Category: National

By John Saukira National Empowerment Economic Fund (NEEF) has disbursed K16.9 billion to various groups with K8.8 billion going to  women from 3,576 groups and K3.9 billion to 1,474 youth groups. Speaking during a sensitization workshop on access to finance and NEEF products in Lilongwe, NEEF Board chairperson Jephter Mtema disclosed that they also disbursed loans amounting to K879 million to 438 payroll individuals. He said currently there is a good progress in as far as loan disbursement is concerned. Mtema said the workshop…

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* The landed costs of petrol has increased by 20.44%, diesel by 12.03% and paraffin by 12.23% * Landed costs of petroleum prices are determined by the international market and the exchange rate * As at September 7, 2021 the Price Stabilization Fund averaged K1.5 billion against the recommended minimum of K5 billion By Duncan Mlanjira Malawi Energy Regulatory Authority (MERA) has announced that it is reviewing current trends of the international market and other economic factors to determine…

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NICO Pensions General Manager Gerald Chima * Accessible by dialing *323# and on https://www.npsonline.mw * We understand the value of information in a digitally advancing world * The two platforms we will ensure clients can seamlessly manage their pensions and claims By Duncan Mlanjira As part of NICO Group’s ongoing endeavour to digitize its services and processes, NICO Pensions has launched state-of-the-art Online Pensions Member Self-Service and USSD platforms. Announcing the development, which is the first on the market,…

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A few of the striking staff captured in Lilongwe * Their demand of no pay for two months not true as it’s only top management yet to be paid * MPC is dealing with a structural issue, where 85% of its revenue pays staff costs * The struggling parastatal needs to downsize its staff if government is to recapitalize it * It is inviting applications from those interested to proceed on voluntary retrenchment By Duncan Mlanjira One of the…

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* ACB has instituted corruption investigations on the procurement process * Public asks for speed investigation into the allegation * Some people involved in road transportation business suspected intent to derail the rail rehabilitation By Duncan Mlanjira Some members of the public have expressed dismay at the decision of the Anti-Corruption Bureau (ACB), which has restrained Portuguese construction company Mota-Engil from going ahead with the contract it was awarded to design, upgrade and rehabilitate the railway section between Marka-Bangula….

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