Business – Page 64 – Maravi Express – Your Kind of News. Clear and accurate.

Trade Ministry, CFTC warn against not displaying prices of goods on shop shelves

February 18, 2025

* Reminds it is a violation of the Competition and Fair-Trading Act (CFTA) under Section 51(n) * Violation of the CFTA may be sanctioned by, among others, a fine of up to 10% of total gross annual By Duncan Mlanjira Due to the escalation of the country’s inflation, most traders are increasing prices of most basic household commodities while at the same time not displaying the prices on their shops’ shoves. Thus having take note of the upsurge…

Are Malawians happier under President Chakwera’s leadership than they were in 2020?

February 18, 2025

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* Asks Leader of Opposition George Chaponda as he rips apart Chakwera’s SONA describing it as campaign speech full of lies * Inflation rate in 2020 was 9% while today, it is over 33%; interest rate was 12% now at 35% * Foreign exchange rate was MK750 against the US$ in 2020 and today it is about MK1,800 in banks while it is over MK5,000 in parallel markets * Fertilizer prices was MK17,000 now at MK130,000; 50kg bag of maize…

‘Feasibility studies and procurement processes underway to expand fuel storage capacity from 60 million litres to 120 million’

February 16, 2025

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* Pledges Chakwera in his State of the Nation Address during the opening of the 2025-2026 budget session of Parliament * NOCMA manages 25 million litres reservoir at Blantyre’s Matindi depot; a further 25 million litres at Kanengo in Lilongwe and 10 million in Mzuzu By Duncan Mlanjira To enhance fuel supply security, the Government is expanding fuel storage capacity from 60 million litres to 120 million, pledged President Lazarus Chakwera in his State of the Nation Address (SONA)…

President Chakwera’s district by district development achievements of 1,684 days in office

February 15, 2025

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* I believe that I am at peace with God and I have enough trust in the Malawian people that they are fair-minded enough to judge my performance as President by what I have done * Not by what other politicians say about me or by the disasters that have befallen us as a nation and subjected us to a season of pain that we must have the strength to endure and overcome, and I believe that overcome we…

Chitipa to become a major corridor for trade between Malawi, Tanzania and Zambia—Chakwera

February 15, 2025

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* So, to the 86,000 registered voters in Chitipa, I say this: Be ready to hear other parties this year offering to take Chitipa backward * But remember that the reason I am here is to continue taking your development forward * As he celebrates four years of administrative achievements in his State of the Nation address in Parliament By Aliko Munde, Priscilla Phiri & Sheminah Nkhoma, MANA President Lazarus Chakwera says he plans to see Chitipa become a…

Illovo Sugar Malawi defends its socio-economic development investment after shareholders bemoan it contributes towards low dividend payout

February 14, 2025

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* From the results, the shareholders are expected to receive K5 per share, which is down from K29 per share that was given out in same period of FY2023 * Which was not warmly welcomed by the investors as they deemed Illovo was spending more than they benefit from dividends * However, Illovo management emphasised that it could not afford to see people suffering during hard economic times when its business was to thrive By Duncan Mlanjira From the…

Alama Consultancy’s February 21 CEOs summit set to address urgent business challenges in Malawi’s evolving market landscape

February 13, 2025

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Alama Consultancy CEO, Olive Kawelama, a leading expert in integrating ESG strategies into business operations and driving sustainability initiatives * To highlight why integrating ESG principles, beyond mere compliance, is essential for business success in Malawi * The event will encourage CEOs to take the lead, not only in meeting compliance requirements but in shaping a sustainable future * For their organisations and for Malawi’s competitiveness on the global stage By Duncan Mlanjira Newly-founded Alama Consultancy — in partnership…

Aggrieved Malawian demands K300 million compensation from Immigration Department for being issued passport that led to his deportation in Israel

February 13, 2025

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* Thengo was told by the Israeli Immigration officers that his passport was ‘fake’ as it could not read in their system * Consequently, he was denied entry into the State of Israel on account of the fake passport issued by the Immigration Department By Duncan Mlanjira Stevens Prince Thengo has sued the Department of Immigration & Citizenship Services, demanding K300 million compensation for breach of statutory duty, false imprisonment, humiliation, mental anguish and reimbursement of expenses. According to a…

AACC anti-corruption ambassador in Malawi Rev. Maulidi reiterates call for government to protect corruption whistleblowers like lawyer Kamangila

February 12, 2025

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* As Justice Kenan Manda vs Alexious Kamangila defamation mediation case started today in judge’s chamber * Kamangila was supposed to be protected right from the beginning in whatever way as a whistleblower to corruption By Duncan Mlanjira As the mediation of the defamation case between High Court Judge, Justice Kenan Manda and private practice lawyer, Alexious Kamangila got underway today, All Africa Conference of Churches (AACC) economic justice & accountability champion in Malawi, Rev. Baxton Maulidi maintains the call…

Justice Howard Pemba’s discharge of judicial review of thin plastics ban puts an end for good for any other litigation

February 11, 2025

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* The failure by the plastics companies to bring all issues together in one plate, pretty much points to some kind of abuse of the court process by the producers * This Court is not in the habit of condoning such judicial malpractice — that has to be put to stop now * There should be an end to litigation and this is one such kind—says the Lilongwe High Court January 31, 2025 ruling By Duncan Mlanjira The ban…