News – Page 390 – Maravi Express – Your Kind of News. Clear and accurate.

Rising level of Malawi inflation rate impacts on RBM’s monetary policy direction—Chief Economist Chifipa Mhango

June 21, 2023

* Latest data captured on RBM website indicates that the annual inflation rate in Malawi continued to climb * To a 10-year high of 29.2% in May 2023 — up from 28.8% in the previous month of April 2023 * Of concern is the food inflation rate rising to 38.8% and has remained elevated to levels above 30% since June 2022 * This has had negative impact on the poor masses of Malawi as non-food inflation rate was marginal…

FMB Capital Holdings posts K62.6 billion after tax profits; Up by 52%

June 21, 2023

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| Business, International, News

* The strong performance in the year was on account of growth income accretive assets and profits across its footprint in Africa * All our banks in the five SADC countries have significantly contributed to this growth margin * But Malawi has been the biggest contributor in dollar terms as well—CEO Jaco Viljoen Maravi Express FMB Capital Holdings (FMBCH) Plc, the holding company for First Capital Bank in Africa, has announced that it has made a profit after tax…

Sadio Mane shines with a brace as Senegal stun Brazil 4-2 in friendly ahead of AFCON title defence

June 21, 2023

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| International Sports, News, Sports

Mane celebrates his first goal * 14 nations now confirmed for the 2023 AFCON finals in Côte d’Ivoire * Zambia steal the weekend headline with a five-star performance in Ndola * Equatorial Guinea stun Tunisia to register their place * Nigeria, Egypt, Tunisia, Guinea-Bissau, Mali and Cape Verde also book their place CAFonline As part of their preparations to defend the Africa Cup of Nations (AFCON) title in Côte d’Ivoire, Senegal recorded a remarkable 4-2 win over world football…

National Investment Trust targets K100 billion posts by 2027

June 21, 2023

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| Business, News

* Expecting to post K11.5 billion in its 2023 half year by June from K1.5 billion realized same period in 2022 * Our journey has been successful for the past 5 years except the period of CoVID-19 * Where things was tough but since we have a vibrant investment committee and managers we managed to survive By Victor Singano Jnr Director and chairperson of the Board, Esther Gondwe says National Investment Trust (NITL) Plc has set a target of…

Ethiopia help Guinea qualify for AFCON 2024 Côte d’Ivoire finals by draw with Malawi

June 21, 2023

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| International Sports, News, Sports

The match played at neutral venue Zimpeto Stadium in Maputo, Mozambique * The Flames needed to beat both Ethiopia and Guinea to qualifiers as runners-up * We started on a wrong foot and we were rushing things—Coach Mabedi * We were supposed to be a little bit patient on the ball. But we lost it and gave away possession cheaply Maravi Express It was the usual song of so near, yet so far. When it mattered most, the Flames…

Save the Children pleads for government, police’s action over alarming children cyber bullying practice

June 21, 2023

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| Education, Law Enforcement, National, News

* This year’s event was celebrated under the theme: ‘The Rights of the Child in the Digital Environment’ * There are concern over increased cases of children cyber bullying abuses * As well as other crimes which he said are affecting children in many ways, including their education By Victor Singano Jnr In commemorating the Day of the African Child, one of top organisations that fights for the rights of youths people in the country, Save the Children,…

FCB awards two outstanding Ngumbe CDSS learners with K145,000 each; Drills students on financial literacy

June 21, 2023

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| Education, News

* Our main objective is to encourage the students at school to work extra hard in class in order to achieve their goals * The bank’s corporate social responsibilities focus area is education hence we drilled the students on financial literacy as well as the importance of education By Victor Singano Jnr In encouraging hardworking spirit in class, First Capital Bank has awarded two top students (male and female) of Ngumbe Community Day Secondary School in Blantyre with K145,000 each…

Gaba made Premier Bet Malawi brand ambassador

June 21, 2023

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| News, Sports

By Victor Singano Jnr Malawi international football star, Gabadinho Mhango — plying his race with South Africa Premier League outfit, Amazulu FC — has been unveiled as the brand ambassador for the local betting firm, Premier Bet Malawi company for a one-year agreement. The leading betting company announced the development on Friday at Ryalls Hotel in Blantyre where the official signing ceremony with the former Nyasa Big Bullets and Orlando Pirates star took place. Premier Bet Malawi Chief Executive…

More local honours accorded Tabitha for her record European exploits as Standard Bank awards her with K1m

June 20, 2023

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| News, Sports

* It resonates with Standard Bank’s purpose: #Malawi is Our Home; We Drive Her Growth#. * FAM awards her with a personalised Scorchers kit labelled TC11 with number 23 — representing number of goals she scored in Italy By Duncan Mlanjira President Lazarus Chakwera and the First Lady said they were “incredibly proud” of Malawi women international striker, Tabitha Chawinga’s “outstanding performance and her unwavering commitment to the sport”; the Confederation of Southern Africa Football Associations (COSAFA) described her…

TNM recovers from loss to record 150% half-year net profit

June 20, 2023

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| Business, News

* This follows strong revenue performance in the first and second quarters of 2023 * There are also many positive indicators in key business segments, especially mobile money, voice and data By Duncan Mlanjira Profit after tax for Malawian-owned mobile telecoms operator, TNM Plc will be 150% higher than the same period last year, the operator said in a Trading Statement on Friday, citing good performance for the first half of the year. The statement says the half-year…