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

The 10 Greatest Living Business Leaders In Africa Today
  • Sheikh Mohammed Al-Amoudi, Ethiopian.
  • Raymond Ackerman, South African.
  • Aliko Dangote, Nigerian.
  • Manu Chandaria, Kenyan.
  • Onsi Sawiris, Egyptian.
  • Brian Joffe, South African.
  • Strive Masiyiwa, Zimbabwean.
  • Wale Tinubu, Nigerian.

Seeing is believing

…Lessons from Prof. Immanuel Mlenga’s Garden of Eden

By Pius Mtike

Not long ago, an audio clip entitled Hope for Malawi went viral on social media showcasing how Professor Immanuel Mlenga and his wife Nina were championing an initiative coined Edenic Philosophy, a concept that is poised to revolutionize Malawi’s agro-based economy if adopted by many farmers.

On Mother’s Day Holiday 16th October 2023, a group of Zomba-based farmers under the banner of Tilime Whats App group, braved the heatwave to trek down to Mlenga Village, Traditional Authority (T.A) Mwambo in Zomba to interact with Professor Immanuel Mlenga and family to appreciate the practical application of the Edenic Philosophy.

We arrived at “Odi House” at around 10:00 am and we were welcomed by Mlenga himself and his wife Nina, a Ghanaian national and biomedical scientist turned into an organic farmer.

Setting the climate of the learning visit, the industrious Malawian son and ever-smiling Mlenga lightly commented: “We decided to name our home Odi House, because, every day is punctuated by echoes of knocking of visitors from far and beyond who come to learn from us and appreciate our humble contributions to this beautiful nation”.   

The Genesis of Edenic Philosophy 

In his own words, Professor Mlenga gave the background of the Edenic Philosophy saying the Biblical story of the genesis of creation as it began in the garden of Eden which entails that this was the biggest gift God gave to man: “The main purpose for the garden, was for man to co-exist in harmony with all other creatures. This emphasizes that the epitome of God’s creation is the garden. Where man should work in harmony with all other creatures to promote God’s creation”.

According to the philosopher and scholar, the cultivation of land planting of crops, and fruits, and taking care of animals which, we call Agriculture is what Adam was commended to do.

“Through our local garden of Eden, we portray, rubber stamp the importance of Agriculture in our day-to-day lives,” Mlenga explained.

From theory to practice, the couple took farmers around their own local garden of Eden which is endowed with flora and fauna. The garden is a beehive of excellence for integrated agriculture such as fish farming, apiary, irrigation, animal husbandry as well and compost manure production.

“The green canopy at this place is a testimony to the sustainability of the agriculture system being practiced here”. Mlenga emphasized.

Use of organic manure

By the way, Professor Mlenga’s Garden of Eden is organic. Taking her turn Mlenga’s wife, Nina, a biomedical scientist who is championing the production of compost manure, had also lessons to facilitate the benefits of organic farming. According to her, the Biblical Garden of Eden was also chemical-free.

She said: “They never used fertilizer to enhance their crops, instead, they used natural organic manure from leaves and animal dung. The harvest was bountiful.” 

Nina highlighted health hazards that chemicals such as fertilizers pose to our bodies resulting in health issues such as cancer and kidney problems. She emphasized that the use of organic fertilizer promotes good health and longevity.

The nation, according to Professor Mlenga, stands to develop socio-economically if the Edenic concept is adopted. He cited a litany of possible benefits which included national food security, the promotion of food exports which can attract the much-needed forex and create employment, among other benefits.

Learning is dynamic

On exiting the local garden of Eden, the group of farmers had different testimonies to share on lessons learnt.

“Learning is a dynamic process; I have decided to bring my students here soon to enrich them with this practical knowledge of the Edenic Philosophy. The concept is a recipe for the socio-economic transformation of this country. This is a game changer”, confessed the University of Malawi Associate Professor in Economics Gowokani Chijere Chirwa.

James Chiwanda, leader of the grouping and the brains behind Tilime Farmers Group was quick to observe that farmers can achieve a lot if they work together, and Edenic Philosophy was an eye opener.

