News – Page 396 – Maravi Express – Your Kind of News. Clear and accurate.

New post Brexit-trading scheme to benefit Malawian businesses

June 22, 2023

* We have been crying for trade not aid in Malawi. The new scheme will help business Malawians to grow and trade in the UK * This opportunity has come at a right time and Malawians will be able to export goods to the UK without paying tariffs By Levison Lester, MANA The new post Brexit-trading scheme for least developed countries (LDC) which United Kingdom (UK) has introduced will benefit Malawians to grow in trade and businesss. This was…

Inclusion of youth and women in development space could be best to influence national investment rules—Chakwera

June 22, 2023

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| Business, International, News

* Trading amongst ourselves, which needs to be encouraged, is usually done by young people and women * As such, those of us in authority need to give them the latitude to be able to do that freely By Mercy Makuwira, MANA When answering a question on how and where innovation could be used to influence national investment rules at AfreximBank’s 30th annual meeting in Accra, Ghana, President Lazarus Chakwera stressed that African leaders need to make a deliberate…

3 Malawian stars battle for victory in Africa’s ground-breaking ‘The Voice Africa’ competition

June 22, 2023

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| Entertainment, News

* Awilo Longomba represented by Esther Chitheka-Lewis * Locko represented by Taonga Kanthungo * Lady Jaydee represented by Nathan Chalu By Duncan Mlanjira Three Malawi nationals, Esther Chitheka-Lewis; Nathan Chalu and Taonga Kanthungo have successfully made it through to the highly contested ‘Battle Round’ stage of Africa’s prestigious top vocal talent TV showcase, The Voice Africa. Thus Airtel Malawi, the leading provider of telecommunications and mobile money services, is calling on music fans to get behind the nation’s aspiring stars…

Over 1,900 refugees returned to Dzaleka camp

June 22, 2023

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| Law Enforcement, National, News

* Initially our intelligence operations established 2,002 refugees in various locations of which only 1,924 have been relocated * We believe we will be able to identify and relocate the remaining others with help from Malawians By Prince Justice Banda & Fatsani Mlongoti, MANA The on-going repatriation of refugees and other asylum seekers from various locations across the country to Dzaleka Refugee Camp in Dowa, has so far managed to relocate at least 1,900 refugees. Malawi Police, through its…

3 lucky FCB customers win gas stoves in ‘Zanga Phee Civil Servants’ promotion

June 22, 2023

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| Business, News

* In the first draw last month, civil servant Shema Daudi was rewarded with a solar power system * The promotion was rolled out in April and its grand prize being K1 million at the end of three months * In which customers are expected to to apply for a loan of a minimum of K1.2 million or to consolidate and top up their existing loans By Victor Singano Jnr For the second draw of the First Capital Bank…

NICO Technologies invests K3m towards National Secondary Schools Quiz Competition

June 22, 2023

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| Education, National, News

* It is aimed at promoting the teaching of ICT studies in secondary schools in line with ICT innovations * It is the only opportunity that creates a platform that can show the importance of ICT at the grassroots level By Victor Singano Jnr In a bid to ensure that there is smooth and successful program, NICO Technologies has invested K3 million towards the first-ever National Secondary Schools Quiz Competition to be organised by ICT Specialist Teachers Association of…

Malawi needs to be a developmental state if MW2063 is to be achieved

June 22, 2023

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| Agriculture, Business, National, News

* ADMARC should be fully commercialized to be jointly managed with the private sector * Malawi should have its own mining company in strong alliance with the private sector * The defunct MDC needs to resuscitated for it to trail-braze investments in all strategic sectors of the economy * So that a diversified economy would be built that will be resilient in times of exogenous shocks By Duncan Mlanjira For ‘Inclusive Wealth Creation and Self Reliance that is enshrined…

Met Department forecasts cold Chiperone weather from Thursday

June 21, 2023

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| National, News

* This follows locally cold to very cold weather conditions at night and in the early mornings while sunny and generally warm conditions during daytime that has been experienced from Monday to Wednesday, June 19-21 * Strong Mwera winds will also cause rough lake waters starting from Wednesday evening until the end of the forecast period By Duncan Mlanjira In its weekly statement of June 19-25, the Department of Climate Change & Meteorological Services alerts the public to expect…

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

June 21, 2023

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| Business, National, News

* 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…