Category Archives: Business

The Maravi Post is a leading source for reliable Business news and analysis on Business. Top African Business like  Dangote  Group in Nigeria, Mulli Brothers in Malawi

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Agriculture, Malawi

Chakwera hosts farmers dinner: Urged to embrace innovation

MaraviPost

LILONGWE-(MaraviPost)-President Lazarus Chakwera has called upon farmers to be innovative by focusing on non-food agricultural products such as cotton, and not only food crops, in order to achieve the country’s economic growth.

He was speaking at Kamuzu Palace in Lilongwe Friday, June 7, 2024 evening during a presidential dinner hosted for Farmers Union of Malawi (FUM) leaders and members.

Chakwera said there is need for farmers to adopt new strategies in farming as the country imports a lot of products which can be locally produced.

“The government will continue supporting farmers so that they improve in production of agricultural commodities as agricultural sector plays a significant role on the global market”, he said.

He appreciated the farmers for the efforts they put in producing crops despite challenges they face in their fields.

FUM President, Maness Nkhata, expressed gratitude to the president for supporting efforts which farmers put in their work saying it is encouraging to farmers.

“We are pleased for the assistance we receive from government. As farmers, we are going to continue working for the betterment of country,” Nkhata said.

Source: MANA

Business, Regional

Nigeria orders free DStv for a month, fines MultiChoice Africa

MaraviPost

LAGOS-(MaraviPost)-An antitrust tribunal in Nigeria has fined MultiChoice and ordered a month of free viewing for its subscribers in the West African nation, after the South African broadcaster defied it by raising prices.

According to Punch newspaper, the Competition and Consumer Protection Tribunal fined the company 150 million naira and told it to allow customers a month of free viewing of its DStv and GOtv platforms.

The ruling was made after the company failed to adhere to an order by the tribunal to hold off from raising subscription fees without proper notice, following a lawsuit filed by an Abuja-based lawyer who said the eight-day notice given for the price increase was inadequate, Punch said.

“We disagree with the ruling and will therefore file an appeal,” the company said in a statement, while declining further comment.

Business, Entertainment

TNM, Phyzix partnership blossoms

MaraviPost

… as TNM pumps MK5m into Mzuzu Mountain Goat Concert

BLANTYRE-(MaraviPost)-Malawi’s pioneer mobile network and ICT service provider, TNM Plc is proud to announce the continued partnership with acclaimed music artist Phyzix for his forthcoming Mountain Goat Concert scheduled for July 13 at Springs Park in Mzuzu.

TNM, in a move to reinforce the partnership, has contributed MK5 million towards the concert for the second time. In addition, the integration enables fun lovers to purchase concert tickets on TNM Mpamba e-ticketing platform.

TNM’s Head of Band and Marketing Madalitso Jonazi said the sponsorship highlights the company’s commitment to empowering and celebrating local talent.

“We are delighted to join forces with Phyzix once again for what promises to be an extraordinary musical show. Our partnership demonstrates our commitment to leveraging technology to create possibilities, change lives and connect people through music,” said Jonazi.

Following this resounding collaboration, TNM and Phyzix are poised to deliver yet another unforgettable experience for music enthusiasts in Mzuzu.

“Through the collaboration we are fostering cultural enrichment and connectivity through music and technology. As such, music enthusiasts will be able to purchase their tickets on Mpamba e-ticketing platform conveniently,” he said.

Jonazi added that the concert presents opportunity for the mobile company to engage with people in Mzuzu.

“We have a wide range of products that are tailored to suit Malawians of different ages, but concerts like Mountain Goat present a good platform for TNM to connect with specifically the youths and offer them more appealing and pocket friendly products such as Agulu bundles,” added Jonazi.

Receiving TNM’s contribution, Phyzix real name Noel Chikoleka expressed gratitude saying the money would assist in delivering a good concert to people in Mzuzu.

