Business

TNM UNVEILS FIRST K1MILLION WINNER IN TIKOLORE PROMOTION

TNM UNVEILS FIRST K1MILLION WINNER IN TIKOLORE PROMOTION

By Mc Donald Chapalapata, a Contributor Malawi’s pioneer mobile and ICT services provider TNM plc unveiled the first K1 million winner in the Tikolore promotion, a day after launching the three month long promotion in Lilongwe. Estate Agent Francis Mtukanika, who was just passing Area 23 in Lilongwe after knocking off from work and bumped […]

NBS BANK DECLARES K7BILLION PROFIT

NBS BANK DECLARES K7BILLION PROFIT

NBS Bank plc has reported a strong financial performance in the year 2020 with profit after tax rising by 58% to K7 billion from K4.46 billion reported in 2019. A statement signed by the Bank’s Chairman Vizenge Kumwenda, Director Matthews Mtumbuka, Chief Executive Officer Kwanele Ngwenya and Chief Finance Officer Vera Zulu said faced with the significant impact of Covid-19 on economic […]

NBM PLC POSTS K22.4BILLION PROFIT AFTER TAX

NBM PLC POSTS K22.4BILLION PROFIT AFTER TAX

Listed National Bank of Malawi (NBM) plc has registered a group profit after tax of K22.45billion from K17.16 billion in 2019 representing an increase of 31% for the period ending 31 December 2020. In a statement signed by the Bank’s Board Chairman Dr George Partridge, Board member Dorothy Ngwira, Chief Executive Officer Macfussy Kawawa and […]

TNM CELEBRATES HARVEST SEASON WITH TIKOLORE PROMOTION…30 millionaires will be made in 3 months

TNM CELEBRATES HARVEST SEASON WITH TIKOLORE PROMOTION…30 millionaires will be made in 3 months

By Mc Donald Chapalapata, a Contributor Malawi’s pioneer mobile and ICT services provider TNM plc has launched a new promotion dubbed ‘Tikolore promotion’ which is a celebration for the harvest season. Launching the Tikolore Promotion in Lilongwe on Wednesday evening, TNM plc Chief Executive Officer Arnold Mbwana said the promotion is an appreciation to their […]

TNM PLC UNVEILS 7 YOUNG ARTISTS AS TNM YOUTH STARS OF MALAWI

TNM PLC UNVEILS 7 YOUNG ARTISTS AS TNM YOUTH STARS OF MALAWI

By Mc Donald Chapalapata, a Contributor Malawi’s pioneer mobile and ICT services provider TNM plc Wednesday evening unveiled seven young artists as its Brand Ambassadors dubbed the ‘TNM Youth Stars of Malawi’. The young Brand Ambassadors are all below the age of 22 years selected and are some of the most promising young talents in […]

NBM ONLINE CHESS TOURNEY ATTRACTS 166 PLAYERS

NBM ONLINE CHESS TOURNEY ATTRACTS 166 PLAYERS

By Mc Donald Chapalapata, a Contributor The inaugural National Bank of Malawi (NBM) plc sponsored online chess tournament took place at the weekend and lured an unprecedented 166 participants. Played online on lichess platform as part of the MK3.6 million sponsorship by NBM plc, the tournament was split into four categories namely: First Timers, Juniors, […]

FIRST CAPITAL BANK ENGAGES YOUTHS ON FINANCIAL LITERACY

FIRST CAPITAL BANK ENGAGES YOUTHS ON FINANCIAL LITERACY

First Capital Bank (FCB) commemorated this year’s Global Money Week with a digital campaign sensitizing communities, especially young people, on how money affects livelihoods now and across future generations. The campaign included an interface with students at Bedir International Schools in Blantyre where bank officials imparted money knowledge and responded to random questions on the […]

FDH Bank dangles K3million to Flames players for win against Uganda

FDH Bank dangles K3million to Flames players for win against Uganda

FDH Bank, the official sponsor and number one supporter of  the country’s football team, the Flames has dangled a K3 million to the players if they beat Uganda Cranes Monday afternoon to qualify for the Africa Cup of Nations (AFCON) finals. FDH Head of marketing and Communications Levie Nkunika said in Blantyre yesterday that FDH will […]

Farmers challenge Tonse govt to start championing pro-poor policies: Demand removal of punitive VAT on cooking oil

Farmers challenge Tonse govt to start championing pro-poor policies: Demand removal of punitive VAT on cooking oil

By Watipaso Mzungu Smallholder farmers from Dowa and Mchinji have expressed disappointment with the delay by the Tonse Alliance-led government to start championing pro-poor policies. Speaking at a press briefing in Lilongwe this morning, the concerned farmers pleaded with the government to remove value added tax (VAT) on cooking oil to save local cooking oil […]

PCL INVESTS IN NEW INSURANCE COMPANY

PCL INVESTS IN NEW INSURANCE COMPANY

By Mc Donald Chapalapata, a Contributor Conglomerate Press Corporation plc has invested in a new insurance holding company called LifeCo Holdings Limited which will essentially trade in life insurance, pension services and asset management. Press Corporation plc Group Chief Executive George Partridge who is also Chairman of LifeCo Holdings Limited confirmed the investment in an […]