Tag Archives: Paramount Holding Limited (PHL)

Business

Paramount Holding Limited named as Malawi’s most reliable construction company

MaraviPost

LILONGWE-(MaraviPost)-The country’s leading National Product Magazine (NPM) has awarded Paramount Holding Limited (PHL) as the most reliable construction company in Malawi due to its work efficiency.

The company was awarded on Saturday, May 18, 2024 in the capital Lilongwe during the launch of NPM’s 105 edition.

Paramount Holding is one of the contractors the Malawi government through the Ministry of Education awarded for the construction of the prestigious Inkosi ya Makosi M’mbelwa University (IMMU) formerly known as Mombera University which was abandoned for years after former President Peter Mutharika presided over the project’s ground-breaking ceremony in 2015.

PHL recognition comes barely two weeks after Business In-Deals Magazine (BIM) on Friday, May 3 this year named Paramount Holding as the best Malawi’s Yamaha products Importer and seller.

Receiving the award, PHL Executive Director Prakash Virjl Ghedia minced words by attributing the recognition to hard-working staff members at the institution.

Ghedia says, “The continuous and numerous recognitions just show how efficient our company is in quality service delivery to both public and private sector.

“I dedicate the award to my working team which does not sleep to get work done in time. We therefore are assuring the general public of total commitment towards quality service delivery”.

In her remarks, Minister of Labour Agnes Nyalonje alongside Trade Minister Sosten Gwengwe who graced the event lauded the PHL for the great role is playing in the construction industry by offering jobs to many Malawians.

“The ministry is impressed with PHL workforce offered to Malawians by creating and providing jobs to our citizens. This fosters economic stability,” lauds Nyalonje.

Echoed the same, Trade Minister Gwengwe assured local and international companies for conducive environment towards business boom for maximum revenue collection.

Gwengwe however emphasized the need for company to invest more in value-added production for export that generates much needed forex.

In his remark, NPM Director Arthur Chinyamula said the event allows companies and individuals to showcase products through the continental media platforms.

Chinyamula disclosed that the magazine has gone SADC level whereby regional companies are embracing the publication.

“The Product Magazine is now a regional publication that companies from Zambia, Mozambique, Zimbabwe, Kenya are showcasing their products in the paper. This just shows how reliable we are becoming,” lauds Chinyamula.

In the 105th edition of Product Magazine features President Lazarus Chakwera, Malawi’s successful entrepreneur and businessman Thomson Mpinganjira, Mozambique President Nyusi, and other notable business gurus in the region.

Business

Paramount Holdings Limited aids medical suppliers to Lilongwe Lions Club

Maravi Post Reporter

LILONGWE-(MaraviPost)-Paramount Holding Limited (PHL) has donated medical equipment to Lilongwe Lions Club for Area 18, Health Center.

The new medical equipment is expected to improve the quality of care for 250, 000 patients at the health facility.

During the handover ceremony at the facility, Lilongwe Lions Club President Martha Moyo lauded PHL for timely support towards the good course.

Moyo lauds, “On behalf of the Lilongwe Lions Club and Area 18 hospital, I would like to express our heartfelt gratitude to Paramount Holdings for your generous donation of new equipment that will greatly improve the quality of care provided to over 250,000 patients served at the hospital.

“The invaluable support we have received from Paramount Holdings today is a true testament to your commitment to the well-being of our community. This donation will not only enhance hospital capabilities but also help to save more lives and make a significant difference in the lives of those who come through the hospital doors seeking medical help”.

She added, “The hospital equipment provided by Paramount Holdings is a shining example of how collaboration between organizations can directly benefit the local community.

“With this new equipment, the hospital can now better diagnose illnesses, treat injuries, and ensure that our patients receive the best possible care available. Together, we can continue to make a positive difference in the lives of those in need”.

In his remarks, PHL Executive Director Prakash Virji Ghedia expects the medical equipment to improve quality health care at the facility.

Ghedia adds, “It’s any corporate world to remember those in need including our public health facilities that are in dire need of support for better and quality services. The donation was small support towards the hospital that is helping many of our customers and workers.”

Business

Paramount Holdings awarded as Malawi’s best Yamaha products importer, seller

Maravi Post Reporter

LILONGWE-(MaraviPost)-The Business In-Deals Magazine (BIM) on Friday, May 3, 2024, named Paramount Holding Limited (PHL) as the best Malawi’s Yamaha products Importer and seller.

PHL’s recognition comes barely a year after Yamaha Motor Corporation of Japan authorised the company as sole Importer & seller of Yamaha motor cycles in the country.

Receiving the awards, PHL Marketing Manager Prince Chinkondwe feels honoured for the recognition while assuring the nation for quality and certified Yamaha products in Malawi.

Chinkondwe added that the award shows how committed PHL is selling and distributing quality Yamaha products to Malawians.

“Paramount Holding Limited is sole and certified Yamaha products Importer & Seller in Malawi. So, we are making it possible that Malawians in both public and private sectors get certified Yamaha products from Japan. This award gives us more energy than ever before to satisfy our local customers.

“We know there are counterfeit Yamaha products on Malawi market by uncertified dealers. But locals must engage our company when are looking for Yamaha products. We provide the best for their operations; transport, irrigation services, and others” lauds Chinkondwe.

He discloses further, “We therefore plans to expand Yamaha product sales nationwide, partnering with indigenous Malawians as sub-dealers.

“Additionally, there will be training provided for indigenous motorbike mechanics to establish Yamaha-certified workshops across the country. PHL will supply genuine spare parts and offer training to indigenous mechanics to foster growth within the Yamaha brand”.

A letter agreement between Yahama and PHL, effective from November 2022, and a letter was signed by Ryuji Kuwano Yamaha’s Group Manager for the Africa Market Development Division and Overseas Market Development Operation Business Unit.
According to the agreement, the listed products for the Malawi market including Yamaha motorcycles, outboard motors, spare parts and others.

One of the organizers of the Business In-Detail forum, Alick Sichali, described the event as a success, saying the suggestions and proposals raised were crucial to the country’s economic growth.

Sichali said, “We are really satisfied with the turnout and the support we received from the companies. The event was a success. Initially, we planned to have about 100 people as it was limited, but we ended up having about 200 people.

“The display from the companies and participation was great. As Business In-detail Magazine, we believe these platforms will give the needed exposure to local companies and provide a platform for them to meet directly with the customers.

He adds, “Paramount Holdings are doing the great work in Malawi. Being the official seller of Yamaha motors and having great service delivery, we thought it wise to appreciate and encourage them, hence presenting them with the award”.

The BIM forum dubbed as THE BUSINESS TALK attracted economic experts, entrepreneurs and business people to share insights on the operating environment and shaping the future of business where proposed a seven point plan to improve the country’s economy and development.

Among key figures during the event, including former Reserve Bank of Malawi (RBM) Governor Dr. Dalitso Kabambe, Jimmy Korea Mpatsa and lawyer Gonjetso Dikiya.