A small single engine plane crashed on Saturday landed in a sugarcane field in Nchalo, Chikhwawa .The plane does not belong to Illovo but the owners were contracted to do some work at Nchalo. No one was injured but the base of the plane has been extensively damaged. Illovo spokesperson Ireen Phalula said the plane […]
Malawi Stock Exchange-listed Illovo Sugar Malawi plc this conducted the grand draw of Zikutheka Ndi Illovo Promotion which saw six people winning K1 million cash prize each. One of the winners, Ezra Mchonkhwe was over the moon when the news was broke to him. “I am very excited and grateful to Illovo for bringing back […]
Illovo Sugar Malawi continues to splash out cash in Zikutheka ndi Illovo promotion creating excitement among customers with a total of K10 million won by 100 lucky customers during a second monthly draw conducted at the company’s head office. Launched in July, the promotion aims to reward Illovo customers from across the country for their […]
In a bid to enhance efficiency of the sugar fortification process, Illovo Sugar (Malawi) plc has installed a new vitamin A dosing unit at its Dwangwa factory in the central district of Nkhotakota. According to the company, the new dosing unit has the capacity of dosing 30tons per hour and it has replaced a unit […]
Illovo Sugar Malawi has donated relief items worth over K13 million to flood victims staying in evacuation centers in Chikwawa and Nsanje districts. The company, which lost crops and some infrastructure due to the devastating floods which hit the southern part of Malawi, has also provided land where one of the evacuation camps is located. […]
Six people, two each from the country’s three regions, became instant millionaires when they won K1 mollion each in Zikutheka ndi Illovo Promorion ‘s grand draw held in Blantyre. The winners were identified as Kennedy Soko, Mary Foto, Regina Senenje, Jailosi Mtukula, Austin Kondowe and Chriness Mshani. Zikutheka ndi Illovo promotion started in July this year with winners, according […]
Illovo Sugar Malawi plc conducted the first draw in Zikutheka ndi Illovo Promotion where K2 million was given to 40 lucky customers. A draw which was conducted at Illovo offices in Limbe on Monday saw 40 customers from across the country winning MK50,000 cash prizes each. The promotion which started on 9th July, will run for 3 […]
Illovo Sugar Malawi Plc says it will remain “market focused” making sure that traders and consumers benefit and experience real brand the company offers on the market. The company also said that it is now fortifying sugar in 20 and 50 kgs with Vitamin A so as to continue improving the nutrition aspects of the […]
Sugar manufacturer, Illovo Sugar (Malawi) Limited has silently hiked the prices of the commodity without any justification. The increase comes at a time the country’s inflation is still at single digit and the central bank is touting Kwacha’s stability against major foreign currencies. In a document Nyasa Times has sourced, indicate that Illovo Sugar Malawi […]
Sugar producer Illovo Malawi plc direct positive economic impact in the 2016/17 financial year has estimated at K117 billion, which is roughly five percent of gross domestic product (GDP) , a report by a United Kingdom (UK)-based multinational management and social impact assessment consultancy Corporate Citizenship found. Illovo Malawi managing director Mark Bainbridge attributed the figure […]
Illovo Sugar Malawi’s White Sugar Rush Christmas Promotion has managed to yield results as the commodity’s sales volume increased. The company was forced to stage the promotion due to the decline of white sugar demand. Illovo Head of Domestic Sales, Walter Nyamilandu told the media that the promotion was designed to create awareness amongst consumers […]
Independent accountant and auditor, Alexander Kalanda has testified against Illovo Sugar Malawi (ISM) in a case the country’s sole sugar producer is accused of fraudulent financial transactions. Illovo Sugar is being accused by its minority shareholder Prudential Holdings Ltd (PHL) of presenting doctored financial statements to mask huge payments made to its parent company Prudential Holdings […]
The high profile civil case involving Illovo Sugar Malawi (ISM) resumed this week when one of the partners at KPGM, an international accountancy and audit firm, were grilled on audit report the company produced for the sugar manufacturer. On Tuesday, lawyer Davies Njobvu representing minority shareholder Prudential Holdings Ltd (PHL) – which dragged Illovo to […]
The high profile civil case in which Illovo Sugar Malawi (ISM) is being accused defrauding its local shareholders returns to court on Monday and Tuesday. Illovo Sugar is being accused by its minority shareholder Prudential Holdings Ltd (PHL) of presenting doctored financial statements to mask huge payments made to its parent company. The trial under the Commercial Court in Blantyre was postponed six months […]
Illovo Sugar Malawi Limited employees are set to go on strike to protest against management’s decision to introduce clean wage- a new concept in compensation and benefit for employees where all allowances are amalgamated under one head and that may be basic salary. The employees are also planning downing tools inorder to force the removal […]
High Court’s Commercial Division in Blantyre resumed trial in which the country’s sole sugar producer, Illovo Sugar Malawi is being accused defrauding its local shareholders by presenting doctored financial statements to mask huge payments made to its parent company. Illovo Sugar Malawi is in court after one of its shareholders Prudential Holdings Ltd (PHL) filed a […]
Sugar prices have risen by about nine t percent effective Monday due national equalisations scheme, according to Illovo Sugar (Malawi) Limited. Illovo public relations officer Irene Phalula said there are justifiable factors that drive sugar prices in Malawi. The price for 50 kilogrames of brown bulk will be at K37 221.75 per bale while white […]
The country’s consumer watch-dog, Consumers Association of Malawi (Cama) has bemoaned the current sugar scarcity and has since called on the Ministry of Industry, Trade and Tourism to allow traders to start importing sugar from other countries to address the crisis. Malawi is experiencing sugar scarcity, a situation which has made traders, shops and other […]