Business – Page 85 – Maravi Express – Your Kind of News. Clear and accurate.

CDHIB awarded Investment Bank of the Year in Malawi for the 11th time by UK’s Global Banking Magazine

September 19, 2024

* For its determination and various strides in investment banking and advisory that have contributed positively to economic growth * We are honored to have been recognised this year, as we endeavor to provide innovative banking solutions that empower many partners’ financial future By Duncan Mlanjira CDH Investment Bank (CDHIB) has once again been awarded the Investment Bank of the Year 2024 in Malawi by The Global Banking Magazine, a leading online and print magazine in the United Kingdom…

Airtel Malawi posts K21.331 billion as profit after tax for half year ended June 30, 2024

September 18, 2024

| No Comments

| Business, News

* This is an increase from restated profit K18.285 billion in the same period last year * Largely driven by the strong operating performance which contributed to a 25.9% increase in EBITDA By Duncan Mlanjira Airtel Malawi’s financial results for half year ended June 30, 2024 showcase strong revenue performance, customer base growth and sustained demand for data and voice that has translated into profit after tax of K21.331 billion. This is an increase from restated profit K18.285 billion…

Consumers urged to use recommended alternatives that are energy efficient, ozone and climate friendly

September 16, 2024

| No Comments

| Business, Education, International, National, News

* As Malawi joins the world in commemoration of International Day for the Protection of the Ozone Layer * The country joined the international community to fight for the protection of the ozone layer * By ratifying both the Vienna Convention and the Montreal Protocol in April 1992 By Duncan Mlanjira Consumers and end users of refrigerators have been asked to use the recommended alternatives that are energy efficient, ozone and climate friendly for the country to play its…

MultiChoice proud to be a catalyst for positive change in Malawi

September 15, 2024

| No Comments

| Business, Entertainment, News

MultiChoice Malawi Managing Director, Averes Ndhlovu-Chella * Through Raise Limited, MultiChoice Malawi started with a dream and a belief in the power of innovation * And has evolved from a small enterprise into a leading provider of premium entertainment in the country * Since inception in 1996, MultiChoice Malawi has pioneered the pay-tv industry in Malawi through the exciting world of entertainment that DStv, GOtv and Showmax bring to our homes By Duncan Mlanjira MultiChoice Malawi emphasises that it…

First phase of Shire Valley Transformation Programme expected to roll out around mid next year

September 15, 2024

| No Comments

| Agriculture, Business, News

* Shifted from December 2024 to mid 2025 due to changes in the construction of the intake at Kapichira Dam, which got washed away during Cyclone Ana in 2022 * Other challenges locking the programme include US$150 million deficit which has been presented to the Ministry of Finance Maravi Express The first phase of Shire Valley Transformation Programme (SVTP) is expected to roll out around mid next year benefiting Kambadwe and Mwana Alirenji farming cooperatives closer to the intake…

Malawi makes tremendous improvement on ITU Global Cybersecurity Index; Gaining 80% score from 36% in 2020

September 14, 2024

| No Comments

| Business, International, Law Enforcement, News

* Malawi has made significant progress in developing policies, legal frameworks, and technical measures to protect its digital infrastructure and citizen, international cooperation and capacity building * It reflects an increased awareness of cybersecurity issues and a proactive approach to addressing vulnerabilities * Which can lead to improved trust in digital services, better protection of sensitive information, and a more resilient economy—MACRA DG By Duncan Mlanjira Malawi has made tremendous improvement on International Telecommunication Union (ITU) Global Cybersecurity Index…

Malawi Housing Corporation expects to build 25,000-50,000 homes through partnership with Kuwaiti company

September 14, 2024

| No Comments

| Business, National, News

* Government envisions to construct 250,000 houses through different stakeholders * To address issues of growing demand for housing due to the population growth and urbanisation * And to achieve MW2063 development vision of transforming the nation into an inclusively wealthy and self-reliant nation By Elia Chibwe, MANA Malawi Housing Corporation (MHC) has disclosed that they expect to build 25,000 to 50,000 houses through their partnership with Al-Bader International Development Company of Kuwait. At the signing ceremony of a…

Banana wine brings sweet taste of success to Karonga farmers

September 14, 2024

| No Comments

| Agriculture, Business, News

* Extreme heat was causing bananas to ripen too quickly, resulting in heavy losses for Nkhana and many other farmers * It is not just about making wine — but also survival, resilience, and embracing the new possibilities that come with a changing climate Anne Okumu & Ashley Lime, BBC News in Karonga A small-scale farmer in northern Malawi, Emily Nkhana used to discard over-ripe bananas or just let them rot, but she has now found a profitable use…

2024/2025 season expected to be wetter than the previous season

September 13, 2024

| No Comments

| Agriculture, Business, National, News

* The rainfall season is generally predicted to start mid-November in southern Malawi districts * Such as Mulanje, Thyolo, Chiradzulu, Blantyre, Phalombe, Zomba and Mchinji * And spread to some districts during end November and early December Maravi Express The 2024/2025 season is expected to be wetter than the previous season with a high chance of normal to above normal rainfall amounts over most parts of the country. This is contained in a statement issued by the Department of…

Road Traffic Directorate confiscating motorcycles in Zomba for unlawful operations as taxis

September 13, 2024

| No Comments

| Business, Law Enforcement, National, News

* The exercise is very important and maybe our bosses can consider of registering the motorbikes—operator * Unlawful operators and unroadworthy motorcycles are agents of death-President of the Motorcycle Association * The honeymoon is over, officials have been engaging us for some time and it is about time for action By Emily M’mangisa, MANA The Directorate of Road Traffic & Safety Services (DRTSS) in Zomba has embarked on confiscation exercise of motor cycles operating unlawfully in the city as…