LIHACO Officials Caught In Illegal Benefits

LIHACO Officials Caught In Illegal Benefits

Lilongwe Handling Company (LIHACO) acting senior managers are caught in a controversy where it is alleged that the two have claimed benefits which do not belong to them, our sources have confirmed. LIHACO Board Chair, Gift Nankhuni could not comment on the matter since it was a Easter holiday. “We dont micro manage boss. I […]

FDH Bank Posts K14.9billion Profit

FDH Bank Posts K14.9billion Profit

Listed FDH Bank plc has reported an after tax profit of K14.9 billion for the year ending 31 December 2020 from a restated after tax profit of K5.19 billion the previous year. In a statement signed by the Bank’s Chairperson Charity Mseka, Director Ulemu Katunga, managing Director Ellias Ngalande and Head of Finance Richard Chipezaani, […]

TNM Unveils First K1million Winner in Tikolore Promotion

TNM Unveils First K1million Winner in Tikolore Promotion

By Mc Donald Chapalapata, a Contributor Malawi’s pioneer mobile and ICT services provider TNM plc unveiled the first K1 million winner in the Tikolore promotion, a day after launching the three month long promotion in Lilongwe. Estate Agent Francis Mtukanika, who was just passing Area 23 in Lilongwe after knocking off from work and bumped […]

Farmers Fault Govt On Farm Gate Prices

Farmers Fault Govt On Farm Gate Prices

The Farmers Union of Malawi (FUM) has trashed this year’s farm gate prices, describing it as unsatisfactory and mockery. “FUM would like to request government to raise the farm gate price for maize to at least K200 per kilogram, says Frighton Njolomole, President of FUM. The ministry of agriculture released the prices that government set […]

MultiChoice Congratulates MTF Academy Class of 2020

MultiChoice Congratulates MTF Academy Class of 2020

It’s a WRAP! Congratulations to the MTF Academy Class of 2020 Celebrating the conclusion of a successful second year for the MultiChoice Talent Factory (MTF). Tuesday, 6 April 2021 – Despite the challenging year that was 2020, MultiChoice is thrilled to congratulate the MTF Academy Class of 2020 on their graduation! 2020 was undoubtedly tough […]

MRA To Continue Fighting Tax Evasion, Smuggling

MRA To Continue Fighting Tax Evasion, Smuggling

By Tikondane Vega Thyolo, Mana: Malawi Revenue Authority (MRA) has said it was committed to ensuring that taxpayers adhere to voluntary tax compliance as the revenue authority continues with strategies to deal with tax evasion, smuggling and tax fraud. In an interview, MRA Head of Corporate Affairs, Steven Kapoloma said the authority was always grateful […]

NBS Bank Declares K7billion Profit

NBS Bank Declares K7billion Profit

NBS Bank plc has reported a strong financial performance in the year 2020 with profit after tax rising by 58% to K7 billion from K4.46 billion reported in 2019. A statement signed by the Bank’s Chairman Vizenge Kumwenda, Director Matthews Mtumbuka, Chief Executive Officer Kwanele Ngwenya and Chief Finance Officer Vera Zulu said faced with the significant impact of Covid-19 on economic […]

NBM plc Posts K22.4 billion Profit After Tax

NBM plc Posts K22.4 billion Profit After Tax

Listed National Bank of Malawi (NBM) plc has registered a group profit after tax of K22.45billion from K17.16 billion in 2019 representing an increase of 31% for the period ending 31 December 2020. In a statement signed by the Bank’s Board Chairman Dr George Partridge, Board member Dorothy Ngwira, Chief Executive Officer Macfussy Kawawa and […]

Maize Price Pegged at K150 Per Kilogram

Maize Price Pegged at K150 Per Kilogram

By Tione Andsen Lilongwe, April 2, Mana: Government has pegged minimum farm gate price for maize at K150 per kilogram for this year’s selling season. Minister of Agriculture, Lobin Lowe disclosed this Thursday in Lilongwe during a press briefing for Agricultural produce for 2020/2021 growing season. He said this year the gate price has been […]

TNM plc Celebrates Harvest Season With Tikolore Promotion…30 millionaires will be made in 3 months

TNM plc Celebrates Harvest Season With Tikolore Promotion…30 millionaires will be made in 3 months

By Mc Donald Chapalapata, a Contributor Malawi’s pioneer mobile and ICT services provider TNM plc has launched a new promotion dubbed ‘Tikolore promotion’ which is a celebration for the harvest season. Launching the Tikolore Promotion in Lilongwe on Wednesday evening, TNM plc Chief Executive Officer Arnold Mbwana said the promotion is an appreciation to their […]