Category: International

* 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…

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* Scheme cuts tariffs on products entering the UK from 65 developing countries * It will help reduce import costs by over £770m per year, benefiting UK consumers and businesses By Duncan Mlanjira The United Kingdom (UK) has introduced a landmark developing countries trading scheme that has entered into force on Monday, June 19 with Malawi as part of the list to benefit from the scheme that covers 65 countries that are home to over 3.3 billion people —…

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* The events provide an opportunity to reflect on and celebrate, Afreximbank’s achievements and contributions to boosting Africa’s trade and in transforming African economies * Under the theme: ‘Delivering the Vision, Building Prosperity for Africans By Duncan Mlanjira, Maravi Express & Mercy Makuwira, MANA One of the country’s top entrepreneurs, Leston Mulli of Mulli Brothers Limited is also attending the 30th Anniversary celebration of African Export-Import Bank (Afreximbank) alongside President Lazarus Chakwera being held in Accra from today, June…

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* inq. Group recently completed its acquisition of Syrex, a provider of hyper-converged Cloud technology solutions * Adding South Africa to its footprint across the African continent By Duncan Mlanjira Edge and ICT solutions provider, the inq. Group — which operates in nine African markets, including Malawi and previously known as Skyband Corporation in Malawi — has appointed South African seasoned industry leader, Glad Dibetso as new group chief executive officer. Dibetso, who succeeds Nick Reed, will become CEO…

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* Alongside a more diverse energy mix — including solar and hydro power — the Summit also discussed cost-reflective tariffs and improved bankability of contracts * That were highlighted as essential to reassure investors and improve energy security in the country By Duncan Mlanjira Malawi Investment Summit 2023 — that attracted high-level local and international delegates and key economic stakeholders that included presence of President Lazarus Chakwera — made several resolutions that are to address barriers and explore new…

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