange rejects collapse claims; describes market decline as temporary and normal correction

May 30, 2026

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| Business, National, News

MSE Chief Executive, John Robson Kamanga * During the year 2025, the market experienced exceptional growth, with the market reportedly registering a Return on Equity (ROE) of 247.5% — both in Kwacha and US Dollar terms — and got recognised as the best performing stock market in Africa By Duncan Mlanjira The Malawi Stock Exchange (MSE) has dismissed recent media reports suggesting that the country’s capital market is collapsing and could cease operations within the next year — describing…

Government’s statement on fuel challenges falls short of declaring it’s all due to forex scarcity

May 30, 2026

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| Business, National, News

* As alluded to by Energy Minister that government is strengthen financing mechanism for sustainable fuel procurement * The government is currently servicing over K1.3 trillion debt incurred through losses from subsidised pump prices in MCP administration Analysis by Duncan Mlanjira Long term structural reforms which the government has assured that they are being undertaken, aimed at tackling the continuing intermittent supply of fuel, include strengthening financing mechanism for sustainable fuel procurement — which in other words means foreign…

MEC chairperson Justice Mtalimanja implores on CUNIMA graduands to be thoughtful professionals, ethical leaders, responsible citizens and faithful servants of God and country

May 29, 2026

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| Business, Education, National, News

* As she graces the 25th graduation ceremony of the Catholic University of Malawi (CUNIMA)-Montfont Campus where a total of 1,704 students have been awarded degrees, diplomas and certificates in various programmes * Success in life depends on more than intelligence — it requires humility, discipline, hard work, ethics and integrity, emotional maturity, timing, faith, and perseverance By Duncan Mlanjira Malawi Electoral Commission (MEC) chairperson, Justice Annabel Mtalimanja has asked Catholic University of Malawi (CUNIMA) graduands to thrive for…

NBS Bank publishes its inaugural ‘Sustainability Report’ to enhance transparent and responsible banking

May 29, 2026

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| Business, News

* It reflects the Bank’s commitment to transparency, responsible banking, financial inclusion, climate resilience, and long-term value creation in Malawi * The report, available on the Bank’s website; www.nbs.mw, further outlines its continued investment in financial inclusion through the expansion of its ‘Banki Pafupi’ agency banking network * And the tailored financial solutions for underserved communities, women entrepreneurs, youth, and smallholder farmers By Duncan Mlanjira What has been described as a milestone to enhance transparent and responsible banking, NBS…