Published: March 4, 2010
BP Malawi will not cease its operations -GM |
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BP Malawi will not cease its operations in the country despite the announcement by CEO of the major oil marketing company in Africa, Sipho Maseko, that the company was quitting Malawi market following a strategy review that would see it concentrate all its efforts in strategic countries such as Angola, Mozambique, South Africa, Algeria, Egypt [...]
Published: March 3, 2010
BP pulling out of Malawi, 18 Petroda service stations closed |
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Oil giant BP will pull out of Malawi and it has informed government and their workers out of the decision.
“This follows a strategic review by BP into its refining and marketing businesses in southern Africa which showed the company should focus on those countries which offered the greatest synergies with its supply portfolio which are [...]
Published: March 2, 2010
Zambezi Airlines introduces new flights to Lilongwe, Dares salaam |
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Zambezi Airlines has announced that it will from March 10 introduce a new service between Lusaka – Lilongwe – Dar as Salaam.
The Airline said the new services will make combining Malawi with its near neighbours even easier.
Chief Executive Officer for Zambezi Airlines, Don Macdonald announced that the new services will be twice weekly flights between [...]
Published: February 27, 2010
Mulli's Gulf tour an 'immense success', calls for Malawian entrepreneurs to embrace globalization |
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Malawi’s biggest local conglomerate Mulli Brothers Ltd Managing Director, Leston Mulli said his tour into the Gulf region to explore markets for Malawian agriculture products has been “an immense success”.
Mulli first attended the Dubai Gulf food show where his company successfully participated.
He then embarked on a tour to the Arab dominated Gulf region.
Speaking at the [...]
Published: February 25, 2010
Mulli kick start Gulf tour |
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Malawi’s biggest local conglomerate Mulli Brothers Ltd Managing Director, Leston Mulli has started a tour into the Gulf region to explore markets for Malawian agriculture products.
In an interview with Nyasa Times from the capital of the United Arab Emirates; Abu- Dhabi, Mulli said the Dubai Gulf food show where his company successfully participated has come [...]
Published: February 22, 2010
Prices for airtime increased |
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Consumers will now have to dig deeper into their pockets when buying airtime, following the revision of airtime prices by one of the country mobile phone service providers Zain Malawi.
Published reports on Monday indicate a 25 unit voucher which was at K35, is selling at K40, while a 50 units card is at K80, up [...]
Published: February 9, 2010
Malawi’s business tycoon Mlombwa says he is a product of vending |
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A wealthy businessman, Mike Mlombwa of Countrywide Group of Companies said he is a product of vending but praised the policies of the current government as favourable to indigenous business people that has helped him to riches.
Mlombwa one of the wealthiest Malawians who is also interim president of the Indigenous Businessmen Association of Malawi (IBAM), [...]
Published: January 22, 2010
Food, fiscal discipline curb Malawi inflation: finance minister |
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Malawi’s annual inflation for 2009 came in lower than forecast due to a good maize harvest and fiscal discipline, Finance Minister Ken Kandodo has said.
Kandodo told Reuters average inflation was 8.4 percent last year, 0.3 percent points slower than in 2008 and well down on the government’s forecast for 2009.
“We have managed to beat our [...]
Published: January 18, 2010
Business Consortium to run Ports on Lake Malawi |
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A consortium of four business gurus in Malawi has submitted to government their interest to run cargo vessels on Lake Malawi, it has been established.
Registered under Water and Land Cargo, the company will bring into Malawi all cargo via Tanzania’s port of Mbeya to Chipoka in Salima.
The consortium now seeks the support from parliamentary committee [...]
Published: January 18, 2010
Press Corp to list on Johannesburg Securities Exchange |
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Malawi’s conglomerate Press Corporation Limited (PLC) plans to list on the Johannesburg Securities Exchange (JSE) this year, officials have said.
Chief Executive Professor Mathews Chikaonda is on record saying the Malawi’s top flight conglomerate will seek to revamp its status and business on the Southern Africa’s busiest bourse.
“We have success stories on Malawi Stock Exchange, we [...]
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