Business Posts

ESCOM prepaid units worth K60 billion sold on black market

Mar 29, 2022 Russell Kondowe 0 &

Electricity Supply Corporation of Malawi (ESCOM) has lost K60 billion since 2018 due to a syndicate involving employees who have been selling prepaid units to companies and individuals in the country through parallel structures. ESCOM… ...

Airtel sells its towers in Malawi for over K45 billion

Mar 26, 2022 Mwayi Mkandawire 1 &

Airtel Africa has sold its 723 towers in Malawi to Helios Towers, an independent telecommunications infrastructure company, for US$55 million (about K45.1 billion). The towers were owned under Airtel’s passive infrastructure company, Malawi Towers Limited.… ...

Malawi runs out of forex

Mar 26, 2022 Russell Kondowe 0 &

As Malawi continues to experience foreign exchange shortages, the Reserve Bank of Malawi (RBM) has demanded that 30 percent of forex realized from tobacco sales should be immediately sold to the bank. In a letter… ...

Tonse Alliance to hike fuel prices this week

Mar 26, 2022 Malawi24 Reporter 0 &

The newly constituted Malawi Energy Regulatory Authority (MERA) board will this week announce a fuel price hike of more than 20 percent. The hike, it is alleged, was delayed because MERA did not have a… ...

Blantyre City Council driver wins MK45 million in Premier Lotto

Mar 25, 2022 Andrew Cane Chilapondwa 0 &

Blantyre City Council driver Mdala Mkwinda is set to start a new lease of life after becoming the biggest winner in Premier Lotto after winning MK45 million. The 57-year-old man was presented with a dummy… ...

Chakwera appoints new MERA board

Mar 24, 2022 Mwayi Mkandawire 0 &

President Lazarus Chakwera has appointed new board members for Malawi Energy Regulatory Authority (MERA) to replace the board members fired last month. The new MERA board is chaired by Reckford Kampanje while Innocencia Chirombo who… ...

MultiChoice expands footprint with 10 additional kiosks

Mar 24, 2022 Martha Chikoti 0 &

MultiChoice Malawi has installed 10 additional Sankha Wekha Kiosks which were introduced as a way to increase customer convenience by creating key service touch points in inaccessible areas across the country, whilst upskilling agents with… ...