The group of farmers was also impressed with the way the Mlenga’s are making use of closed Professor Mlenga Academy classroom blocks which have been turned into fishponds, another money spinner. This is one of the wonders in the Mlenga Garden of Eden.

For those planning to replicate the concept of Eden Garden, Mlenga avows free technical advice: “Make sure that you have a good source of water to continuously support life in the garden of Eden: Water! Water! is the heart of the Edenic garden concept”.

Dubai Business Forum set to unlock new trade and investment opportunities between Africa and the Middle East

  • Powered by Dubai Chambers, the transformational two-day forum will bring together key public and private sector stakeholders from across the globe to forge partnerships, cultivate international networks, and unlock a world of opportunities.
  • H.E. Abdul Aziz Abdulla Al Ghurair: “This prestigious event will serve as a catalyst for change by creating an unrivalled platform for networking and dealmaking that will empower business leaders from across the globe and reinforce Dubai’s position at the heart of the global economy.”

LAGOS, Nigeria, 24 October 2023 -/African Media Agency (AMA)/- Under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, Dubai Chambers has announced the launch of the Dubai Business Forum, a key event in the advancement of trade and investment between Africa and the Middle East.

The prestigious event will be hosted at the city’s Madinat Jumeirah from 1–2 November 2023 under the theme ‘Shifting Economic Power: Dubai and the Future of Global Trade.’

According to data from Dubai Chamber of Commerce, the Southern Africa region recorded the highest regional growth in the value of chamber members’ exports and re-exports during H1 2023. This key economic indicator witnessed year-on-year growth of 81% to reach a total value of AED 477.2 million, up from AED 264 million in the corresponding period in 2022.

As one of the six new nations set to participate in the BRICS bloc from the start of 2024, the UAE will play a significant role in reshaping the world economy to level the playing field for regions like Africa. The talks at the Dubai Business Forum will play an important role in determining the future direction of trade and investment between the Middle East and Africa.

Powered by Dubai Chambers, the transformational two-day forum will bring together key public and private sector stakeholders from across the globe to forge partnerships, cultivate international networks, and unlock a world of opportunities.

With Dubai leading the world across a wide range of industries, and particularly in future-facing sectors, the forum will gather visionary Heads of State, government officials, global business leaders, and major international investors to redefine the rules of success. The event is set to bring together leaders from sectors including technology, retail, finance, travel and hospitality, real estate, and healthcare to participate in insightful discussions on transforming business for the future.

His Excellency Abdul Aziz Abdulla Al Ghurair, Chairman of Dubai Chambers

His Excellency Abdul Aziz Abdulla Al Ghurair, Chairman of Dubai Chambers, commented: “This prestigious event will serve as a catalyst for change by creating an unrivalled platform for networking and deal-making that will empower business leaders from across the globe and reinforce Dubai’s position at the heart of the global economy. We look forward to hosting insightful sessions that will unlock new opportunities for growth in trade and investment and transform the future of business.”

As part of Dubai Business Forum, Dubai Chambers is also unveiling ‘The Deals Hub’ to unlock global trade and investment opportunities. The dedicated dealmaking space will host a full spectrum of agreements including major partnerships, joint ventures, mergers and acquisitions, IPOs, large investments and fundraising rounds, government contracts, cross-border trade agreements, and memorandums of understanding.

Dubai’s strategic location as a global gateway for business and international trade positions it as the ideal venue to host an event of this significance. Recognised as one of the world’s leading centres for innovation and partnerships, the emirate serves as a commercial bridge connecting continents that drives economic growth and global collaboration.

Distributed by African Media Agency on behalf of Dubai Chambers.

