Tuesday, April 30, 2024

Business

RR Trading evades duty over St. Andrews uniform

RR Trading, a Limbe-based supplying company owned by on-the-run businessman Mohamed Shabir Salim Jussab police in Malawi is looking for, is implicated in yet another tax evasion scam. Information gathered reveals that the company supplied school uniforms to St. Andrews...

TNM gives Presidential Charity Golf K10 million boost

Malawi’s pioneering mobile network and ICT services provider TNM has taken the lead to give the upcoming Presidential Charity Golf on October 7, 2023 a boost with a donation of K10 million. The charity tournament, now in its second year,...

NBS Bank expects H1 profit after tax growth

NBS Bank Plc has said it expects an increase in the half year profit after tax ending June 30, 2023 to be between K11.8 billion and K12.3 billion from K5.9 billion in the same period last year. Initially, in the...

Castel Malawi Pumps K5 Million towards North Beach Music Festival

Castel Malawi has pumped in K5 million towards the North Beach Music Festival set for Chikale Beach in NkhataBay from September 1-3, 2023.  Speaking after a cheque presentation ceremony to organisers of the Festival, Thoms Park Events at Castel's Luwinga...

FDH Bank in Capetown to support the Queens

Official sponsors of the Malawi National Netball Team, FDH Bank, have travelled to Capetown in South Africa to offer their support to the girls as they kick start their Netball World Cup finals tonight. The Queens will open their group...

NBS Bank, Prison Service partner for convenient service offering

NBS Bank Plc and Malawi Prison Service (MPS) have signed a Memorandum of Understanding (MoU) that will see officers from the service accessing various services from the Bank conveniently. Speaking on the MOU signing whose ceremony was held at Prison...

Castel outlines expectations from Cup

Castel says the long term expectation from its Challenge Cup is to contribute to a strong national team by unearthing talent from the grassroots. Castel Malawi Head of Marketing Frank Binauli outlined the goal in Rumphi during the official kick-off...

PCL invests K11 billion in ethanol plant upgrade

Press Corporation plc (PCL), through its subsidiary company PressCane Limited, has invested K11 billion in an ethanol plant which will produce high-quality potable ethanol  to be used in the pharmaceutical and beverage industries, with some intended for the export...

CDEDI wants sugar prices reduced by 50%…pens MRA to probe transfer pricing

By IOMMIE CHIWALO The Centre for Democracy and Economic Development Initiatives (CDEDI) is still siding with Malawians on the calls to have sugar prices reduced even by 50 percent as Illovo Sugar Company has failed to refute findings from the...

NBS Bank reaps from digital technology investment

NBS Bank Plc has attributed its impressive growth of Profit-After-Tax for the year 2022 to investment in digital technology. The Bank’s board chairman, Vizenge Kumwenda said this during the 19th Annual General Meeting (AGM) in Blantyre where he announced the growth...
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Latest News

Tonse Alliance government has abandoned Malawians- Chihana speaks out

Ahead of the Labour Day rally, dubbed "Agricultural sector catalyst for stable democracy and socioeconomic transformation" the Alliance for...
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