Business – Page 8 – Maravi Express – Your Kind of News. Clear and accurate.

Illovo Sugar Malawi acts swiftly to build a vital pedestrian passage at washed away bridge between Bereu and Nchalo in Lower Shire

March 21, 2026

* The M1 Road to Nsanje was cut off at Sekeni after its bridge’s culverts were washed away by heavy waterfall from incessant rains in the past week * Illovo Sugar’s Nchalo Estate swiftly reacted by building a pedestrian Bailey bridge which residents profoundly applauded for By Duncan Mlanjira Within 24 hours after a bridge at Sekeni along the M1 Road to Nsanje was washed away due the incessant rains in the past week that has cut off motor…

ESAMI reaffirms ties with Malawi Parliament

March 21, 2026

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* Parliament is very important to ESAMI — it is a key partner in the democratisation process and public accountability * We appreciate the partnership through the staff trained at ESAMI and the support we receive from the Parliament of Malawi By Duncan Mlanjira Dr Peter Kiuluku, Director General of the Eastern and Southern African Management Institute (ESAMI) — the Pan-African management development centre owned by 10 eastern and southern African countries — paid a courtesy call on the…

Information Minister Namalomba attests to that ESCOM laying solid internet connectivity highway through its Optic Fibre Communications department

March 20, 2026

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* The over 7,000km of fibre across ESCOM’s power supply lines is towards making Malawi an inclusive digitally connected nation * Which is President Arthur Peter Mutharika’s agenda as contained in his State of the Nation Address in Parliament * Directing that all Ministries, Departments and Agencies (MDAs) should embrace digital technology to ensure that Malawi’s economy is driven by digital technologies By Duncan Mlanjira After his visit to appreciate progress of technological services being undertaken by ESCOM Limited…

A reflection on Parliamentary Public Accounts Committee oversight

March 20, 2026

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* Shortcomings from PAC’s inquiry seating yesterday point to a broader need for capacity strengthening within parliamentary committees Analysis by Chifipa Mhango, Chief Economist, Don Consultancy Group The effectiveness of parliamentary oversight rests not only on institutional authority, but on the quality of engagement between Members of Parliament (MPs) and those called to account. Yesterday’s sitting of Malawi’s Public Accounts Committee (PAC), in its interaction with witness, Prince Kapondamgaga (former Chief of Staff to ex-President Dr Lazarus Chakwera), unfortunately…

Former State House Chief of Staff, Prince Kapondamgaga denies role in PSPTF purchase of Amallyris Hotel

March 20, 2026

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* He was already in Mzuzu on official duties accompanying former President Lazarus Chakwera, and only attended the meeting at the invitation of the then Secretary to the President & Cabinet (SPC), Colleen Zamba * His role during the meeting was limited to that of an observer, assisting the Office of the President & Cabinet (OPC) in understanding the operations and governance of the Public Service Pension Trust Fund By Innocent Manda, Patience Longwe & Pickson Chipeso Former State…

Standard Bank invests K66 million in parastatal board members governance capacity building

March 17, 2026

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* Our support for this orientation reflects our purpose of driving Malawi’s growth and underscores our commitment to partnering with government institutions in building effective and future‑ready leadership—Head of Brand & Marketing, Tamanda Ng’ombe Maravi Express Standard Bank Plc has contributed K66 million towards the Parastatal Board Members Orientation Programme, reaffirming the bank’s dedication to strengthening governance, leadership, and accountability within Malawi’s public sector. The sponsorship will support the induction of board members across various statutory corporations, equipping them…

Controversial Amaryliss Hotel purchase continues to unearth more revelations; MRA involved in facilitating duty-free on its construction materials

March 17, 2026

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* As civil servants, as the strongest stakeholders in the Fund, threaten to hold vigils at offices and homes of the PSPTF Board of Trustees By Duncan Mlanjira Malawi Revenue Authority (MRA) granted Yusuf Investments Ltd duty waivers on some of the imported construction materials for Amaryliss Hotel in 2016, indicates a document, MRA/CE/TECH/CPC 445, that is circulating on social media. It was issued by Commissioner-Customs and Excise, Fatch Valeta on October 31 2016 having being approved by the…

Agriculture census report key to boosting farm production

March 17, 2026

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* Contains critical data that can guide decision-making and help stakeholders address challenges affecting agricultural productivity in the country * Irrigation farming accounts for only 2.2% of the total land used during the agricultural season — with the Southern Region accounting for 1.2% * Followed by the Central Region with 0.8% and the Northern Region with 0.3% while the watering can remain the most common irrigation method, accounting for about 68% By Prisca Promise Mashushu, MANA Minister of Agriculture,…

PAC to subpoena Attorney General to appear before it at 17h30 on Wednesday, March 18

March 16, 2026

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Attorney General Frank Farouk Mbeta * After failing to attend the meeting due to other commitments and requesting the Committee to set another date * As PAC continues probing key stakeholders on the purchase of the Amallyris Hotel for K128 billion by Public Service Pension Trust Fund (PSPTF) By Innocent Manda, MANA The Public Accounts Committee (PAC) of Parliament has asked Parliament’s legal team to subpoena the Attorney General (AG), Frank Farouq Mbeta to appear before it at 17h30…

Yusuf Investments Ltd first demanded K185 billion for Amaryllis Hotel sale

March 15, 2026

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* PSPTF Board of Trustees counter offered at K110 billion but the owners reduced to K160 billion before getting to K150 billion * When the PSPTF went to K123 billion, the two parties finally agreed at K128.75 billion — that is to have K132 billion minus K123 billion then divided by 2 “so that either party loses some sort” By Duncan Mlanjira The sale of Amaryllis Hotel continues with more ridiculous contract negotiations. During its sale agreement signing between…