Dubai Chambers is a non-profit public entity that supports Dubai’s vision as a global player by empowering businesses, providing innovative value-added services and access to influential networks. In March 2021, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced the restructuring of Dubai Chamber and the formation of three chambers for the emirate, namely, Dubai Chamber of Commerce, Dubai International Chamber, and Dubai Chamber of Digital Economy, which now operate under Dubai Chambers. For more information, please visit us on: 

www.dubaichambers.com 

Follow us on: 

www.facebook.com/DxbChambers

www.twitter.com/dubaichambers

www.linkedin.com/company/dubai-chambers

www.youtube.com/DubaiChamberTV

www.instagram.com/dubaichambers

For more information, please contact:

Mohamad Mouzehem

PR & Corporate Communications

Tel: +971 4 2028537

Email: mohamad.mouzehem@dubaichamber.com 

The post Dubai Business Forum set to unlock new trade and investment opportunities between Africa and the Middle East appeared first on African Media Agency.

Source : African Media Agency (AMA)

Old Mutual equips 45 Mzuzu youths with entrepreneurship skills

MZUZU-(MaraviPost)-With support from Old Mutual, 45 young people have completed their one-month-long training in entrepreneurship and ICT-related skills which included phone and home gadgets repair in Mzuzu over the past weekend.

Old Mutual invested MK7 million in the training which Sanwecka Tech Companions implemented in collaboration with Mzuzu City Council.

Speaking during the close of the training at Mzuzu Sunbird Hotel, Old Mutual Marketing and Corporate Affairs Manager, Patience Chatsika said their company is excited to continue impacting the youth by partnering with organizations like Sanwecka Tech Companies and Mzuzu City Council.

“We would want to alleviate poverty by ending unemployment and making and helping the youth to become self-reliant,” she said.

Mzuzu City Council Director for Parks, Wildlife and Environment Yotamu Mtafya commended Old Mutual for the support to the youth saying it will help to reduce poverty.

Kabambe advises Chakwera on public resources expenditure reduction for possible economic recovery



BLANTYRE-(MaraviPost)-One of the opposition Democratic Progressive Party (DPP) Presidential aspirants and former Reserve Bank of Malawi (RBM) Governor Dr. Dalitso Kabambe has advised President Lazarus Chakwera’s Tonse Alliance government to reduce its expenditure in order to recover the bleeding economy.

Currently, the country is struggling to import various essential commodities such as fuel and medical drugs due to the shortage of forex.

In his comment, Kabambe, Malawi’s renowned economic expert attributed the current situation to poor fiscal, monetary, and exchange rate policies.

Kabambe

He agreed to the majority calls for the reduction of presidential trips, both local and international, to save public resources including forex.

“Let us wake up and save the public resources. Let us cut unnecessary travels that can contribute to the decline of our economy,” advised Kabambe.

Born on November 27, 1973, Dalitso Kabambe is an economist, banker and politician.

He served as the 13th Governor of the Reserve Bank of Malawi from 2017 until 2020.

Kabambe holds a Ph.D. and a master’s degree in Development Economics from Imperial College, University of London, United Kingdom which he obtained in 2008 and 2001 respectively.

He got his first degree from the University of Malawi in 1998.

He is eyeing for Malawi’s presidential seat during the 2025 tripartite elections

Bybit Web3 IDO Adds Pop Social (PPT) to Its Roster, Enabling Access to the Ultimate Web3 AI Social Experience

DUBAI, UNITED ARAB EMIRATES, 20 October 2023 -/African Media Agency(AMA)/- Bybit, the world’s third most visited crypto exchange, is excited to announce the launch of Pop Social on its Web3 IDO platform. Bybit users can now participate in the token sale of Pop Social (PPT), the ultimate Web3 AI social media platform, and be part of the groundbreaking community. 

Pop Social aims to revolutionize the social media landscape by fostering an engaging, social experience driven by user-generated content. By democratizing content ownership and empowering the AI creator economy, Pop Social bridges the gap between conventional social media platforms and the Web3 shared social experience. Bybit is proud to support this innovative project and welcome the next billion users into the world of Web3. 

“Bybit is dedicated to advancing innovation in crypto and driving global adoption of Web3,” said Ben Zhou, co-founder and CEO of Bybit. “The launch of Pop Social on our IDO platform gives users early access to promising projects at the forefront of social media’s transition to AI and blockchain technologies. Our community can now help guide emerging ventures and be part of building the future of this exciting industry.” 

