Business – Page 41 – Maravi Express – Your Kind of News. Clear and accurate.

MultiChoice Africa amplifying use of renewable energy as it sets itself the milestone goal of cutting carbon emissions by 20% by 2028

August 19, 2025

* It is already on track to reach the goals as it reduced Scope 1 carbon emissions by 25% from 2024 to 2025 – which is equivalent to 19,483 tonnes of carbon dioxide * Partners with Earthshot Prize Global Alliance that promotes environmental sustainability in Africa through prize winners receive £1 million each to develop ideas that address pressing environmental concerns By Duncan Mlanjira Africa’s most-loved storyteller, MultiChoice, is amplifying the use of renewable energy as it sets itself…

Mwanyali retains 21km Standard Bank Be More Race for the 3rd consecutive editions

August 17, 2025

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* Finishes in a time of 1:06:25hrs, failing to beat last year’s 1:06:00 and his own record he attained in 2023 edition of 1:05:45 * Women’s category identifies new champion Christina Mbewe in 1:21:35 beating the time set by last year’s champion Teleza Master of 1:24:22 * Teleza Master finished 5th in 1:24:26 as new runner-up is identified in Fostina Mbemba finishing in 1:22:59 By Duncan Mlanjira Civo Athletics Club’s Chikondi Mwanyali has retained the 21km Standard Bank Be…

Leveraging technology to unlock financial inclusion and economic mobility in Malawi

August 14, 2025

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* In Malawi, a portion of the population still faces challenges in accessing comprehensive financial services * According to the 2023 FinScope Consumer Survey, 88% of Malawian adults are considered financially included, meaning they have access to and actively use formal or informal financial products and services * This marks a major shift from 2014, when 51% of adults were financially excluded By Dumisani Kadango; Country Manager, TransUnion Malawi Financial inclusion has become one of the most critical building…

Chakwera-led administration threatens to flood the market with imported sugar to protect consumers over exorbitant prices

August 14, 2025

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* Minister of Trade & Industry, Vitumbiko Mumba urges Malawians to participate in Illovo Sugar Malawi’s resale tender * But the resale tender was announced on August 4 and closes tomorrow, August 11 — in which interested applicants are required to have a base working capital of K300 million minimum and K4 trillion maximum By Duncan Mlanjira Minister of Trade & Industry, Vitumbiko Mumba has threatened that if distributors of Illovo Sugar Malawi will continue hoarding sugar to create…

Government removes 10% surcharge on imported cement to curb rising prices

August 14, 2025

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* Lifts guided values on Zambian imports as supply agreements with Chilanga Cement Company and Sinoma Company will ensure adequate availability * The two Zambian companies will supply up to 300 tonnes of cement daily at reduced prices to stabilise the local market By Innocent Manda, MANA Minister of Trade & Industry, Vitumbiko Mumba has announced that Malawi Government’s new measures to curb rising cement prices by removing the 10% surcharge on imported cement and lifted guided values on…

Standard Bank Plc reports a profit after tax of MK48.4 billion for 2025 half year financial results

August 14, 2025

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* Representing a 14% increase from the previous year’s same period as total revenue is at MK153.9 billion, up by 37% * Earnings per share for the half year increased from MK180.31 in 2024 to MK205.93 in 2025 but in light of uncertain economic environment, the Board of Directors has resolved not to pay an interim dividend for the half-year results * Our continued growth reflects the trust of our customers, partners and stakeholders, and your belief in our…

Malawi Department of Immigration to receive first-ever marine patrol vessel from Japan

August 13, 2025

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* Immigration Patrol Vessel 001 (IPV) is part of the marine project designed to curb irregular migration along Malawi’s lakeshore ports of entry * It will also enhance efforts to combat human trafficking, smuggling, and other transnational crimes By Maryam Ibrahim, MANA The Department of Immigration & Citizenship Services is set to strengthen marine security with the arrival of its first-ever immigration patrol vessel, courtesy of the Government of Japan. The historic handover ceremony is scheduled for tomorrow, August…

133km Kasungu National Park perimeter fence completed

August 13, 2025

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* The Park — through Department of National Parks and Wildlife (DNPW) with support from International Fund for Animal Welfare (IFAW) — was in 2022 repopulated with 263 elephants * But part of perimeter boundary wasn’t fenced — allowing the animals to stray into human communities where they killed people and destroyed their crops * Thus courting controversy on the international media over the human-animal conflict — a matter that faced legal action in UK By Wanangwa Tembo, MANA &…

Malawi Government’s share of revenue from Kayelekera Uranium Mine in Karonga exceeds 50%; Including a 15% equity stake—Lotus Resources

August 13, 2025

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* 30% will come from corporate tax, 5% royalty on gross revenue, and other taxes as President Chakwera vows Malawi will benefit more from Kayelekera Mine * For a long time, the mine was underutilised and misused by politicians who denied us employment opportunities and infrastructure development By George Mponda, MANA Lotus Resources Chief Operating Officer, Mike de Costa, highlights that Malawi Government’s share of revenue from Kayelekera Uranium Mine in Karonga exceeds 50% — including a 15% equity…

1st round of TNM Super League 2025 rakes in K1.06 billion

August 12, 2025

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* Nyasa Big Bullets, Mighty Wanderers, Silver Strikers and Ekhaya FC are the top four clubs who have a bigger share from the gate revenue By Duncan Mlanjira Super League of Malawi (SULOM) has released revenue for the TNM Super League 2025 first round that has raked in K1.06 billion (1,064,184,626), which is an increase from K688.8 million (K689,298,100) in 2024 in the same period — representing a 54.39% increase. SULOM also reports that Nyasa Big Bullets, Mighty Wanderers,…