Illovo Profits Hits K6 Billion Despite Covid-19 Scare

Illovo Profits Hits K6 Billion Despite Covid-19 Scare

Illovo Sugar Malawi Plc has recorded a historic net profit of MK 6.1 billion in the first half of the year ended 28 February 2021 compared to MK2.1 billion for the same period last year. Lekani Katandula, the Managing Director for Illovo Sugar Malawi, disclosed the good tidings on Friday at Mount Soche Hotel in […]

Chilima says Govt Working Swiftly to Stabilise Kwacha

Chilima says Govt Working Swiftly to Stabilise Kwacha

Vice President Saulos Chilima in his capacity as Minister of Economic Planning and Public Sector Reforms on Wednesday availed himself before Parliament to update members and answer questions on public reforms implementation and the Malawi 2063 vision. This is the second time that Chilima has made himself available to answer questions from members as he […]

Standard Bank Satisfied with Financial Inclusion Drive, Draws First Winners in Zichuluke Promotion

Standard Bank Satisfied with Financial Inclusion Drive, Draws First Winners in Zichuluke Promotion

Steady uptake of financial services by the informal sector is proof that products and services offered by banks are resonating with government’s policies on financial inclusion among Malawians, says Standard Bank Plc. Speaking on Thursday during the first draw of Zichuluke Promotion, Head-Consumer and High Net Worth Clients, Charity Mughogho noted that since the bank […]

Malawi to Benefit From G7 $80 Billion Pledge

Malawi will be among African countries to benefit from an $80 billion fund which the G7 have committed to invest in the continent to help boost economies and jobs within the next five years.

Malawi to Benefit From G7 $80 Billion Pledge

Malawi will be among African countries to benefit from an $80 billion fund which the G7 have committed to invest in the continent to help boost economies and jobs within the next five years. The G7 Development Finance Institutions (DFIs) and other multilateral partners committed this week to channel resources towards the private sector growth […]

NBS Bank moves to assist Village Banks manage finances with ease

NBS Bank moves to assist Village Banks manage finances with ease

NBS Bank Plc says it will continue to promote the interests of its customers to safely manage their finances through the Tidalirane Group Transactional Account, specially developed for village bank groups. NBS Bank Head of Marketing and Customer Experience, Tamanda Longwe said the Bank launched the Tidalirane account in December 2020, in reaction to requests […]

FDH Launches Student’s Mentorship Program

FDH Launches Student’s Mentorship Program

FDH Bank plc has launched a mentorship program targeting secondary students in the country as part of the commemoration of the Day of African Child. The launch took place at Chichiri Secondary School in Blantyre, where FDH Financial Holdings Chief Executive Officer, William Mpinganjira gave a career guidance talk to the students. Mpinganjira encouraged the […]

Malawi to Export Over 250,000 Tonnes of Pigeon Peas to India

Malawi to Export Over  250,000 Tonnes of Pigeon Peas to India

By Sylvester Kumwenda Lilongwe, June 16, Mana: Governments of Malawi and India have signed a Memorandum of Understanding (MoU) on Cooperation in the field of trade of Pigeons peas that will see Malawi export to India 250, 000 metric tonnes of the legume in a five year period. The MoU was signed Wednesday in Lilongwe […]

FDH Bank Empowers Women through Fruit Tree Planting

FDH Bank Empowers Women through Fruit Tree Planting

As part of its goal of promoting an inclusive, diverse and sustainable environment, FDH Bank plc in partnership with Press Trust and Ministry of Gender, Community Development and Social Welfare recently donated 15,000 fruit trees worth K8.5Million to women under the social cash program to empower them towards sustainable livelihoods in Lizulu, Ntcheu.  Speaking at […]