During the Bybit IDO, a total of 500,000 PPT tokens will be allocated, representing 0.25% of the total max supply. Bybit users can purchase PPT tokens at a price of 0.1 USDT per token, making it accessible to join. To participate in the Bybit Web3 IDO, users must possess a Bybit Wallet with a minimum balance of 250 USDT (BNB Chain) and 0.1 BNB (BNB Chain). For more information, please visit here.

Distributed by African Media Agency (AMA) on behalf of Bybit.

About Bybit

Bybit is a cryptocurrency exchange established in 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions, the Oracle Red Bull Racing team, esports teams Astralis, Alliance, Made in Brazil (MIBR), and Oracle Red Bull Racing Esports. 

For media inquiries, please contact: media@bybit.com 

For more information please visit: https://www.bybit.com

For updates, please follow: Bybit’s Communities and Social Media

The post Bybit Web3 IDO Adds Pop Social (PPT) to Its Roster, Enabling Access to the Ultimate Web3 AI Social Experience appeared first on African Media Agency.

Source : African Media Agency (AMA)

Airtel Malawi aids MK10 million towards Presidential charity golf tournament

LILONGWE-(MaraviPost)-Airtel Malawi Plc has today contributed MK10 million towards the presidential golf tournament being held this weekend, Saturday, October 21, 2023.

The presidential golf tournament, being held under the theme ‘swing to serve ‘, is an initiative by the president to support needy tertiary students and survivors of cyclone Freddy and other natural disasters.

The initiative aligns with Airtel Malawi Plc’s corporate social responsibility of supporting and uplifting communities, more especially vulnerable groups as well as champion education in the country.

Airtel Malawi’s Managing director, Charles Kamoto said: “It is the responsibility of every Malawian to contribute towards the country development. Our efforts to re-build Malawi after the devastating effects of cyclone Freddy are at the center of our hearts.

“When the environment that we operate it is better, the economy is better, and we serve our customers better.

Kamoto further added that the donation will help mitigate the challenges that most people affected by the cyclone were facing and enable students facing financial constraints to be able to stay in school and get education.

“We are very grateful to Airtel Malawi for heeding to the President’s call for support as he fundraises for the underprivileged especially victims of Cyclone Freddy and needy students pursuing tertiary education,” said Norah Nsanja who received the symbolic electronic transaction transfer of the MK10 million donation

FBS Welcomed 200 Traders at Its Seminar in Lagos, Nigeria

LAGOS, Nigeria, 20 October 2023 -/African Media Agency(AMA)/-  FBS, a leading global broker, successfully ran an exhaustive trading seminar in Lagos, Nigeria, having launched a series of FBS-hosted expert events in the country. The first seminar attracted approximately 200 guests seeking opportunities to enhance their proficiency in trading and financial markets.

“Running our trading seminars in Nigeria, FBS follows our mission to create opportunities for traders worldwide, helping them enhance their knowledge and skills. Our FBS team was particularly excited to welcome many guests at the first event. The success of this seminar in Lagos inspires FBS to continue providing our traders with the tools and resources they need to succeed in the financial markets. We look forward to seeing even more participants in the future,” said Diego Lima, FBS Business Development Lead in the African Region.

During the insights part of the seminar, FBS’s experts spoke about the role of income source diversification and leveraging principles to achieve financial goals. The guests could also improve their knowledge of financial markets, Forex, CFD trading, risk management tactics, and financial market analysis, which are equally crucial for novice and experienced traders.

Not only was this seminar full of insights and free of charge, but it also had a dynamic and interactive atmosphere created by FBS. Following its unique approach to equipping traders with relevant trading tools and knowledge, FBS offered a bunch of entertaining brand activities for its audience. Guests could participate in giveaways and raffles, where lucky traders won an iPhone, bonus coupons for trading, and FBS merchandise kits.

“I was absolutely impressed with the quality of content and the speakers’ presentation skills. FBS’s commitment to transparency was evident throughout the seminar. I will use my lucky coupon to test the strategies covered at the event,” said Akeem Richard Ailoje, trader and FBS seminar guest.