“After sponsoring my Mountain Goat album launch last year, I am thrilled that TNM has returned to sponsor my upcoming concert in Mzuzu, as we cement the brands’ mutual connection. The sponsorship will go a long way to help us provide a great concert in Mzuzu,” said Phyzix.

Phyzix commended TNM for introducing Caller Tunes and Agulu services, saying they are contributing to the growth of the music industry in the country.

He said: “Through services like Caller Tunes and Agulu bundles TNM is playing a pivotal role in taking Malawian music to great height. While musicians are getting loyalty, the youth can access our music using the affordable Agulu bundles.”

The Concert comes six months after Phyzix, launched Mountain Goat, his 15th album last year in December at Amaryllis Hotel in Blantyre.

Agriculture, Malawi

Chakwera dares farmers on proper storage, preservation practices adoption

MaraviPost

    
LILONGWE-(MaraviPost)-President Lazarus Chakwera has urged farmers to start adopting proper storage and preservation practices.

Chakwera made the remarks on Friday, June 7, 2024 during a meeting with Farmers Union of Malawi (FUM) leaders and members at Kamuzu palace in Lilongwe.

“I urge you farmers to continue collaborating with the government across all sectors of agriculture to enhance the profitability and productivity of the industry.



“As a leader I will do my part in providing you with the necessary support that you need,” Chakwera said.

The President also stressed the need to improve production among farmers and transition from subsistence farming to large-scale, modern equipment-assisted farming for increased productivity aligning with the Malawi 2063 vision.

He further encouraged farmers to invest in the agricultural sector and assured them of government’s steadfast support in improving their livelihoods and fostering a conducive environment for farming nationwide.

The Malawi leader restated his government’s unwavering commitment to supporting the livelihoods of farmers and fortifying the agriculture sector in the country.

In his remarks , Principal Secretary in the Ministry of Agriculture responsible for irrigation, Jeffrey Mamba applauded the collaborative partnership between the government and farmers in advancing agricultural transformation.

FUM President, Maness Nkhata commended government’s dedication to revolutionise the agriculture sector.

“I am well pleased with the cooperative efforts between FUM and Ministry of Agriculture in complementing the President’s vision in achieving agricultural productivity and commercialization goal for 2063,” she said.

Nkhata also commended President Chakwera for various agricultural sector advancement and government’s sustainable initiatives such as the Affordable Input Programme (AIP) which benefits smallholder farmers in the country.

She appealed to the President for equitable distribution of resources to facilitate nationwide farmers access to initiatives such as the Agriculture Commercialisation Project, AIP and the establishment of Farmer’s Day, aimed at propelling the Agricultural sector and positioning Malawi as a food secure nation.

Chief Executive Officer of FUM, Jacob Nyirongo described the meeting as a significant milestone in cementing the relationship between government and farmers in the country.

“FUM members are committed in supporting your Excellency’s vision of making this country a self-reliant nation through initiatives like mega farms and import substitution,” he said.

Business

Standard Bank expands digital service platforms, BOL to mobile money

MaraviPost

LILONGWE–(MaraviPost)-As part of its efforts to enhance digital banking and promote financial inclusion in the country, Standard Bank Plc has announced the integration of its Business Online (BOL) platform to mobile money wallets.

Frank Chantaya, the head of Corporate and Investment Banking at Standard Bank Plc says the integration aims to provide convenience and ease of payments for corporate customers.

“The integration will enable our customers to make payments directly to TNM Mpamba, Airtel Money from their corporate account through Business Online. The platform already offers corporate customers access to features such as online payments and beneficiary management.

“This integration speaks to our commitment to deepen financial inclusion by making the country’s best digital banking platform which Standard Bank offers, widely accessible across multiple channels,” he said.

Chantaya said the integrated features of Standard Bank’s BOL have been designed to deepen financial inclusion and break barriers in accessing financial services by unbanked communities and others that do business with Standard Bank’s corporate clients. 

