Business

NOCMA IN $50MILLION SCANDAL: Chikhosi, Buluma, Mkaka Caught Pants Down

NOCMA IN $50MILLION SCANDAL: Chikhosi, Buluma, Mkaka Caught Pants Down

National Oil Company of Malawi(Nocma) has been caught pants down after forcing Malawi Energy Regulatory Authority (Mera) to award two companies contracts without following procurement procedures as laid down in an Act of Parliament. According to impeccable source from Nocma, the companies being illegally awarded are Tanzanian based Lake Oil Limited and Liquefied Petroleum Gas […]

NBM PLC DONATES K70MILLION TOWARDS COVID-19 FIGHT

NBM PLC DONATES K70MILLION TOWARDS COVID-19 FIGHT

By Mc Donald Chapalapata, a Contributor Listed National Bank of Malawi (NBM) plc has contributed a total of K70 million towards the fight against the Covid-19 pandemic following the declaration of a state of disaster by President Lazarus Chakwera on 12th January 2021. The Bank contributed K10 million through the Citizens Response to Covid-19 Initiative […]

NBM Transfers Pensioners’ Benefits to Nico Life

NBM Transfers Pensioners’ Benefits to Nico Life

By Mc Donald Chapalapata, a Contributor The Trustees of National Bank of Malawi (NBM) Pension Fund have migrated  NBM plc ex-employees’ benefits from the Fund to Nico Life Assurance Company effective 1st January 2021. Announcing the change in Blantyre, NBM Pension Administration Limited Chief Executive Officer William Mabulekesi said the move has been necessitated because of […]

TNM donates K100 million towards Covid-19 fight

TNM donates K100 million towards Covid-19 fight

By Mc Donald Chapalapata, a Contributor Malawi’s premier mobile network and ICT services provider, TNM plc, has donated various items including drugs, medical equipment, Personal Protective Equipment (PPEs), airtime and data bundles worth over K100 million towards the fight against the Covid-19 pandemic. The K100 million donation covers costs for PPEs for 1000 doctors and […]

INTERNATIONAL TRADE IN THE DIGITAL ERA: Where Does Malawi Stand?

INTERNATIONAL TRADE IN THE DIGITAL ERA: Where Does Malawi Stand?

By Stephen Mmodzi and Chimpele Kelvin Tsamwa It’s funny how we have shifted almost every aspect of our lives online: dating, shopping, news, attending weddings/ funerals, gossiping, you name. It won’t be too surprised if we shall be able to download food over the internet soon. “Can I please have a double cheeseburger, one Kombeza […]

NBM plc rolls out Insurance premium financing product

NBM plc rolls out Insurance premium financing product

By Mc Donald Chapalapata, a Contributor National Bank of Malawi (NBM) plc has rolled out an insurance premium financing facility where the bank will pay annual insurance premiums on behalf of its customers thereby freeing up their cash flow in the process. Announcing the introduction of the facility in Blantyre, NBM plc Head of Retail […]

Illovo concludes K100 million promotion…‘Tayiponyela kwakuya indeed’ says Katandula

Illovo concludes K100 million promotion…‘Tayiponyela kwakuya indeed’ says Katandula

Giant sugar maker Illovo Sugar Malawi plc has concluded a three month K100 million promotion dubbed ‘Iponyeleni kwakuya ndi Illovo’ saying it has achieved its objectives of exciting and rewarding its customers and would be customers. Speaking in Blantyre at the end of the promotion, Illovo Sugar Malawi plc Managing Director Lekani Katandula although the […]

MALAWIAN ECONOMIST KENNEDY MBEKEANI APPOINTED AS AfDB’S SOUTHERN AFRICA’S DEPUTY DIRECTOR GENERAL

The African Development Bank (AfDB) on Wednesday, January 6, 2021 appointed Malawian economist Kennedy K. Mbekeani as a Deputy Director General for Southern Africa Region. Mbekeani is among five deputy directors and three directors ADB appointed for the East, Central and Southern Africa regions and Deputy Directors General for the East, Central, Northern, Southern and […]

PEOPLES AWARDS SPAR CITY CENTRE COMPETITION WINNER

PEOPLES AWARDS SPAR CITY CENTRE COMPETITION WINNER

By Mc Donald Chapalapata, a Contributor Peoples Trading Centre (PTC) under the SPAR franchise on Monday handed over a mountain bike to the winner of SPAR City Centre festive competition in Lilongwe. Spar City Centre Store Manager Charles Matita presented the bike to the winner Matilda Namondwe on Monday. In an interview People’s Marketing and […]

FDH AWARDS BEST EMPLOYEE…sends him on Dubai trip with spouse

FDH AWARDS BEST EMPLOYEE…sends him on Dubai trip with spouse

FDH Bank plc has named its Lilongwe Old Town Branch Account Relationship Manager Pempho Khomba as the Best employee for the year 2020 christened ‘Machawi employee of the year’. Presenting the award in Blantyre Monday, FDH Financial Holdings Limited Chief Executive Officer William Mpinganjira applauded Khomba saying he has demonstrated excellence behaviour which is encouraged […]

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