To learn more about FBS, its initiatives, and upcoming events, visit www.fbs.com.

Distributed by African Media Agency (AMA) on behalf of FBS.

About FBS

FBS is a licensed global broker with over 14 years of experience and more than 75 international awards. FBS is steadily developing as one of the market’s most trusted brokers, with its traders numbering more than 27,000,000 and its partners exceeding 500,000 around the globe. FBS is also the Official Partner of Leicester City Football Club.

Media Contacts

FBS Press Office

press@fbs.com

The post FBS Welcomed 200 Traders at Its Seminar in Lagos, Nigeria appeared first on African Media Agency.

Source : African Media Agency (AMA)

PIL supports Blantyre Police CCTV initiative

BLANTYRE-(MaraviPost)-Petroleum Importers Limited (PIL) has supported the initiative by Blantyre Police Station to install CCTV cameras in and around Blantyre City with two 43-inch UDH monitors and power beam transmitters worth K3 million.

Speaking during the handover ceremony on Thursday, PIL’s Finance and Administration Manager, Kambani Mchiela said management felt duty-bound to support the initiative considering increased criminal activity within Blantyre CBD and in various locations around the city.

“The introduction of security cameras acts as both a deterrent and a tool for investigating crime within the city. This will ultimately result in the reduction of crime as well as lead to successful conviction of criminals.”

“We believe that the donation we are making today towards this initiative will contribute to a safer and more secure business environment for our stakeholders, employees, and the public within the city. We believe that a safe and secure environment is a prerequisite for success for any business,” said Mchiela.  

Representing Blantyre Police at the event, Superintendent Jackson Silungwe thanked PIL for the timely response which he believes symbolises the great passion the company has for working with the Malawi Police Service in crime and traffic management.

“The donation that we are receiving today, will assist in the monitoring of crime and traffic in the city.   Our belief is that by putting up these cameras, robbery cases that were rampant will easily be managed, traffic congestion will easily be monitored and Police will have little challenges in managing crime,” said Silungwe.

Blantyre Police plans to install 50 cameras to help create a safe and secure environment for all the residents and business operators in the city, especially in the crime hotspot areas

NBS Bank in Customer Service celebration 

LILONGWE-(MaraviPost)-NBS Bank Plc has intensified activities designed to express gratitude and strengthen the bond between the Bank and its customers as the Malawi Stock Exchange listed commercial bank celebrates Customer Service Month in October.

The Bank’s Head of Marketing and Customer Experience, Tamanda Ng’ombe, said the Bank underscores its unwavering commitment to a customer-first approach and appreciation for internal and external customers.

Ng’ombe said that during the first week, customers had the opportunity to engage with Service Centre Managers in conversations about their banking experiences, fostering a sense of personal connection.

“The customer engagement activities allowed customers to meet with the management of each service center they visited, reinforcing the Bank’s appreciation for their loyalty. These interactions demonstrated that the Bank genuinely cares about its customers’ well-being and values their business,” said Ng’ombe.

She further said the Bank continues to shine on customer service excellence, re-enforcing the Bank’s dedication to its customers who are invaluable assets in a competitive market.

“Throughout the second week, NBS Bank further solidified its commitment to exceptional customer service through its pledge wall initiative. Staff members within the Bank made pledges, promising to uphold the highest service standards, not just during Customer Service Month, but throughout the entire year. This commitment extends beyond external customers; it acknowledges that staff members are also customers to each other, emphasizing the importance of internal customer service,” explained Ng’ombe.

An NBS Bank customer, Madalitso Masina, who runs a hardware shop in Salima said in an interview he is satisfied with how the Service Centre is attending to customers.

“We are getting better services than before; the Bank is now responding to queries faster even when there are long queues,” said Masina.

Customer Service Week is an international celebration of the importance of customer service and of the people who serve and support customers on a daily basis. It is celebrated annually during the first full week in October. NBS Bank has taken it a step further to celebrate customer service for the whole month of October.