Business – Page 75 – Maravi Express – Your Kind of News. Clear and accurate.

Kabambe unveils grave concerns being advocated by Lower Shire activist Khumbanyiwa over complete abandonment of road infrastructure

December 9, 2024

* It is truly disheartening to witness the dedication of a young advocate, who spent eight hours articulating the pressing issues faced in her home area, only to be met with indifference from the Roads Authority * Despite her efforts to bring her community’s concerns to light and submit a petition for change, her voice was overlooked and dismissed By Duncan Mlanjira The 2025 Presidential elections candidate, UTM Party leader, Dalitso Kabambe came across a public awareness video made…

Standard Bank in Blue Weekend shopper rewards frenzy

December 9, 2024

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| Business, News

* The promotion commenced in Lilongwe on Saturday, December 7 to run till December 21 * To be eligible, shoppers need to spend a minimum amount of K30,000 and then they will automatically enter the draw Maravi Express Standard Bank Plc has launched its festive season shoppers’ promotion, the Blue Weekend activations, which will reward debit and credit card holders in Blantyre and Lilongwe with various buy-back vouchers and branded gifts. The promotion commenced in Lilongwe on Saturday, December…

‘Middlemen in open tender system in fuel supply chain add additional costs thereby making fuel price expensive price’

December 8, 2024

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| Business, International, National, News

President Chakwera in Abu Dhabi for Government-to-Government fuel transactions * As Energy Minister Ibrahim Matola is optimistic of sustainable fuel supply following negotiations with United Arab Emirates * The President’s visit to United Arab Emirates will go a long way in materialising a policy shift in fuel procurement * However, we are not abandoning the open tender procurement system as we embark on Government-to-Government fuel transactions By George Bulombola, MANA in Abu Dhabi, United Arab Emirates Minister of Energy,…

RBM orders maximum foreign currency withdrawals for diplomatic offices and staff

December 6, 2024

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| Business, News

* Diplomatic offices shall be allowed withdrawal of forex to a minimum of US$15,000 or equivalent thereof in any foreign currency per calendar month for operations * For the ambassadors and consuls is a maximum of US$3,000 or equivalent thereof in any foreign currency per calendar month By Duncan Mlanjira On November 13, 2024, the Reserve Bank Governor, William T. Banda issued orders to authorised dealer banks (ADBs) in which diplomatic offices and their staff can only making maximum…

Standard Bank’s entrepreneur support initiative continues to empower women in agribusiness

December 6, 2024

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| Agriculture, Business, News

The overall winner Mercy Esau flanked by Tverdun (right), Chipande (2nd left) and GIZ official * Phuka Incubator is a Standard Bank-led initiative in partnership with GIZ, Winrock International and the US Department of Agriculture * We committed to supporting women entrepreneurs, particularly in sectors critical to the economy * Agriculture plays a vital role in our nation’s growth, and women have the power to revolutionise this industry By Duncan Mlanjira Women in agribusiness are critical to the economy’s…

VAT waiver removed on motor vehicle imports for privileged individuals including the President

December 6, 2024

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| Business, National, News

* The President has guided that we all make our fair contribution towards revenue that government needs at the moment * The removal of the VAT waiver is a sacrifice and a clear testimony to the commitment to fiscal consolidation for the betterment of all Malawians By Austin Kananji & Martha Rukunya, MANA The value added tax (VAT) waiver on duty-free motor vehicle imports which was being enjoyed by some privileged individuals, including the State President, the Vice-President, retired…

This year’s theme for World Competition Day specifically focuses on lowly developed markets including Malawi—CFTC

December 5, 2024

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| Business, International, National, News

* Micro, small, medium and micro enterprises (MSMEs) face barriers to entry due to some inequalities and anti-competitive trade practices * These include anti-competitive agreements and abuse of dominant positions among others, culminating into serious consequences for their development By Duncan Mlanjira The theme for this year’s World Competition Day; ‘Competition Policy and Inequality’, which is being commemorated today, November 5, is “very relevant as it specifically focuses on lowly developed markets including Malawi”. This is said by Chief…

Malawi launches national e-waste management policy to protect citizenry from harmful e-waste pollution and other health issues

December 5, 2024

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| Business, Health, National, News

The launch at BICC in Lilongwe presided over by Vice-President Michael Usi * e-waste management policy is a crucial step steps toward a cleaner and healthier environment for future generations—Veep Michael Usi * We are deeply committed to environmental sustainability and believes that addressing the growing problem of e-waste is a vital part of our collective responsibility—Standard Bank By Prisca Promise Mashushu, MANA The national e-waste management policy that the Ministry of Natural Resources & Climate Change has launched…

Roads Authority calls for bids for rehabilitation of Nasolo River Bridge in Ndirande Township

November 28, 2024

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| Business, National, News

* Ndirande Ring Road is a very important access road to the business hub of the populous Ndirande Township * Which covers from where it used to be known as B&C all the way to Ndirande Market * And past it to connect with business hub of Chinseu, all the way to reach Magalasi Road at Blantyre Girls Primary School By Duncan Mlanjira As if responding to plans by residents of Ndirande Township to march to Blantyre City Council…

CAMA once more lobbies for MERA to strictly follow the mandate of Automatic Pricing Mechanism on fuel

November 28, 2024

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| Business, Law Enforcement, National, News

The Automatic Pricing Mechanism that was being used before * MERA has one of the best mandates and laws in regulating the fuel market by ensuring that consumers are protected * By paying regulated fuel prices and that fuel importers are adequately compensated for their investments for fuel supply continuity By Duncan Mlanjira The Consumers Association of Malawi (CAMA) has once more lobbied that Malawi Energy Regulatory Authority (MERA) to strictly follow the mandate of Automatic Pricing Mechanism on fuel…