Business – Page 90 – Maravi Express – Your Kind of News. Clear and accurate.

FDH Bank Plc achieves K1 trillion market capitalisation milestone on MSE

August 23, 2024

FDH Bank Plc Board chairperson Charity Mseka (c) flanked by Mkulichi (2nd left), Nkunika (left), Chitera (2nd right) and Richard Chipezaani during 2024 Investors Forum * As Parliamentary Committee applauds the bank’s sustained commitment to corporate social responsibility * Noting that its initiatives target some of the most vulnerable and marginalised communities in the country Maravi Express Within four years of listing on the Malawi Stock Exchange (MSE), FDH Bank Plc has reached a significant milestone, achieving a market…

Two men sentenced to 7 years for being found guilty of vandalising ESCOM assets

August 22, 2024

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* They were arrested last month on July 14 at Zalewa police checkpoint * As they attempted to transport stolen ESCOM copper cables they vandalised in Mwanza and Ntcheu Maravi Express In order to deter the continued vandalism of Electricity Supply Corporation of Malawi (ESCOM), two men from Balaka District, Patrick Malikebu (34) and Lonjezo Magaleta (27), have been sentenced to seven years imprisonment with hard labour Zalewa Magistrate Court for being found guilty of the malpractice. They were…

Standard Bank to host its ‘Growth Conversations’ series at Bankers Association annual Indaba in Mangochi

August 21, 2024

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* Further supports the Indiana with K10 million towards successful hosting of the event from from tomorrow, August 22-24 * To be held under the theme; ‘Bridging the Gap: Inclusive Banking and Sustainable Development for All’ By Duncan Mlanjira In support of the Bankers Association of Malawi (BAM) annual conference be held in Mangochi, Standard Bank Plc has sponsored K10 million towards its successful hosting and at the same, the Malawi Stock Exchange-listed company will host its ‘Growth Conversations’…

Malawi is one of the countries whose adoption of digital financial services is low

August 21, 2024

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* As Reserve Bank of Malawi (RBM) scales up national awareness campaign on benefits of digital financial services * RBM spent over MK23 billion last year to reprint damaged currency notes—Deputy Governor, McDonald Mafuta Mwale * These printers and suppliers are paid in US$ which means the country is losing a lot of forex just to replace damaged notes * If more Malawians adopt digital financial services, this figure will go down as there will be no demand to…

Daniel Dominic Daka replaces John Bizwick as MRA commissioner general

August 21, 2024

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* His extensive background in legal affairs and tax administration will be invaluable in his new role * As Douglas Katchomoza appointed as new executive director-corporate services Maravi Express Daniel Dominic Daka, a seasoned tax legal practitioner with over 20 years of management experience, has been appointed as MRA commissioner general, replacing John Bizwick, whose contract has expired. A statement from MRA Corporate Affairs, headed by Steve Kapoloma, says the Board of Directors also appointed Douglas Katchomoza as new…

Ministry of Energy encourages use of electric vehicles

August 20, 2024

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* We would want these vehicles to be everywhere in the country so that we reduce the import of fuel thereby saving forex * Ministry of Energy and Finance are striving to make purchase of electric vehicles affordable in the country By Moses Nyirenda, MANA At the launch first-ever electric vehicle in Malawi by United Nations Development Programme (UNDP) in Lilongwe yesterday, Minister of Energy, Ibrahim Matola says government through his Ministry is committed to promoting the purchase and…

CDHIB reaffirms its commitment towards assisting the nation in providing inclusive banking solutions for sustainable development for all

August 20, 2024

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Jamal Kamoto presenting the support to BAM’s CEO Lyness Nkungula * As the bank invested K1 million towards Bankers Association of Malawi’s annual conference from August 22-24 * To be held under the theme; ‘Bridging the Gap: Inclusive Banking and Sustainable Development for All’ * In a world where inequality and exclusion persist, it is crucial that we come together to address these challenges * And work towards a more inclusive and sustainable future for everyone—Chief Business Development Officer…

National Planning Commission calls for proper monitoring of mega farm projects

August 19, 2024

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| Agriculture, Business, National, News

NPC Director General, Thomas Munthali By Chisomo Kambandanga, MANA National Planning Commission (NPC) Director General, Thomas Munthali has reiterated the need for the country to frequently monitor mega farm projects in order to measure the progress being registered as they are crucial to realisation of MW2063 national vision. Munthali made the remarks on Friday during a monitoring and appreciation visit to mega farm projects of Linga and Mzenga Irrigation Schemes in the area of Senior Chief Fukamapiri and Kabunduri…

Fishermen continue to defy constant warnings against illegal fishing gear

August 17, 2024

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* As Fisheries Department, Nkhata Bay District Council, Ripple Africa burn over 200 illegal fishing gear that was confiscated * We have a lot of illegal fishing gears on the lake Malawi that are not acceptable within the framework of Fisheries Act * Fishers who are still resisting to change warned that the law shall keep taking its course By Chisomo Kambandanga, MANA Despite constant awareness and warnings against using illegal fishing gear, fishermen on Malawi lake waters continue…

MoU between Malawi and Mozambique seeks for convenient border post and simplified trade regimes

August 16, 2024

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* The signing of the trade agreements is key in enhancing the economic relationship between the two countries * Opening up of the Nacala Port to transport fuel and petroleum products from Mozambique to Malawi will reduce transportation costs * Key sectors that are crucial to the development of the two countries have been thoroughly scrutinised * Such as agriculture, energy and transport with much focus given to the transport and energy sector By Fostina Mkandawire, MANA in Maputo…