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.

Karonga folks want to chase out slow stadium constructor

Irate Karonga residents have threatened to ‘deal with’ a contractor who failed to complete building their stadium in time.

The contract to build the stadium was awarded to Nangaunozge Building Contractors in 2015.

Maravi Post has established that the stadium was expected to end last month after government gave the contractor another 30 days to complete the project.

The development has angered the residents who want the contractor to leave the district and that government should find another contractor to finish the project.

Youth activist Steven Simsokwe who is the leader of the pressure group confirmed their plan to push out Nangaunozge to this reporter.

According to Simsokwe, there is no way of keeping the contractor that has failed them in the district.

“We are shocked and tired to hear that the contractor is seeking for another extension. We also wonder why government is backing the contractor. Imagine, contractors that are carrying the same project and started at the same time in other districts already finished their job. That’s why we are saying enough! The contractor should leave the district or we shall handle the problem in our own way,” charged Simsokwe.

LDF Head of Development Communication, Booker Matemvu, told this reporter in an interview that his office was equally concerned with the slow progress of Karonga Stadium and that they are in the process of terminating the contract.
“In terms of progress, we are also concerned with Karonga Stadium because it is the slowest amongst the five stadia constructed in the country. We are currently in discussion with the contractor to see how best things can move forward,” said Matemvu.
Henry Mpofu Shaba, owner of Nangaunozge Building Contractor, said the delay is due to heavy rainfall that hit the district and lack of funds. He said the community should expect the stadium to end this year.

CIM gets K2M injection towards annual meet

BLANTYRE, Sept 6, 2017—Malawi’s integrated mobile network and ICT service provider TNM, will showcase its latest digital capabilities across mobile and data platforms at this year’s Annual Lakeshore Conference of the Chartered Institute of Marketing (CIM)-Malawi Group.

Under the theme; “Internet of Things: Big Data Maximization,” this year’s lakeshore conference will take place in Mangochi from September 14 to 17, 2017.

TNM has partnered CIM as the official mobile and ICT partner of the conference and has contributed towards hosting the event. Continue reading CIM gets K2M injection towards annual meet

Malawi Govt launches ambitious US$268 million development program document

LILONGWE-(MaraviPost)-The Malawi Government through Ministry of Local Government and Rural Development, on Wednesday launched the much awaited Program Support Document (PSD) to enhance efforts towards improving quality of livelihoods for all Malawians.

The PSD, runs from 2017 to 2022, and aims harmonize all the ministry policy documents, reviews, and studies recently conducted, is to accelerate inclusive local governance and participatory democracy for effective social and economic development.

The 5-year development document, is estimated at MK206 billion (US$268 million) that Government has demonstrated commitment to ensure sustainable rural development in the country. Continue reading Malawi Govt launches ambitious US$268 million development program document

Airtel responds to Bwaila Hospital’s SOS

LILONGWE-(MaraviPost)- In response to Bwaila Hospital’s call for assistance, telecommunication company Airtel Malawi on Thursday donated medical essentials worth about MK3 million.

Receiving the donation, Lilongwe District Health Officer Dr. Alinafe Mbewe, commended Airtel for the timely donation.

Airtel Ambassador Mwawi Kumwenda donating medical items to Bwaila hospital

The donated items included, among other items, gluci injections, corphyllin injections, ww-Oxycontin, paracetamol, hydralazine injections, heavy duty sanitary gloves, gauze squares, chlorine, urine dip sticks, Macintosh sheets, sterile gloves, nifocor and nifedipine.

Speaking after donating the items, Airtel Malawi’s Facilities Manager Dorothy Bwanali applauded the hospital staff and mothers for rising above the resource challenges that Bwaila and most hospitals in Malawi are continuing to face.

“The fact that Bwaila Maternity ward delivers up to 50 babies a day against various resource challenges of inadequate medicine, beds and even mattresses is a marvel,” said Bwanali.

On her part, Dr. Mbewe highlighted the Lilongwe DHO’s other health centres like Area 25, Nathenje, Chileka, Mitundu and Kabudula also require support with medical equipment.

“These items have come at the right time for our maternity ward which utilizes a lot of resources due to the number of births we have on a daily basis,” Dr. Mbewe said.

Government hails TNM on ICT innovations

Minister of Information and Technology and Communications Nicholas Dausi this week commended Malawi’s integrated mobile network provider TNM for pioneering innovative ICT products and services in the country.

Dausi said this in Lilongwe during the launch of TNM 4.5 G/LTE dubbed: “Think Digital.”

Dausi said the Think Digital platform complements Government’s efforts in meeting the aspirations of the nation. Continue reading Government hails TNM on ICT innovations

Airtel Completes Upgrade Exercise, Expands Coverage

Malawi’s mobile giant Airtel Malawi says it has completed a network upgrade exercise that has expanded its network coverage, data services and laid the groundwork for a yet-to-be-launched 4G package.

In a media release issued Monday, Airtel says the exercise ran from May to August 2017 and started with the cities of Mzuzu, Lilongwe and Blantyre before proceeding to the rest of the country. Continue reading Airtel Completes Upgrade Exercise, Expands Coverage

IMF and Malawi Government agree on ECF priorities; seek to enhance competitiveness

Christine Madeleine Odette Lagarde
Christine Madeleine Odette Lagarde is a French lawyer and politician who has been the Managing Director of the International Monetary Fund since 5 July 2011

LILONGWE-(MaraviPost) – The Malawi Government through Ministry of Finance and International Monetary Fund (IMF) this week agreed on the implementation of the Extended Credit Facility (ECF) priorities in the next program.

The ECF Malawi program agreements focus on increasing growth and reducing poverty, to consolidate the hard-won macroeconomic stability.

The agreement took centre-stage during a two-day conference held in the capital Lilongwe between the two parties, which took stock of the objectives and performance of the ECF, and the lessons for future engagement. Continue reading IMF and Malawi Government agree on ECF priorities; seek to enhance competitiveness

Malawi Government hails TNM on ICT innovations

Dausi
Minister of Information and Technology and Communications Nicholas Dausi has commended Malawi’s integrated premier mobile network provider TNM for pioneering innovative ICT products and services in the country.

Minister of Information and Technology and Communications Nicholas Dausi has commended Malawi’s integrated premier mobile network provider TNM for pioneering innovative ICT products and services in the country.

Dausi said this in Lilongwe during the launch of TNM 4.5 G/LTE under the banner Think Digital

Dausi said the think digital complement the government efforts in meeting the aspirations of the nation Continue reading Malawi Government hails TNM on ICT innovations

CFO Simwaka appointed Acting CEO of Standard Bank

Simwaka
CFO Simwaka appointed Acting CEO of Standard Bank

Lilongwe– Chief Financial Officer Temwani Simwaka was this week, appointed Acting Chief Executive Officer of Standard Bank, following the relocation of Andrew Mashanda to the Standard Bank Group in Nigeria.

Mashanda left the office 31st August 2017 takes on a different role within the Standard Bank Group, after completing four years of leading the Malawi Bank’s operations. Continue reading CFO Simwaka appointed Acting CEO of Standard Bank

ESCOM disconnects power to Blantyre Water Board

Water Taps
water taps are dry.

The Electricity Supply Corporation of Malawi (ESCOM) on Friday disconnected electricity power to Blantyre Water Board offices due to non-payment of bills, Maravi Post has established.

Confirming the development, ESCOM Public Relations Officer Kitty Chingota said this was done after several warnings. Continue reading ESCOM disconnects power to Blantyre Water Board