Monday, May 20, 2024

Business

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...

Castel Malawi calls for collaboration in waste disposal

Castel Malawi has called for serious collaboration between various stakeholders to ensure proper disposal of waste to reduce health hazards in the country.  Castel Malawi Human Resource and Corporate Affairs Director, Gloria Zimba made the call on Friday during a...

NBM optimistic on Akiba Bank, UGI turn-around strategies

National Bank of Malawi (NBM) Plc has expressed optimism on turn-around investment for its subsidiaries, Akiba Commercial Bank in Tanzania and United General Insurance Company Limited (UGI) in 2023. NBM holds 47 percent of UGI’s share capital, and also acquired...

NBS Bank promo to widen customer base

NBS Bank Plc plans to incentivize both existing and potential customers to open new accounts and increase deposit balances using the ‘Savings Always Wins’ promotion which is reaching out to a wider audience in an interactive manner while emphasizing...

NBM touts Mo Cardless withdrawal promo

National Bank of Malawi (NBM) Plc says it has made tremendous strides in the usage of cardless features on all digital platforms from March this year when the bank launched the ‘Mo cardless Withdrawal Promotion’. NBM Card Services Manager Stewart...

Castel Malawi in a clean-up exercise

Giant alcoholic beverages producer, Castel Malawi has joined the nation in the clean-up exercise by sweeping and cleaning Ndirande market. President Lazarus Chakwera launched the clean-up exercise which takes place every Friday of the second week of the month, and...

NBS Bank supports Limbe Police CCTV Project

NBS Bank Plc has given Limbe Police a Network Video Recorder to support the security initiative which the station is building as a way of reducing crimes in the township. Earlier this year, Limbe Police started the initiative which involves...

Business Partners urges entrepreneurs to embrace mentorship for growth

Business Partners International (BPI) Malawi, a fund manager that provides debt equity financing, has advised budding entrepreneurs to consider finding mentors to grow their businesses especially in a depressed economic, complex and challenging environment. BPI Country Manager Akuzike Kafwamba said...
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Latest News

ESCALATING CONFLICT IN CABO DELGADO: SOUTH AFRICA EXTENDS MILITARY MISSION AMID CONTROVERSY

According to a report from Cabo Delgado, in early May, fierce and bloody clashes erupted between SADC forces and...
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