Business – Page 89 – Maravi Express – Your Kind of News. Clear and accurate.

TNM’s Tikolore promotion gets momentum as draw for grand prize of brand new Toyota Hilux pick-up truck draws closer

August 29, 2024

Zomba-based Jaffar Chipembere (right) winner of second monthly draw * As Muloza-based man, Daniel Wadson Beaton, wins a solar energy system in monthly draw * It feels absolutely great to win the solar energy equipment and be at the forefront of such an exciting and revolutionary technology By Duncan Mlanjira TNM Plc, the country’s pioneer mobile network and ICT services provider, says this year’s Tikolore promotion has garnered tremendous enthusiasm among customers as participation numbers reached 30 million. TNM…

DPP rejects fuel price increase that was proposed by its own MPs in the Parliamentary Committee on Natural Resources

August 29, 2024

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* The Committee’s chairperson is Werani Chilenga, legislator for the DPP itself and has four other DPP members * Including the Party’s publicity secretary, Shadric Namalomba who issued the petition against fuel price hike By Duncan Mlanjira The Democratic Progressive Party (DPP) is rejecting the proposal for Malawi Energy Regulatory Authority (MERA) to consider adjusting upwards prices of fuel, which was submitted by Parliamentary Committee on Natural Resources & Climate Change whose chairperson is Werani Chilenga, legislator for the…

Parliamentary Committee on Natural Resources also calls for “reasonable” upward adjustment of pump fuel price

August 28, 2024

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* The adjustments should, however, be strictly for the purposes of cost recovery and not for increasing profits * MERA to keep in mind the hardships that people in the country are already facing as a result of the calamities that the country has gone through By Duncan Mlanjira Following a meeting that Parliamentary Committee on Natural Resources & Climate Change had with Malawi Energy Regulatory Authority (MERA) on Monday, August 26 to understand the issues surrounding the importation…

University of Malawi confers Mozambique President Nyusi an honorary PhD in International Affairs & Diplomacy

August 28, 2024

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* Pledges to visit UNIMA and share with its students Mozambique’s on economic diplomacy initiative * We are friends at all times, even in trying moments — I am, therefore, humbled, honoured and grateful for the award Maravi Express Soon after welcoming his counterpart after landing at Chileka International Airport, President Chakwera proceeded to escort Mozambique President Filipe Jacinto Nyusi to Zomba where he was conferred a Doctor of Philosophy Degree (PhD) in International Affairs & Diplomacy (Honoris Causa)…

CDH Investment Bank posts strong interim results for the half-year ended June 30, 2024

August 28, 2024

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* Profit after tax of K8.3 billion, which is 53% higher than the K5.5 billion reported in the same period last year * The bank’s performance was driven by growth in investment funds and customer deposits By Duncan Mlanjira CDH Investment Bank (CDHIB) has delivered strong interim results for the half-year ended June 30, 2024, posting a profit after tax of K8.3 billion, which is 53% higher than the K5.5 billion that was reported in the same period last…

CDHIB values the important oversight role MEHA plays for environmental health practices in Malawi

August 28, 2024

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Chikoti (left) hands over the sponsorship to Prof. Kumwenda * As it invests K1 million towards the association’s annual conference scheduled for September 4-5 * We need to design and implement holistic integration of environmental health on the healthcare delivery system * Conference to be held under the theme; “Protecting Everyone’s Heath in the New Era’ By Duncan Mlanjira This year’s conference for Malawi Environmental Health Association (MEHA) is timely considering the various environmental health challenges the nation and…

CAMA asks for immediate adjustment of fuel prices to avoid its scarcity

August 28, 2024

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* Scarcities of fuel, as experienced before, have serious negative economic and social effects on consumers and the economy * Which include fuel being only found on the black market at double the regulated pump prices * Critical services are disrupted such as distribution of goods and services and movement of people, etc Maravi Express Consumers Association of Malawi (CAMA) contends that Malawi Energy Regulatory Authority (MERA) has for a long time been holding back upward adjustment of fuel…

‘In all 3 Pillars of MW2063 vision, sustainable water resources remain a prerequisite’

August 27, 2024

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* Sustainable water resources for all is achievable only if stakeholders such as editors and media managers regard water as life * The significance of the media in any set up cannot be overstressed, as they are a peg on which success or failure of any institution hangs By Duncan Mlanjira, Maravi Express & Memory Chatonda, MANA The MW2063, the country’s long-term development blueprint, hinges on three Pillars of Urbanisation, Industrialisation and Agriculture Productivity & Commercialisation — and in…

Chakwera promises significant benefits from his visits to Italy and Germany in terms of trade, democracy, natural disasters and disease out breaks

August 25, 2024

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* Chakwera received enormous support in Berlin for his vision that calls for concerted efforts around sustainable investments * In priority areas of agriculture, tourism and mining, under what is termed as the ATM Strategy * Many of the investors he met are willing to get involved in agriculture and tourism as well as in the mining investments in Malawi Wrap up by Abel Ikiloni, MANA On his return from his tour of Italy and Germany, President Lazarus Chakwera…

TNM Plc returns to profitability; Expects MK2.3 billion in first half

August 23, 2024

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* Profit after tax for the half year ended June 30, 2024 to be between MK2.192 billion and MK2.35 billion, representing an increase of between 181% to 201% * The latest performance reflects a return to solid profitability for the telco as it recovers from cycles of distressed profit trajectory By Duncan Mlanjira Malawian-owned telco, Telekom Networks Malawi (TNM) Plc, listed on the Malawi Stock Exchange (MSE), says it expects its net profit for the first half of 2024…