“Besides other benefits, the new feature will allow customers to process payments for up to 10,000 people at a click. It also offers refund capabilities in cases of errors,” he said.

“This means that the BOL platform has now become a fundamental tool that will help our corporate customers conveniently perform various payments such as disbursing funds to social cash transfer beneficiaries, disburse allowances, wages and pay individuals in hard-to-reach areas”, he added.

The CIB Head emphasized Standard Bank’s commitment to continue contributing to deepening Malawi’s digital payments ecosystem which will go a long way to improving national cash liquidity and distribution thereby boosting economic growth efforts in line with its purpose; “Malawi is our Home, we Drive Her Growth.”

“As a financial institution, our goal beyond providing excellent branch banking services is to continuously introduce new digital innovations that enhance our existing platforms such as this new feature on BOL in order to ensure that we satisfy the needs of our customers,” she said.

In addition to Business Online, Standard Bank offers other digital platforms such as 247 App, 247 and Enterprise Online.

The platforms aim to provide convenient banking services to customers across Malawi.

BOL is a digital platform that has been serving the bank’s corporate customers for many years, offering financial management features such as online tax payments, salary processing, and utility bill payments.

Business, Malawi

Former RBM Governor Dr Kabambe urges Chakwera’s Tonse to reduce domestic borrowing

MaraviPost

BLANTYRE-(MaraviPost)-The former Reserve Bank of Malawi (RBM) Dr. Dalitso Kabambe has urged President Lazarus Chakwera’s Tonse Alliance government to reduce domestic borrowing arguing that the move is chocking private sector economic growth.

Kabambe therefore made a number radical suggestions on how to transform Malawi’s economic misfortunes into prosperity.

In a public lecture at Catholic University of Malawi in Chiradzulu on Thursday, June 6, 2024 the former RBM governor observes that local debts have prevented private sector to access funds for growth as government through treasury has taken big chunk.

He therefore emphasized the need for a paradigm shift in Malawi’s development philosophy to achieve industrialization.

Kabambe therefore urged Chakwera leadership to appoint competent individuals to manage district councils, and allocate at least MK100 billion to each council to support their strategic development plans.

The appeal come comes as Chakwera’s Tonse government has accumulated over MK13 trillion debt in four years after assumed leadership in 2020.

Dr. Kabambe is also opposition Democratic Progressive Party (DPP) Presidential Aspirant.

Business

265 Energy extends gas products free delivery special offer

MaraviPost

LILONGWE-(MaraviPost)-The country’s premier energy company specializing in the supply of gas and solar solutions 265 Energy Limited has extended gas products free delivery special offer.

The extension offer comes amid overwhelming response from customers on the promotion.

The promotion was initially introduced in May by celebrated and renowned gospel artist and 265 Energy Brand Ambassador, Miracle Chinga.

According to press statement issued on Wednesday, June 5, 2024 signed by 256 Energy Spokesperson Phillip White the offer will now run until June 30 this year.

Miracle Chinga (on top) showcasing some of the gas products 265 Energy Limited sells at competitive prices

White said the company remains committed to keeping every family happy and energised with prices that do not hurt their pockets

“Extending this special offer through June ensures more families can benefit from our affordable and reliable energy solutions.

“This promotion underscores 265 Energy’s dedication to enhancing energy accessibility and sustainability across Malawi, aligning with Miracle Chinga’s mission to positively impact communities,” said White.

He added that items on free delivery special offer include free gas delivery within a 10km radius of the company’s offices, a price of K3,245 per kg of gas, K5,000 gas lighters, K25,000 regulators with gauge and an K8,000 gas pipe per meter.

AMA, Business

Swiss-Belhotel International Expands Presence in MENA Region, Signs Agreement for Swiss-Belresidences Rivan in Cairo, Egypt

MaraviPost

CAIRO, Egypt, 5 June 2024 -/African Media Agency(AMA)/- Continuing its expansion in the Middle East and North Africa (MENA) region, Swiss-Belhotel International, announced today the signing of an agreement for Swiss-Belresidences Rivan, an upscale new residential development, located in Cairo, Egypt.

