Business – Page 87 – Maravi Express – Your Kind of News. Clear and accurate.

Airtel Africa Foundation unveils Airtel Africa Fellowship Programme to empower students at IIT Madras Zanzibar

September 11, 2024

| Business, Education, International, News

* It aims to support deserving students from diverse socio-economic backgrounds enrolled in the Bachelor of Science in data science and artificial intelligence The programme is designed to support students from 14 African countries that Airtel Africa has its footprint * Malawi, Nigeria, Kenya, Uganda, Zambia, Tanzania, Rwanda, DRC, Niger, Chad, Congo Brazzaville, Gabon, Madagascar and Seychelles By Duncan Mlanjira Airtel Africa Foundation — the philanthropic arm of the leading of telecommunications and mobile money services provider, has launched…

FMBcapital Holdings Plc’s earns US$46.8 million profit after tax in first half performance of 2024

September 9, 2024

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| Business, International, News

* Up by 11% realised in June 2023 and to pay an interim dividend of US$5,162,325 being 0.21 US cents per share * Total operating income of US$128 million — a growth of 6% in same period last year * The Group’s strategy remains growth oriented, with sustained impetus to build into a significant regional bank * With a diversified portfolio of corporate, business and consumer banking solutions, complemented by relevant treasury activities By Duncan Mlanjira In the first…

South Africa police arrest a suspected Malawian woman in possession of significant quantity of bank ATM cards

September 8, 2024

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| Business, International, Law Enforcement, News

* Also found in possession of a sum of R12,450, which the woman could not account for * Her phone was seized for further investigation and the suspect was apprehended to face charges of fraud By Duncan Mlanjira Gauteng Traffic Police in South Africa reported that they arrested a woman, suspected to be Malawian, who was found in possession of a “significant quantity of bank ATM cards.” On its Facebook page, https://www.facebook.com/share/p/uEMLqzRopzYHt7r4/?mibextid=xfxF2i and on X, formerly Twitter, the Gauteng…

Minister of Justice Mvalo calls upon private sector to champion establishment of Malawi International Arbitration Centre

September 8, 2024

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| Business, Law Enforcement, News

* He underscored the government’s unwavering commitment to fostering an environment conducive to both international and domestic arbitration * And highlighted the pivotal role of arbitration in spurring economic growth and magnetising investment By Duncan Mlanjira Minister of Justice Mvalo has called upon private sector to champion establishment of Malawi International Arbitration Centre (MIAC), the dispute resolution body which will be at the forefront of resolving commercial and investment disagreements. Mvalo made the appeal at the first-ever Malawi International…

China playing trade and financing dynamics on African countries—Chief Economist Chifipa Mhango

September 7, 2024

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| Business, International, National, News

Heads of States at the China-Africa Summit * In 2023, Chinese imports into Malawi was US$546.12 million — that is the value of Chinese market access into Malawi economy * On the other hand, Malawi exports to China was US$54.43 million, that is Malawi market access value into Chinese economy in 2023 — The net trade is thus in favour of China at US$491.69 million By Duncan Mlanjira South Africa-based Malawian Chief Economist, Chifi Mhango, who is director of economic…

FCB invests K5 million in support of Blantyre City Council’s sanitation initiative

September 7, 2024

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| Business, Health, News

Mayor Makwinja impressing on people to keep Blantyre City clean * We are passionate about promoting sanitation in the city and we believe that this collaboration will help us achieve that goal * The bank has several initiatives in supplementing Blantyre City Council’s efforts to improve the appearance of the city By Andrew Mwanandiye Tembo First Capital Bank (FCB) has invested K5 million to support the cleaning up initiative by Blantyre City Council — the financial institution’s passion to…

President Chakwera satisfied with outcomes of Forum on China-Africa Cooperation 2024

September 6, 2024

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| Business, International, National, News

* Malawi has enormous potential to generate more energy from solar, wind and geothermal sources * GEIDCO’s expertise could provide Malawi with the alternative sustainable power sources that she need * Energy is critical for Malawi to realise its MW2063 national vision, which is being driven through the ATM strategy Wrap up by Chikondi Chimala, MANA in Beijing, China President Lazarus Chakwera has described the Forum on China-Africa Cooperation (FOCAC), as a highly successful summit, saying it has exceeded…

More funds needed to speed up Shire Valley Transformation Programme—Parliamentary Committee

September 6, 2024

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| Agriculture, Business, National, News

* About 96% of the construction over the 6km stretch is complete, which gives us hope that the project is indeed moving forward * However, the committee also discovered that the project requires significantly more funds to avoid delays * This will ensure it is completed on time, allowing farmers to begin accessing it as planned By Elia Chibwe, MANA The Parliamentary Committee on Agriculture maintains that the Shire Valley Transformation Programme requires significantly more funding to be completed…

Africa countries should showcase and position own industrialisation roadmap to China and seek support to address the China-Africa trade imbalances—DCG Chief Economist

September 6, 2024

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| Business, International, News

* Guided by latest annual international trade data of 2023, the picture is that African countries face challenges of trade imbalances which favours China * In short, there are more imports from China into African countries than what African countries are exporting to China in value terms * In 2023, China’s total trade with Africa expanded moderately by 1.5% to reaching US$282.1 billion, based on General Administration of Customs data By Duncan Mlanjira South Africa’s Don Consultancy Group (DCG)…

Standard Bank sponsors private business sector’s arbitration centre

September 5, 2024

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| Business, Law Enforcement, News

* Standard Bank applauds the vision behind establishment of MIAC, which is private sector led and recognises the sector as engine of growth * We believe in effective dispute settlement in matters of commerce and investment, hence our support of this week’s symposium Maravi Express Standard Bank Plc has sponsored K5 million towards the inaugural awareness and membership symposium of the Malawi International Arbitration Centre (MIAC), a private sector driven arbitration and dispute resolution body. The symposium was opened…