News – Page 488 – Maravi Express – Your Kind of News. Clear and accurate.

Illovo Sugar (Malawi) Plc posts K9.213bln half-year profit after tax

July 15, 2022

* An interim dividend was declared of K5.56 per share — up from K4.00 in 2021 * Revenue went up by 24% from K74 billion in 2021 half year to K92.0 billion By Duncan Mlanjira Illovo Sugar Malawi Plc, which made a net profit K20.5 billion in its 2021 financial year, has posted K9.213 billion as its 2022 half-year profit after tax — up from K6.116 billion performance of the same period in 2021, representing 51% increase. This was…

MultiChoice Expansion Program invests in Malawian TV content to be produced for Zambezi Magic

July 15, 2022

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| Business, Entertainment, News

Christopher Puta (left) with Neil McCarthy, actor, producer and writer * Project Pamodzi initiative will be a collaborative project between MultiChoice, local television channels and industry bodies in various African territories * It will be done through industry experts led Masterclasses and driven by MultiChoice Talent Factory * Which is the MultiChoice industry-development and training programme By Duncan Mlanjira In its endeavour to revolutionise the African TV sector, MultiChoice Africa has launched its MultiChoice Expansion Program — Project Pamodzi,…

Mulli’s National Bus Company’s courier licence renewal withdrawn but pending court stay order obtained for judicial review

July 15, 2022

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| Business, Law Enforcement, National, News

* Prominently missing on the red list as having fully met their regulatory requirement are Times Group (radio, TV and courier) * And Malawi Broadcasting Corporation (MBC) — both radio and TV * Out of the 27 on the list, just Mibawa Television and Radio Maria are on track having submitted post-dated cheques * Minister of Information, Gospel Kazako’s Zodiak Broadcasting Station (ZBS) is also under regulatory sanctions By Duncan Mlanjira Prominent businessman, Leston Mulli’s National Bus Company reportedly…

The law targets illegal charcoal producers, not necessarily consumers— Natural Resources Ministry official

July 15, 2022

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| Business, Law Enforcement, National, News

* Government is on the contrary promoting licensed charcoal production by people * Who have tree reserves or commercial man-made forests which are ready for harvesting * This would ensure consumers have a legal and sustainable means of charcoal * Many people did not thoroughly go through the Act, hence they only reacted harshly to the maximum penalties and not the minimum By Mike van Kamande, MANA Deputy Director for Forestry in the Ministry of Natural Resources and Climate…

Two arrested in Lilongwe over possession of fake Malawi K5,000 bank note allegedly being forged in SA

July 15, 2022

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| Business, Law Enforcement, National, News

Mwango (left) and Uko * Suspect tells police investigators that she received the money on June 3, 2022 from her friend based in the South Africa By Caroline Nyekanyeka Kanengo Police Station in Lilongwe reports that they have arrested two people for allegedly being found in possession of forged Malawi currency amounting to K11 million. The two have been identified as a 37-year-old woman Cecelia Mwango, and a 40-year-old man Tifunsenji Uko and Mwango told police investigators that she…

MACRA seals off Minister Katsonga’s AMPEX Courier Ltd for illegal courier operations; Its manager and accountant arrested

July 14, 2022

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| Business, Law Enforcement, National, News

Minister of Trade Mark Katsonga-Phiri * On April 14, MACRA Board approved the renewal of AMPEX Domestic Courier Services licence * Subject to the company settling its outstanding licence fees and levies amounting to K29,579,418 as well as paying US$5,000 renewal fees * AMPEX was advised not to operate courier services until they obtain a valid courier licence but was still operating courier services contrary to its directive By Duncan Mlanjira MACRA has sealed off Minister of Trade, Mark…

South Africa’s Rovos Rail touted as the most luxurious train in the world

July 14, 2022

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| Business, News, Tourism

* Its epic train journey of 15 days travels through South Africa, Botswana, Zimbabwe, Zambia and Tanzania * It’s become one of the most famous train journeys in the world and it’s a trip of which we are very proud * Since its inception in 1989, Rovos Rail has earned an international reputation for world-class travel experiences By Duncan Mlanjira It is worth experiencing for Malawians who can afford — a luxurious train-hotel in the world managed by private…

Public Private Partnership Commission attests that former staff hold 15% shareholding in defunct Shire Bus Lines

July 14, 2022

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| Business, Courts, National, News

A dilapidated Lilongwe Bus Depot managed by National Bank Company * It is our view that they do have a right to raise a concern on this matter * It is their claim that National Bank Company is making a lot of money from the purported ownership of these bus depots * And they feel they have a right to be receiving a proportionate share of these revenues By Duncan Mlanjira Public Private Partnership Commission has engaged the Attorney…

FDH Bank’s Kukonza Tsogolo’s first K1m winner exposes public’s high alert against digital fraud

July 14, 2022

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| Business, National, News

Kaimila explaining the format of the draw to the media * Makwasa is a Malawi Police Service Sergeant based at Chikwawa Police Station * He has since confessed that he responded in that manner because he suspected the caller was a fraudster * There is rampant digital fraud system that is currently rocking the country through mobile money services * Which prompted the authorities to officially alert the unsuspecting public to be wary of unknown callers asking for their…

Media involvement in Region 5 Youth games remains crucial

July 13, 2022

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| News, Sports

* Ready to partner with the media to provide timely and accurate information regarding the youth games * To be host by Malawi in December, 2022 By Tione Andsen, MANA Local Organizing Committee (LOC) for Africa Union Sport Council (AUSC) Region 5 Youth Games has said media involvement in the delivery of youth games remains crucial for the country. During a day-long AUSC Region 5 Youth Games Media Orientation Programme at Bingu National Stadium, in Lilongwe on Tuesday, LOC’s…