Malawi Law Society has written Indigenous Business Association of Malawi (Ibam) for an expert evaluation on economic and financial implications following the disputed presidential elections. In a letter signed by Malawi Law Society (MLS) president Burton Mhango and secretary Martha Kaukonde, the lawyers body has given Ibam up to the close of business of today, […]
Indigenous Businesses Association of Malawi (Ibam) has said government must reduce its appetite on borrowing because the tendency is pushing interest rates upwards and that affect the private sector and small and medium enterprise business people who fail to meet the high rates. IBAM president Mike Mlombwa told Nyasa Times in Mangochi on the sidelines […]
Minister of Industry and Trade Joseph Mwanamveka has called on business people in Malawi to register with Indigenous Businesspersons Association of Malawi (Ibam) so that they can speak with one voice when it comes to business matters. Mwanamveka made the call at Robins Park in Blantyre where he graced the organization’s member’s sensitization meeting on Sunday. He said […]
Indigenous business people are demanding 70 per cent stake in all foreign driven investments in Malawi. President of Indigenous Business Association of Malawi Mike Mlombwa said this at the first ever membership registration meeting on Sunday in Blantyre. “All foreigners need to partner with locals before they start businesses in Malawi. We want Malawians to […]
Local entrepreneur, Mike Mlombwa, who is the Managing Director of Country Wide Group of Companies, has described high lending rates as one major challenge crippling local investors’ efforts in seizing the country’s business opportunities. Speaking on the sidelines of the first-ever Malawi Investment Forum (MIF), Mlombwa, who is also the President of Indigenous Businesspersons Association […]
Some local entrepreneurs and the Indigenous Businesspersons Association of Malawi (IBAM) have spoken against government’s decision not to involve suppliers in this year’s Farm Input Subsidy (Fisp) programme, saying the move will escalate corrupt practices and benefit politically-connected individuals. Instead of calling for suppliers and transporters to tender for the supply of Fisp fertilizer and […]
As local entrepenuers are still pressing for fair competition bidding in tenders, the Electricity Supply Corporation of Malawi (Escom) has argued that the Indigenous Businesspersons of Association of Malawi (IBAM) has no mandate to review procurement procedures being followed by the utility body. Escom has, however, advised IBAM to channel their concerns over Public Procurement […]
We all have dreams and visions of what we to be or achieve in life. Likewise, small and medium entrepreneurs crave for profitable results from their income generating activities or business establishments. Suffice to say our country requires an economy that can meet the needs of all economic citizens – local investors and their enterprises – […]
The Electricity Supply Corporation of Malawi (Escom) has once again attracted the wrath of local companies following revelations that the utility service provider has given a contract to Rousant International Limited to supply poles without advertising the tender to allow competitive bidding. The trading company, believed to be a South African, is buying the poles […]
Despite Indigenous Businesspersons Association of Malawi’s (IBAM) request to suspend the National Competitive Bidding (NCB) tenders, the Electricity Supply Corporation of Malawi (Escom) has awarded contracts to companies owned by Malawians of Indian origin, NCB results have shown. The development has further irked local business persons who are accusing the Corporation of flouting procurement procedures […]
Local businesspersons, who participated in the Electricity Supply Corporation of Malawi (Escom) tenders in December 2014 and January 2015, are accusing the Corporation of flouting procurement procedures and for awarding contracts to foreign companies at the expense of indigenous business operators. Through the Indigenous Businesspersons Association of Malawi (IBAM), the businesspersons are also asking Escom […]
The Indigenous Business Association of Malawi (Ibam) has asked the government to come up with an indigenisation policy aimed at encouraging local investment. Ibam president Mike Mlombwa said such a policy would ensure that business policies are friendlier to Malawians and guarantee their equal participation in the market. “We ask government to consider Malawians in […]
President Peter Mutharika this week had an audience with the Indigenous Enterprises Association of Malawi (Ibam) Chairman Mike Mlombwa, State House sources have confirmed. Mutharika, who came to power on 31 May after defeating 11 other candidates, including the then leader Joyce Banda in the 20 May 2014 tripartite elections, appears to be committed to […]
President Peter Mutharika says his government is determining to double export base in the next five years. This according to president Mutharika would be achieved through the continued implementation of the National Export Strategy that provides a road map for developing. Malawi’s productive base to allow for both export competitiveness and economic empowerment. The Malawi […]
Gaudy Maluza, one of Malawi ‘s richest and most well-connected businessman, has died . Maluza died on Monday at Mwaiwathu Hospital in Blantyre, his family confirmed. They did not disclose the cause of death. He was a shareholder and a director Tayamba General Dealers Limited Maluza was also the brains behind Kanengo Northgate Project—an upmarket […]
As civil servants are itching for a three-week leave of absence from duty, the Malawi Health Equity (MHEN) has expressed worry over the public holiday, arguing it will stifle delivery of health services in the country. President Joyce Banda, in her capacity as Minister Responsible for Civil Service, has granted public officers leave of absence […]
Indigenous Business Association of Malawi (Ibam) has bemoaned effects of Capital Hill plundering of public funds on local entrepreneurs. Locally coined as Cash-gate, billions of Kwacha have been siphoned from government accounts through dubious deals, forcing the donors to pull out aid to Malawi, one of the poorest countries in Africa. An in exclusive interview […]
The Indigenous Business Association of Malawi (IBAM) has said the Capital Hill financial disorder and the on-going ‘clean-up exercise’ has brought indigenous business to a stand-still. IBAM President, Mike Mlombwa, said this when journalists chanced on him at Capital Hotel in Lilongwe and sought his views on the development. Mlombwa said it was very unfortunate […]