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.

Malawi Immigration Department beats revenue targets; collects MK7.4

Malawi Passport
Malawi Immigration Department beats revenue targets; collects MK7.4 billion against MK6.9b,

LILONGWE-(MaraviPost)-The Department of Immigration and Citizenship Services has beaten the revenue collection targets of MK6.9 billion, raising MK7.4 billion in the yet to end 2016/2017 financial year.

 

This fete has been achieved despite numerous challenges rocking the department, among them the increased cases of illegal or irregular migrations into the country.

 

The agency’s Director-General, Masauko Medi, told the Defence, Security and International Relations Parliament cluster that the revenue collected, is attributed to staff hard work and dedication. Continue reading Malawi Immigration Department beats revenue targets; collects MK7.4

Malawi President Mutharika huddles with vendors at Sanjika Palace

Mutharika and Frank Malunga (right)
Chairperson for Blantyre Vendors Association Frank Malunga (right) briefing President Mutharika at Sanjika palace in Blantyre – Pic by Francis Mphweya
Blantyre, May 27, 2017: President Peter Mutharika, on Saturday met vendors from Blantyre and Zomba at Sanjika Palace, to chart the way forward on government’s efforts to create a fertile business environment for them.
Mutharika mentioned the electrification of 336 trading centers as one of the initiatives by government, aimed at improving the business environment for Small and Medium Enterprises (SMEs) in the country.

Continue reading Malawi President Mutharika huddles with vendors at Sanjika Palace

Construction of Zomba Community Stadium starts next week

Mulanje Stadium: Another newly constructed Stadium – File Photo
MANA. Zomba, May 28, 2017: The construction on Zomba Community Stadium is expected to start this week. This follows the signing ceremony of a contract between Zomba City Council and DEC Construction.
According to Principal Secretary for the Ministry of Local Government and Rural Development, Kiswell Dakamau, who presided over the ceremony, the project will comprise construction of VIP Stands, renovation of the monument hall, car park, and ground leveling works, among other things.
Dakamau urged the contractor to construct a modern facility that will stand the test of time, and also match the status of Zomba City. He added that government is not pleased with construction works of some contractors who deliver substandard services after being awarded contracts.

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Continue reading Construction of Zomba Community Stadium starts next week

TCC calls for crop diversification amid anti-tobacco campaign

Malawian farmer working in her tobacco farm

LILONGWE-(MaraviPost)– The Tobacco Control Commission (TCC) on Wednesday, urged tobacco farmers in the country to incorporate other cash crops for sustainability of their income, amid the green gold’s daunting marketing.

The call comes following the World Health Organization (WHO)’s anti-tobacco campaign which is threatening the crop’s marketing power in most developing nations, including Malawi.

The WHO is using the Framework Convention on Tobacco (WHO FCTC), the world’s most powerful tool to tackle tobacco’s negative impact on development. Continue reading TCC calls for crop diversification amid anti-tobacco campaign

TNM appointed Samsung Galaxy S8 exclusive distributor in Malawi

 

TNM logo

BLANTYRE-(MaraviPost)–In its quest to continuously provide its clientele with the latest in technological innovations, TNM has partnered with IT Centre as the official exclusive provider of the newly-released Samsung Galaxy S8 in Malawi, using its LTE/4G network.

The phone will be available from TNM under the Ultimate Contract package. With this package, the user will get the S8+launch kit (fast battery charge kit), clear back cover and screen protector, +Dex station+ keyboard, and mouse.

The dock urns the mobile into a desktop PC, which enables users to seamlessly access apps, edit documents, browse the web, watch videos, reply to messages, and more, directly from the smartphone on a larger display ( Smart TV), with keyboard and mouse”

Launched on April 28th, the S8, has so far received a lot of positive reviews, and boasts of several special features, including Infinity Display – the Galaxy S8’s expansive display stretches from edge to edge, giving owners the most amount of screen view in the least amount of space. Bixby is the intelligent interface that is built into the Galaxy S8. Front camera -8 MP Selfie Camera, is another added feature.

Breaking the good news, the Chief Officer, Enterprise Services, Vishwajeet Deshmukh, said TNM has been chosen to pioneer the S8 in Malawi, because it is the only Malawi mobile telecommunication operator providing the LTE/4G network platform, which complements the Samsung Galaxy S8 technology.

“The best network platform, has partnered the best in smart phone technology. The S8 is another cutting-edge innovation from Samsung, which allows users to enjoy high class design, and exciting experience that TNM offers through its LTE/4G network platform,” he said.

Deshmukh said the S8 is compatible with TNM’s expanded LTE/4G network coverage, and offers transmission speeds of up to 100 Megabits per second for downloads. This allows the users to fully experience the best of what S8 can offer,” he added.

 

Shepherd Bushiri Investments partners with Google

Prophet Bushiri

Shepherd Bushiri Investments (SBI), the holding company owned by charismatic millionaire Prophet Shepherd Bushiri has entered a groundbreaking partnership with the world’s most valuable and richest company, tech giant, Google.