The agreement was formalised at the Swiss-Belhotel International’s regional headquarters in Dubai on May 14th and the official launch event took place in Cairo on 2nd June, 2024.

This sealed the deal between the owning company Al Tameer Al Arabia for Real Estate Development and Investment Sae and Swiss-Belhotel International.

Eng. Marzouk Mansour Abdelrazek Namnam, owner and CEO of Al Tameer Al Arabia for Real Estate Development and Investment Sae, said, “With our extensive experience in real estate and collaborations with major global companies and consultancy firms, we are unveiling a new vision to revolutionise real estate in Egypt. Our goal extends beyond creating residential, administrative, or commercial units; it is about crafting environments that enhance daily life through upscale and sustainable developments. Our collaboration with Swiss-Belhotel International for developing Swiss-Belresidences Rivan reflects our commitment to creating a new standard for high-end living in Cairo, while contributing positively to the city’s growth.”

Gavin M. Faull, Chairman and President of Swiss-Belhotel International, said, “We are glad to partner with Al Tameer Al Arabia for Real Estate Development and Investment Sae to bring this project to life. The Swiss-Belresidences Rivan in Cairo embodies our commitment to providing high-quality accommodation options in prime destinations. Our growth in the MENA region continues to be a key focus of our global expansion strategy. With our winning partnership philosophy, we work hand in hand with owners and investors to achieve the desired business objectives that the Swiss-Belhotel International is known for globally.”

Laurent A. Voivenel, Senior Vice President – Operations & Development, EMEA & India; Senior Vice President – Group Human Resources & Talent Development at Swiss-Belhotel International, added, “We are delighted to expand our footprint in the MENA region with Swiss-Belresidences Rivan that promises to provide an unmatched living experience to residents in Cairo. The high-end residences will feature facilities tailored to meet the needs of residents that are well-travelled, successful, well-educated and are looking for urban living spaces. With cutting edge technology, on-call services of housekeeping, outdoor catering and community activities, it will fit the rich modern lifestyle requirements. We are committed to fostering a mutually successful long-term business partnership with Al Tameer Al Arabia for Real Estate Development and Investment Sae and grateful for the opportunity extended to us.”

Swiss-Belresidences Rivan, a high-end residential community, is scheduled to open in 2026. Located in the prestigious R7 district of the New Capital, overlooking Central Park, it features landscaped gardens, water features, exclusive clubhouses, and comprehensive security. It is part of Rivan Square, a vibrant shopping, dining, and entertainment destination with retail outlets, restaurants, cafes, and other attractions. The complex also includes Rivan Tower, a 10-floor residential and administrative tower offering panoramic city views.

Distributed by African Media Agency (AMA) on behalf of Swiss-Belhotel International.

Media contact
SBI EMEA

sbiemea@swiss-belhotel.com

The post Swiss-Belhotel International Expands Presence in MENA Region, Signs Agreement for Swiss-Belresidences Rivan in Cairo, Egypt appeared first on African Media Agency.

Source : African Media Agency (AMA)

Business, Entertainment

Reunion Insurance aids Mr Jokes with MK2.5m for Lilongwe comedy night

Maravi Post Reporter

BLANTYRE-(MaraviPost)-Reunion Insurance Company Limited has sponsored “An Experience with Mr. Jokes Comedy Night” to the tune of MK2. 5 million.

The event is slated for the Bingu International Conference Centre (BICC) in Lilongwe on June 29, 2024.

Speaking at Reunion Insurance headquarters in Blantyre during the cheque handover ceremony, Marketing and Business Development Manager, Miller John Joshua said, “Comedy plays a pivotal role in sustaining and enhancing the success of various ventures.

