Category: Business

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…

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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…

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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…

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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…

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