The tech Giant Google, which is bolstering its presence in emerging markets like Kenya, Nigeria, and South Africa is said to have identified SBI as a potential strategic partner due to its reach, influence, and value as a company and brand.

Alphabet, the parent company that owns Google, among other firms, is worth over $750 Billion dollars, but its looking to expand into African markets, and is identifying valuable partners.

The exact details of the partnership have not been revealed yet, although, representatives of both SBI and Google met in Kenya this week to discuss the nitty-gritties of the partnership.

Speaking to this reporter, the President of SBI, Prophet Shepherd Bushiri stated that, Google’s general goals, directive, drive and initiative had moved him to agree to their advances.

“I think, when we were first approached, we were not sure how to proceed as a firm. I think any business admires to be like Google, to penetrate global markets, to increase monetary value and market capitalization in the manner that they have. Our point of meditation was just how we could come into the equation.

But, after sitting down, hearing them out, we understood that, their organizational intentions are a mirror image of ours. Our values reflect each other. Things like access to internet for all human beings, making data connectivity a basic right, changing the world through groundbreaking technology and apps.

Shepherd Bushiri Investments hits global landmark: Partners with  tech giant Google

As SBI we have already demonstrated through the launch of Bushiri Buzz, and PSB Network, that we have a deep motivation to become a global player in the tech industry. This is something that has been identified by the big giants of tech, and areas which we wish to partner.”

Prophet Bushiri added that there should be no surprise about such developments.

“Look, at SBI, we have SBI Airlines, SBI Technologies, SBI Consultancy, SBI Media, and many others. We are a billion dollar inventory firm. It is normal that other big players look for partnerships with us.”
The man of cloth added that further details would be added during the course of the week and the month.

“This is just the beginning. We will be a major player. We have a presence in all of Africa’s biggest economies, and will be implementing terms of this partnership. It will be epic.”

Over 30 foreign nationals and Malawians jailed for encroaching at Lengwe National Park

Lengwe National Park
Lengwe National Park Pic By Malawi Tourism

BLANTYRE-(MaraviPost) – The Blantyre Magistrate Court this week, sentenced 35 foreigners and Malawians to 18 and 12 months with hard labor, respectively for illegal logging in Lengwe National Park, in the Lower Shire district of Chikhwawa.

 

The convicts are two Chinese, 23 Mozambicans, and ten Malawians who were found guilty on three counts of entering into a protected area; conveying, possessing, and using prohibited weapons; and disturbing indigenous species in a protected area.

According to the Court records, the convicts were caught extracting Mopani trees from the National Park and exporting them to Mozambique for sale. Continue reading Over 30 foreign nationals and Malawians jailed for encroaching at Lengwe National Park

Sugar scarcity hits Malawi market: Cama demands explanation from Trade Ministry and Illovo

Ilova Sugar
Illovo Sugar (Malawi) Limited Hiking prices blaming Inlfation

BLANTYRE-(MaraviPost)– The country’s consumers have expressed great concerns over the scarcity of sugar, which some traders have taken advantage of by selling the commodity at an exorbitant price of MK1,200. This is contrary to its factory price of MK680 per 1 kilogram.

A spot-check in some retail shops in the capital Lilongwe, show that the commodity is scarce, but if found, it is trading in the ranges of MK900 and MK1,200 per 1kg. In the major chain retail shops including Game stores, Shoprite and Chipiku, they have maintained the average price ranging from MK700 to MK800. Continue reading Sugar scarcity hits Malawi market: Cama demands explanation from Trade Ministry and Illovo

Tobacco earnings soaring: country realizes US$12.5 million in three weeks

tobacco season has realized US 12.513 million dollars

LILONGWE-(MaraviPost)-Malawi has realized US$12.513 million for the first three weeks since the official opening of the tobacco marketing season, on April 10, this year.

This is latest statistics obtained at AHL Group as of April 27, 2017 and that about 7,493,333 kilograms (kgs) of tobacco of all types have been sold at an average price of US1.67 per kg.

This year’s green gold prices, started at good buying rate when compared to that of last year during a similar period, which was at average prices hovering below the US$1.5 per kg mark.

It is not a wonder that last week farmers were visibly happy with the “green-gold sales” at Limbe Auction Floors in Blantyre, over the good prices offered coupled with low rejection rates.

Sale sheets the Maravi Post sourced from farmers, show that prices range from 80 cents (MK586) per kilongram (kg) to US$2.20 (MK1,612.06) per kg.

These prices differ from those on last year’s opening day, when the leaf was pegged between 80 cents and US$1.40 (MK1,026.02).

The rejection rate this year also started at 1.8%, while in 2016, it was at 52 percent; meaning that the tobacco sales have started on a high note. Expectations are that Malawi farmers will keep on smiling all the way to the bank.

Both Tobacco Control Commission (TCC), and AHL Group, attributed the cause for better prices and low rejection rates, to proper handing and presentation of the leaf before the floors, which they said all farmers must emulate.

In 2016, a total of 194 million kgs 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.

In 2017, Malawi has produced 126 million kilograms of tobacco, against a requirement of 150 million kgs by buyers.