Business Posts

Standard Bank announces Madinga as new CEO

Dec 21, 2020 Lindiwe Sambalikagwa 0 &

Standard Bank has announced the appointment of Phillip Madinga as the bank’s new Chief Executive Officer. Madinga’s appointment is with effect from 1 January, 2021, according to a statement signed by board chairperson Ngeyi Ruth… ...

EGENCO cancels tender process for construction of three houses worth K707 million

Dec 19, 2020 Malawi24 Reporter 0 &

Electricity Generation Company (EGENCO) has withdrawn a notice to award contracts which would have seen the electricity company spending K707 million for construction of three houses. The government owned company issued a notice last week… ...

Malawi fuel prices up

Dec 16, 2020 Lindiwe Sambalikagwa 0 &

The Malawi Energy Regulatory Authority (MERA) has announced a hike in prices of fuel. Petrol  which was at K690.50  will now be sold at K834.60 representing a 20.87 percent hike while diesel has been increased… ...

Ministry of Trade gazettes Small and Medium Enterprises Order

Dec 16, 2020 Mike Kalumbi 0 &

The Ministry of Trade has gazetted the Small and Medium Enterprises (SMEs) Order that enables enterprises of such nature to have reserved space to supply goods and services to the government and its agencies. The… ...

Escom cuts power at AHL Mzuzu, Limbe

Dec 11, 2020 Mike Lyson Zgambo 0 &

Electricity Supply Corporation of Malawi (ESCOM) has cut power at Auction Holdings Limited's (AHL) Mzuzu and Limbe Auction Floors over non-payment of bills. One of the workers at the company confirmed, saying the power supplier… ...

Sobo rips off online photos

Dec 11, 2020 Lindiwe Sambalikagwa 0 &

Sobo Malawi has come under fire from Malawians after the company downloaded photos from the internet and photoshopped them for its social media marketing compaign. The company took off the internet photos of people carrying… ...

RBM launches financial education week

Dec 07, 2020 Malawi24 Reporter 0 &

By Romeo Umali The Reserve Bank of Malawi (RBM) has today launched this year's financial literacy training focusing on wealth creation and enhancing public awareness in finance. The Investor Education Week has started today and… ...