“Mr. Jokes with his unique blend of humor and creativity will bring people who are also our customers together, foster connections, and create shared memories”

He added, “As an Indigenous brand, Reunion Insurance will continue to support and work with different stakeholders in various industries to fulfil its Corporate Social Responsibility tenets as enshrined in its business model”.

Receiving the donation, Mr Jokes real name Andreya Thonyiwa lauded the company for the kind gesture.

Thonyiwa added, “The funds will go a long way in preparations of the event which he is organizing for the first time in Lilongwe after a successful similar event in Blantyre”.

Mr. Jokes also appealed for more partners.  

The event budget is paged at MK10 million.

Other comedians who will perform include Ching’aning’ani, Raphael Sitima, Giring’ande Mr Handsome, Joseph Madzedze, padiwa Khacho and Jadidi.

The event will be spiced up by music performances by Malawi’s Amapiano Queen Jetu, Zeze Kingston, Gibo Pearson, Temwa, Joseph Mkasa, Strongingo, and ADM Dancing Crew.

Reunion Insurance is the fastest growing local insurance company with 12 branches across the country.

Reunion Online also is the first digital insurance purchase platform in Malawi and a network of Brokers and Agents that support its operations.

Business, Regional

Outgoing Airtel Africa chief Segun Ogunsanya honoured as lifetime achiever in business leadership

MaraviPost

LILONDON-(MaraviPost)-The outgoing Airtel Africa Chief Executive Officer Segun Ogunsanya has been named winner of the prestigious Lifetime Achievement Award in the 14th African Business Leadership Awards (ABLA) 2024.

The awards are a flagship annual recognition event run by Africa Leadership Magazine (ALM), aimed at honouring exceptional corporate practice and outstanding achievers in Africa’s business landscape and private sector.

The awards showcase Africa’s businesses and leaders, celebrating exemplary business leadership on the continent.

According to the press statement made available to The Maravi Post, Ogunsanya will be presented with his Lifetime Achievement Award at a special ceremony during the 9th ALM Africa Summit, taking place from 17-18 July 2024 at the UK House of Lords.

The theme of this year’s Summit is ‘Africa Unleashed: Navigating Disruptions, Enhancing Opportunities’, with policymakers, private sector leaders, civil society leaders, thought leaders and stakeholders from across Africa and the rest of the world expected to
attend.

Ogunsanya’s landmark contributions towards advancing Africa’s socio-economic growth and development include his 12-year career at Airtel Africa.

He ran the Nigeria operations of the telecommunications and mobile money company for nine years before his appointment as CEO of the Group in 2021.

With deep knowledge of the continent, coupled with extensive distribution experience, he led the company in maintaining double-digit revenue growth over many quarters and in delivering new, innovative products to its customers across Africa.

Segun has more than 35 years’ business management experience in banking, consumer goods and telecoms.

Before joining Airtel Africa in 2012, he held leadership roles at Coca-Cola Bottling operations in Ghana, Nigeria, and Kenya (as MD and CEO).

Segun has also been the Managing Director of Nigerian Bottling Company Ltd (CocaCola Hellenic owned) and Group head of retail banking operations at Ecobank Transnational Inc, covering 28 countries in Africa.

He is an electronics engineer and a chartered accountant Segun Ogunsanya, CEO of Airtel Africa, said: “I am truly humbled by this recognition alongside such other distinguished Africans. It truly belongs to all those who have been on the journey with me at various times.

“My career has been focused on serving the needs of people across the continent, most recently through enhanced digital and financial inclusion. I remain determined to help make Africa a better place for its people, and hope my journey inspires the next generation of Africa’s business leaders.”

Ogunsanya will retire from Airtel Africa on July 1, 2024, and will become the Airtel Africa Charitable Foundation’s inaugural Chair, building on the work undertaken during his time as CEO, including the launch of the Company’s first sustainability strategy.

Dr Ken Giami, Chairman of the African Leadership Organisation and Publisher of the African Leadership Magazine, said: “Our award winners exemplify the spirit of innovation, resilience and excellence driving growth and development across the continent.”