LWB assures Water Users of improved water pressure

Lilongwe Water Board (LWB) chief executive officer (CEO) Alfonso Chikuni has assured water users associations (WUAs) in Lilongwe that problems of low water pressure will soon come to an end. Chikuni made the assurance during awards presentation ceremony for best WUAs that the Board has laid out plans to construct water tanks in all Kiosks to solve the problem…

Mitc to release new projects compendium

The Malawi Investment and Trade Centre (Mitc) is set to release the third edition of the project compendium, a booklet that outlines potential projects, both domestic and external investments can invest in. Mitc chief executive officer Clement Kumbemba told Business Review that the compilation of the new project compendium has been prompted by the fact…

Teveta seeks to integrate to regional skills framework

The Technical, Entrepreneurial and Vocational Education Training Authority (Teveta) says plans are at an advanced stage to integrate the country’s technical education qualifications framework to that of the Southern African Development Community (Sadc). Teveta executive director Wilson Makulumiza Nkhoma said in an interview that Teveta is producing more graduates who are not employed as such…

Sovereign Metals shifts Esia Report to 2019

Sovereign Metals Limited, the company behind the Malingunde Graphite Mining Project in Lilongwe, has delayed the release of its Environmental Social Impact Assessment (Esia) report to the first quota of next year. The miner has attributed the dalay to the overwhelming information required to be analysed. In a statement signed by the country manager Dries…

Stakeholders react to  Tobacco Industry Bill

Key stakeholders in the tobacco industry have expressed mixed reactions to the just passed Tobacco Industry Bill that is set to modernise the production of tobacco, the country’s main forex earner. Tobacco Association ofMalawi (Tama) chief executive officer Felix Thole explained that the bill hasmanaged to take care of a lot of their issues that…

Teveta chief speaks on community colleges

S Technical, Entrepreneurial, Vocational Educational and Training Authority (Teveta) says its operations are being overstretched by the introduction of community technical colleges. Teveta executive director Wilson Makulumiza-Nkhoma made the revelation when Minister of Labour, Youth, Sports and Manpower Development Grace Chiumia visited the institution’s headquarters in Lilongwe to appreciate its operations as a new responsible…

SMEs set to tap from Maiic

National Small and Medium Enterprises (Nasme) a countrywide business grouping for SMEs, is pleading for the speedy operationalisation of the Malawi Agriculture and Industrial Investment Corporation (Maiic) which was launched last week to finance the regarded risky long-term investments. The Maiic was launched as a financial entity following the signing of  a Memorandum of Understanding…

Malawi Mangoes deny tax evasion claims

Malawi Mangoes Limited general manager Charlie Leaper has refuted foreign media reports that the company is involved in tax evasion. An article published by the ForeignPolicy—foreignpolicy.com alleges that Malawi Mangoes, which islocated in Salima, producing and exporting fresh and dry mangoes to India andother European countries has been using Mauritius as a tax haven to…

Dry mangoes factory to boost exports

  Minister of Industry, Trade and Tourism Francis Kasaila says the commissioning of dry mangoes factory at Malawi Mangoes company in Salima District is set to boost mango exports that will help the country realise foreign exchange and  create jobs. The minister said this when he commissioned the dry mangoes processing factory yesterday in Salima.…

GOVT rebuffs pay demand

  Minister of Finance, Economic Planning and Development Goodall Gondwe has rebuffed demands by Civil Service Trade Union (CSTU) for a salary increment, saying the budget can only accommodate the offered 10 percent. In an interview yesterday, the minister said the 2018/19 National Budget already faces a K60 billion deficit after the World Bank withheld…

Malawi failing to meet chillies global demand

  Despite having a ready export market, Malawi is failing to meet global demand for chillies due to low production, a development that is hampering the country’s potential to enhance its revenue generation. Deputy director of crop development responsible for horticulture in the Ministry of Agriculture, Irrigation and Water Development, Eviness Nyalugwe, said this on…

JCM Power sees reduced electricity tariffs

  JCM Power says it expects electricity tariffs to go down once it starts supplying 60 megawatts (MW) into the Electricity Supply Corporation of Malawi (Escom) national grid mid next year. The company will be selling electricity at $0.08 (about K58.72) per kilowatt hour compared to $0.50 (about K367.50) Escom is sourcing from diesel generators…

Firms partner on solar energy

  Maeve Project has partnered Nyumba Builders in a bid to promote affordable and sustainable solar power systems for low -ncome households in remote areas to mitigate electricity accessibility challenges. Programme manager for Maeve Project, Tendai Chimbati, said the firm is currently working with 10 companies that are bringing Lighting Africa approved solar systems into…

APM pleads for more patience on blackouts

  President Peter Mutharika has appealed for more patience from Malawians hard hit by prolonged power outages due to reduced generation capacity. The blackouts are negatively affecting businesses and households while slowing down economic growth. The President, who in November 2017 promised that power blackouts would be a thing of the past “in a year’s…

Escom in fresh bailout rebuff

  It never rains but pours for Escom as Treasury has yet again rejected its K58 billion bail-out request to enable the technically insolvent utility improve its operations and provide reliable power supply. Treasury’s fresh rejection of the Electricity Supply Corporation of Malawi (Escom) demand follows a K58 billion request the parastatal made in May…

Domestic Tourism Strategy proposal steers debate

  There are mixed reactions to a proposal in the Domestic Tourism Strategy to have Malawians pay lower rates in tourism establishments to boost tourism. The introduction of the proposal by the tourism authorities is in response to ever-growing concerns that leisure and adventure tourism facilities are way too exorbitant for local Malawians considering the…

Govt warned on fund

  Representatives of the business community have warned against political manouvering and abuse of funds in the K35 billion Malawi Agricultural and Industrial Investment Corporation (Maiic) established to facilitate industrialisation. Board chairperson of CDH Investment Bank, Frankling Kennedy, expressed his reaction yesterday in Lilongwe after President Peter Mutharika launched the corporation, in which the government…

K22bn project outcome impresses world bank

The World Bank has rated Malawi highly in the implementation of the $30 million (about K22 billion) six-year Agriculture Productivity Programme for Southern Africa (Appsa). The programme, involving Malawi, Zambia and Mozambique, seeks to increase the development of agricultural technologies for improved crop production for sustainable food security. Under the Appsa programme, each of the…