Sunday, October 2

Business

Mzinda Sacco members warned against borrowing for consumption
Business

Mzinda Sacco members warned against borrowing for consumption

By Staff Writer: Mzinda Savings and Credit Cooperative (Sacco) President Mphatso Nkuonera, has warned membership not to borrow for consumption amid economic challenges the world is going through. He made this appeal as the Sacco is set for its 25th Mzinda Savings Annual General Meeting (AGM) slated for 4 June 2022 in Lilongwe. "Our goal is to empower our members economically, we don't want them to have no hope of growth in life. The sacco has transformed many lives in that regard," he said. The sacco president added that this year's AGM is very important as it will be held at a time when serious economic decisions ought to be made following the global economic waves caused by various issues. He said it's a double event as the sacco celebrates 25 years of service despite going ...
Government makes progress on Harmonized National Management Information System as they completed Scoping Study
Business

Government makes progress on Harmonized National Management Information System as they completed Scoping Study

The Department of Economic Planning and Development (DEPD) in the Ministry of Finance and Economic Planning affairs (MoFEA) and different development parteners have come up with number of recommendations after the completion of a study on Harmonized National Management Information System (HN-MIS). The DEPD and it's development partners have been working on institutionalization of Government-wide Monitoring and Evaluation (M&E) System as well as creating HN-MIS with an aim of providing an integrated, encompassing framework of M&E principles, practices and standards to be used throughout Government. Speaking to the Media during the closure workshop in Lilongwe, Principle Secretary in the Ministry of Finance and Economic Planning Patrick Zimpita expressed satisfaction with the r...
NBM plc to roll out new cash deposit taking ATMs
Business

NBM plc to roll out new cash deposit taking ATMs

By Staff Writer: Listed National Bank of Malawi (NBM) plc will roll out the cash deposit facility on selected Auto Teller Machines (ATMs) which allow customers to deposit cash directly into their account using the NBM debit card. Making the announcement in Blantyre, NBM plc Head of Operations Brian Boby said customers can use the machine to instantly credit their accounts without visiting the branch. “As the Bank of the Nation, we are constantly looking at innovative ways for our customers to have a different banking experience and we believe that our new service is convenient and will serve our customers better and faster while decongesting our banking halls,” said Boby. In the first phase of the project; cash deposit taking ATMs have been installed at key sites across the country nam...
Old Mutual Malawi spoils top performing staff with a holiday trip to Vietnam
Business

Old Mutual Malawi spoils top performing staff with a holiday trip to Vietnam

By Shadreck Maoni: Premier pan- African Financial Service provider, Old Mutual Malawi limited is sending eight of its topmost performing staff for 2021 to Vietnam for an offshore conference as a token of appreciation. The group left Malawi for Vietnam last Friday on 27 May this year and will among others be accompanied by their spouse or partners in an all paid up trip to the exotic Asian country. Speaking on why the trip is important, Old Mutual Malawi Group Chief Executive Officer Edith Jiya said the initiative was introduced as an expression of gratitude to its hard-working staff. “Offshore trip is one of Old Mutual’s flagship incentive program aimed at recognizing and rewarding exceptional performance to our employees across all countries where the business operates. Our co...
FDH unveils new look Zomba Service Centre
Business

FDH unveils new look Zomba Service Centre

By Staff Writer: FDH Bank has unveiled a refurbished and new look Zomba Service Centre signifying the bank’s vision of providing excellent and quality service to its customers. Speaking in Zomba during the unveiling of the centre, FDG Bank Managing Director Noel Mkulichi said they were influenced to initiate the expansion of Zomba Service Centre in order improve customer service so that their customers access products and services in a spacious, convenient and comfortable environment. “FDH Bank Plc prioritizes the provision of excellent and quality service to its customers. We therefore try as much as possible to understand the needs and aspirations of our customers so that the services we provide resonate with customers’ guaranteed satisfaction. This is because we know that each and ev...
Nyasa Mobile Limited partners Vodafone
Business

Nyasa Mobile Limited partners Vodafone

By Chancy Namadzunda: Nyasa Mobile Limited (NML) has partnered with Vodafone Group plc, to roll out mobile network operations in the country. Vodafone, which is one of the world's mobile network operators with over 300 million mobile customers and 27 million fixed broadband customers across 21 operating countries and 52 partner markets across the globe. On Tuesday, both NML and Vodafone officials were seen inspecting the market in Blantyre, interacting with mobile airtime agents. NML Chairperson Konrad Buckle said they plan to roll out operations by the end of the year. He said the project is expected to creat over one thousand jobs in the country. "Nyasa Mobile Limited will wa complement government's efforts of creating more job opportunities for Malawians hence this sig...
Marketing Machines to train SMEs in marketing and sales
Business

Marketing Machines to train SMEs in marketing and sales

By Chancy Namadzunda: A local firm, Marketing Machines will train Small and Medium Enterprises (SMEs) in marketing and sales. According to the firm's Managing Director Temwanani Luhanga, the aim of the training is to equip the participants with hands on skills and knowledge in Marketing and Sales. "Part of the training will be project oriented where each participant will be required to develop a modern Marketing and Sales plan , sample proposals and bids for the work place throughout the trainings. "In other words the participants will fill the template as they go with the help of the facilitators. The other part of the training will be practice oriented where participants will be required to practice skills they learn. "A number of facilitators will be responsible for the d...
NEEF disburses K32bn in 14 months
Business

NEEF disburses K32bn in 14 months

Bye Staff Writer: Since February 2021, the National Economic Empowerment Fund (NEEF) has disbursed slightly above K32 billion to 105,000 deserving Malawians across all regions. NEEF Public Relations Officer Whytone Kapasule said the journey so far has been exciting as they have managed to take formal financial lending services to the unbanked communities in the country where access to loans was a challenge. “The disbursements have had its own milestones as for the first time ever we have managed to reach out to Likoma where we have managed to disburse something around 200 million Kwacha. No Micro Finance institution has ever landed at Likoma and it is for the first in the history of our organisation since it was established in 2005 that we have reached Likoma and that seriously de...
MBS confiscates, destroys 257 non-trade scales
Business

MBS confiscates, destroys 257 non-trade scales

By Tionge Hara: The Malawi Bureau of Standards (MBS) has confiscated 257 non-trade scales, mainly those with nuts behind and those that can be easily tampered with. The scales have been confiscated in the Northern Region, where the Bureau, with the Malawi Revenue Authority (MRA)and Malawi Police conducted an inspection exercise. In an interview after the exercise, MBS Public Relations Officer Monica Khombe said the confiscated scales are against the Metrology Act of Malawi. "It's a no go zone for the bureau for traders to be using scales that can be easily tampered with, in this case scales with nuts behind and nozzles are the ones that have been destroyed. "We are encouraging Malawians to be buying from traders that there scales have a certification sticker of malawi bureau...
HCI paints unshaken with financial crisis
Business

HCI paints unshaken with financial crisis

The newly established paint producing local company, Hadadeza Connection International continues to grow and make progress despite the country going through financial crisis caused by covid-19 pandemic and Russia-Ukraine war. Daddy Msasata, the owner of the HCI Paints company said there's progress interms of customers who access its products since the establishment of the company earlier last year. He added that despite the initial concerns from the citizens of their financial statuses, his company has been doing fine on the market. "As HCI we are doing fine, our first agenda was to market our brand so that people should know about our products so we are happy to see how people have welcomed HCI brand and hopefully in next few years we will be all over the country and also extend ...