Substandard products choking SME’s export—MBS

The Malawi Bureau of Standards (MBS) has expressed concern over substandard products that small and medium enterprises (SMEs) are producing, a development that is stagnating Malawi’s export base. MBS director of quality assurance services Steve Kamuloni made the remarks during the industry awareness seminar on the development of a robust standardisation, quality assurance, accreditation and…

RFA, MRA explains  road use charge

  The Road Fund Administration (RFA) has appealed to all motorists, clearing agents, banks and the public to comply with the road access fee set to roll out on November 1 this year for vehicles with foreign registration numbers. The road access fee was recently approved by the Malawi government and is a road user…

AHLCX eyes Kenya, SA for pigeon peas exports

AHL Commodities Exchange Limited (AHCX)  says they are finalising an export deal with Kenya and South Africa for pigeon peas (Nandolo), following import restriction by the world’s largest market-India. Speaking in an interview with Business News yesterday, AHCX communications manager Thom Khanje said they have found markets in South Africa and Kenya, but they are…

Escom in expansion drive

  The Electricity Supply Corporation of Malawi (Escom) has embarked on an expansion drive to increase access to electricity by clearing the connection backlog requiring meters only. The initiative, which is one of the key components of Escom’s new strategic plan, involves the procurement of 50 000 meters at K3.5 billion in the first phase,…

PressCane upgrades  plant, output up 50%

  PressCane Limited, a subsidiary of the dual-listed conglomerate Press Corporation Limited (PCL), has increased daily ethanol production by 50 percent from 60 000 litres to 90 000 litres following plant upgrade. The K2.8 billion plant upgrade project at Chikwawa, which rolled out in January this year, included the addition of two fermenters and other…

Glimmer of hope on youth employment

It is almost impossible to talk about the problems that Malawi is facing without talking about the high unemployment rate that is ravaging its youth and dragging them into a downward spiral of unemployment, homelessness and crime. In Malawi, being on the right side of 30 is a constant dare of one’s strengths and brevity…

Animated music videos

Time and again, we hear of folks crying for Malawi’s endangered arts. Scribes have written about it to a point they are running out of ink, while broadcasters are slowly running out of words of enticing people to revive the endangered arts that portray our rich cultural heritage. Chief among the reasons for dragging Malawi’s…

Fallout as SMEs form own chamber

  Small and medium enterprises (SMEs) plan to form their own business chamber, claiming that the Malawi Confederation of Chambers of Commerce and Industry (MCCCI) has failed to address sector specific issues. The SMEs feel MCCCI represents the views of big corporations at the expense of pertinent issues concerning small businesses. In an interview last…

Embrace ICT, Mpinganjira tells accountants

  FDH Financial Holdings Limited chief executive officer (CEO) Thom Mpinganjira has advised accountants to embrace information and communication technology (ICT) and aim for managerial positions because the era of just crunching numbers is over. Speaking at the Association of Chartered Certified Accountants (Acca) 2017 Members Conference at Game Haven Lodge in Bvumbwe,  Thyolo, he…

MRA engages firms  on new tax measures

  Malawi Revenue Authority (MRA) on Friday launched a string of meetings with various stakeholders to enlighten them on new tax measures introduced in the 2017/18 fiscal year. The awareness campaigns, which will run from August to September this year, comes after concerns from consumers on the reluctance by manufacturing companies to reduce the prices…