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.
Business

Malawi 2017 tobacco earnings soar by 23%; fetch US$212

Lloyd M’bwana
Malawi Tobacco
File Photo: Tobacco: Malawi’s forex earner

LILONGWE-(MaraviPost)-The country’s final consolidated figures for this year’s tobacco earnings have been pegged at US$212 million, it has been learnt. This is the summing gross collection statistics released by regulatory body, Tobacco Control Commission (TCC) saying the earnings surpass last year’s by 23 percent.

In 2016, a total of 194 million kilograms of tobacco was sold at an average of US$1.42 per kg in which the country realized US275 million.

This was a drop from US$362 million of 168 million kg of tobacco sold in 2015 whilst this year 107 million kilograms went through the auction. This represents a 45 percent increase in terms of volumes sold. Continue reading Malawi 2017 tobacco earnings soar by 23%; fetch US$212 →

Business, SADC

Saulos Chilima dares commercial banks on affordable and quality services provision

Lloyd M’bwana
Malawi Reserve Bank
Reserve Bank of Malawi says economy recovering, forecast robust growth

MANGOCHI-(MaraviPost) – Malawi’s Vice President Saulos Chilima, on Friday challenge commercial banks to critically reflect on their services to customers to enhance the country’s economic growth.

Vice President Chilima dared the banks to extend their loan portfolio by making their conditions attractive and affordable to ordinary Malawians.

Chilima was speaking at this year’s second Bankers Association of Malawi (BAM) annual conference in the

Continue reading Saulos Chilima dares commercial banks on affordable and quality services provision →

Business, SADC

Chief Secretary Muhara says Public Sector Reforms, key to Malawi economic independence

Malawi News Agency (MANA)
LLoyd Muhara
CHIEF SECRETARY TO THE GOVERNMENT MR. LLOYD MUHARA

Chief Secretary to the Government Lloyd Muhara, this week described the Public Service Reforms Agenda as key to the Malawi’s transformation into economic soundness and independence.

Muhara made the assertion in Lilongwe on Monday when he presided over the opening of a five-day sectoral conference on the implementation of the Public Sector Reforms.

The conference, designed for Government Ministries, Departments and Agencies (MDAs), implementing the reforms, aims to share notes on experiences, progress and challenges since the launch of the Agenda in February 2015. Continue reading Chief Secretary Muhara says Public Sector Reforms, key to Malawi economic independence →

Business, SADC

2017 Malawi tourism expo estimated to cost MK75 million; Minister Mussa seeks financial support

Lloyd M’bwana
Minister Henry Mussa
Labour Minister Henry Mussa

LILONGWE-(MaraviPost)-This is year’s Malawi tourism expo is estimated to cost about MK75 million to host according to event organizers.

The Minister of Industry, Trade and Tourism, Henry Mussa told the news conference this week in the capital Lilongwe that the tourism expo will require much material and financial support to be successful.

Mussa disclosed that although there is need to source more funds, all is set for the event with the call that stakeholders in the industry must come forward with any support for the smooth running of the event. Continue reading 2017 Malawi tourism expo estimated to cost MK75 million; Minister Mussa seeks financial support →

Business, SADC

TICAD Ministerial Meeting in Maputo to assess progress made since 2016 Nairobi Summit

Maravi Post Reporter
Felipe Jacinto Nyusi,
H.E. Felipe Jacinto Nyusi, President of the Republic Mozambique

A year after a landmark TICAD VI Summit, stakeholders will meet from 24 August to 25 August in Maputo, Mozambique, to assess commitments to advance African development

New York, 22 August, 2017 — The Government of Mozambique will host a Ministerial Meeting of the Tokyo International Conference on African Development (TICAD), Thursday 24 August to Friday 25 August 2017 in Maputo, Mozambique. Co-organized by the Government of Japan, the United Nations Office of the Special Advisor on Africa, the United Nations Development Programme (UNDP), the African Union Commission and the World Bank, the 12th Ministerial Meeting under the TICAD process takes place a year after the landmark TICAD VI Summit in Nairobi, Kenya. The Nairobi Declaration and the Nairobi Implementation Plan adopted on 29 August 2016, outlined actions to be taken by Africa and its partners to accelerate progress towards the Sustainable Development Goals and African Union’s Agenda 2063. Continue reading TICAD Ministerial Meeting in Maputo to assess progress made since 2016 Nairobi Summit →

Business, Technology

Malawi’s rare earth minerals on demand in India

Lloyd M’bwana
Indian Business Team
Malawi’s rare earth minerals on demand in India

LILONGWE-(MaraviPost) – There is a huge demand for Malawi’s rare earth minerals in India, which the country cannot afford to miss out from amassing the much needed forex, it has been learnt.

The development comes barely a month after the country launched the much awaited Extractive Industry Transparency Initiative (EITI) report in July this year.

 

The report, which is the first of its kind in Malawi, aims to attain world-compliant status in the extractive industry with focus on the management of mining, oil, forestry, and gas extractive products. Continue reading Malawi’s rare earth minerals on demand in India →

Business

Malawi’s inflation down to 10.2% in July; food prices fall

Maravi Post Reporter
Gas Station in Malawi
Fuel prices maintained

LILONGWE-(MaraviPost) – The National Statistical Office (NSO) reports that Malawi’s inflation steeped downward by 1.1 percentage points from 11.3 percent in June to 10.3 percent in July.

An NSO statement released on Tuesday, states that this is the result of falling food prices in the market.

It further states that urban and rural rates stand at 9.3 percent and 11.0 percent respectively. On the overall, food inflation stands at 7.4 percent from 9.3 percent in June 2017, while non-food inflation stands at 12.7 percent from 13.2 percent in June 2017. Continue reading Malawi’s inflation down to 10.2% in July; food prices fall →

Business

Ways In Which Small Businesses Must Deal With Debt Problems

MaraviPost
small business Debt
How to Deal with Small Business Debt

As a small business you surely have more risk of running into debt when compared with the large organizations. As a matter of fact, a majority of small businesses have very few things on which they can fall back which often leaves the business owner and the family in sheer mess in a pool of debt. During a time when the economic climate seems to be dull and large companies need to struggle to survive in the market, small companies fall prey to the risk of debts. Even before your small business becomes a victim of debts, working on some of the strategies that can help you get respite from debts makes real sense. What you must know is how to pay off the business debts following a methodological approach. Continue reading Ways In Which Small Businesses Must Deal With Debt Problems →

Business

Mpamba, Azam TV announce partnership

Ausborn Banda
jonazi

…… Azam customers to pay monthly subscriptions through Mpamba

Malawi’s integrated premier mobile network and ICT provider, Telekom Networks Malawi (TNM) is pleased to announce that it has partnered with Azam TV to allow customers to pay monthly subscription through TNM’s mobile money platform Mpamba.

Announcing the partnership TNM’s Senior Manager- Consumer Services

-said the agreement accords TNM Mpamba users the opportunity to pay their AZAM TV subscription any time, any day and anywhere.Jonazi said

“this innovation presents convenience to our customers and knocks out any costs that may have been incurred when travelling long distances to pay for their bills.The Mpamba platform as a payment platform also grants the user of the service utmost safety as it is done electronically without having to carry any cash,” said Jonazi.

He said transacting through Mpamba offers users of the service the most secure, trusted and safest mode of payment.

The Senior Manager – Consumer Services added that Mpamba as a wallet offers the user the luxury of using the facility as and when that user feels appropriate.

To pay for AZAM subscriptions, any TNM Mpamba customer is simply required to dial *444# select 3 for payments, 2 for subscriptions and follow onscreen prompts.