Business – Page 92 – Maravi Express – Your Kind of News. Clear and accurate.

First Capital Bank inculcates culture of digital banking business on Nyasa Big Bullets players

August 7, 2024

* FCB facilitated that all Nyasa Big Bullets players and officials should open bank accounts with FCB * And for the 60 seconds trolley shopping dash, their ATM cards were loaded with K100,000 cash By Duncan Mlanjira Official sponsors of Nyasa Big Bullets Football Club, First Capital Bank (FCB) treated the team’s players and officials to an exciting shopping spree on Tuesday at three Chipiku Plus stores in Blantyre as one way of inculcating the culture doing business through…

Tobacco Commission cracks down on contamination of tobacco packaging at auction floors

August 7, 2024

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| Agriculture, Business, News

* A staggering 5,080 bales containing contaminated tobacco were confiscated during the 2024 selling season * Nesting is a serious problem that compromises the integrity of our tobacco industry and hurts our economy By Patience Kapinda, MANA The Tobacco Commission of Malawi has launched a crackdown on the illicit practice of ‘nesting’ where unscrupulous tobacco sellers conceal inferior products or objects within bundles to deceive buyers. According to Tobacco Commission public relations officer, Telephorus Chigwenembe, a staggering 5,080 bales…

Parliamentary committees endorse MRA’s tax stamp

August 7, 2024

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| Business, Law Enforcement, National, News

* As level smuggling of goods shocks two Parliamentary Committees of Public Accounts and of Industry, Trade & Tourism * Smuggling is a huge problem and the only solution to prevent it is by bringing different mechanisms like tax stamps By Tikondane Vega, MANA Public Accounts Committee of Parliament says it fully supports Malawi Revenue Authority (MRA) idea to fully use tax stamp as a tool to eliminate goods smuggling into the country. This also follows the observation by…

Standard Bank invests K15million towards National Construction Industry Council’s 2024 conference

August 6, 2024

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Graham Chipande (left) hands over the cheque to NCIC’s Engineer Gerald Khonje * At Standard Bank, we believe in investing in the growth and development of our nation * This support demonstrates our commitment to supporting initiatives that promote excellence and innovation in the construction industry By Duncan Mlanjira In recognition that the construction industry is a critical sector that drives economic progress and improves the lives of Malawians. Standard Bank has invested K15 million to the three-day 2024…

Chevon Butcher in heart of Blantyre CBD set to revolutionise the meat industry

August 6, 2024

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| Business, News

* We believe that quality starts on the farm, that’s why we have searched far and wide to bring you the best meat * You get old-style quality at incredible prices, which is why Chevon Butcher Shops are so popular By Duncan Mlanjira Newly-established Chevon Butcher, in the heart of Blantyre City’s central business district (CBD), is set to revolutionise the meat industry offering all meats except pork — beef, chevon, mutton, chicken, quals, fish, among others. It is…

‘Over the years, Malawi has witnessed an unfortunate decline in economic growth’—NGORA CEO

August 5, 2024

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Edward Chileka-Banda * Inequalities between the poor and the rich have worsened resulting in the majority of the population dependent on aid and handouts * Increased poverty and sluggish economic growth have triggered an increase in aid to Malawi * By the international community, to the point where 40% of our national budget was financed by development partners By Duncan Mlanjira “Over the years, Malawi has witnessed an unfortunate decline in economic growth pushing many of our people into…

USA-based customer wins K20m plot in Standard Bank Diaspora Transact & Win promo

August 5, 2024

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Winner Donald Mphande * Your support and recognition mean the world to me, and I am eager to leverage this win * To further enhance my financial journey with the innovative solutions provided by Standard Bank By Duncan Mlanjira Washington DC-based customer, Donald Mphande is the grand winner of a plot of land worth K20 million through Standard Bank’s Diaspora Transact & Win promotion that was launched in March this year. The promotion was aimed at recognising the contribution…

NGOs asked to sustain’ projects initiated in communities once donors exit; As K1 billion NGO Fund is officially launched

August 5, 2024

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Minister Sendeza (2nd left) hands over the investment * Potential donors fail to provide grants to some NGOs who fail to meet donor requirements and fail to manage the grants due to capacity challenges * MDS noticed challenges in the coordination of NGOs, which has contributed to these NGOs working in silos — hence duplicating their efforts By Duncan Mlanjira After it was noted that some community development projects which non-governmental organisations (NGOs) initiated were not being sustained once…

Movya Beekeeping Club in Nkhata Bay was established after members realised the consequences of deforestation on people’s everyday livelihood

August 4, 2024

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| Agriculture, Business, News

* Some forests suffered greatly at our merciless hands as we were into serious charcoal burning and selling * I paid my academic tuition fees using money made from burning charcoal and selling—successful bee-keeping farmer Feature by Joel Phiri, MANA When Blasco Nkhata, 51, of John Chumia Village in Traditional Authority (T/A) Kabunduli in Nkhata Bay decided to call it time on his borehole drilling business in 2012 in Salima, he decided to go back home to occupy the…

Farmers getting good returns in Thyolo through agronomics and sustainable land management

August 4, 2024

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| Agriculture, Business, News

* My family has three fish ponds and our annual harvest stands at 360 kgs of fish, sold at K5,000 per kilogramme translating into K1.8 million per year * This money has enabled us to buy settlement land, build a decent home and pay for our children’s education By Yamikani Yapuwa In the Serene Village of Maonga in Sub-Traditional Authority (STA) Mlenga in Thyolo District, farmers under Msuwadzi catchment are quietly revolutionising sustainable farming through agronomics and sustainable land…