Former Cabinet minister and corporate executive Mathews Chikaonda, who died on October 30 in United States of America (USA), has been hailed as an asset to Malawi and that he will always be cherished for his contributions to the country’s economy. President Peter Mutharika expressed grief and sorrow over Chikaonda’s demise and delivered his eulogy […]
The body of former Cabinet minister and corporate executive Mathews Chikaonda, who died on October 30 in United States of America (USA), arrived in the country on Sunday through Kamuzu International Airport in Lilongwe. There were emotional scenes with several people breaking down as remains of the former corporate executive arrived and then taken to […]
President Peter Mutharika is not going to attend the funeral of former Cabinet minister and corporate executive Mathews Chikaonda has been deferred from this Friday to an unspecified date due to other technicalities and has instead delegated minister of Justice Samuel Tembenu. Office of the President and Cabinet says Chikaonda will be buried with full […]
Remains of Professor Mathews Chikaonda who died in US on October 30 will not arrive on Thursday for burial on Friday because of what family members say logistical problems. Yacinta Chikaonda, sister to the eminent economist, said new arrangements are being worked out as to when to fly out the remains, saying new dates for […]
Former president Bakili Muluzi and Finance Minister Goodall Gondwe have spoken about top economist Professor Mathews Chikaonda, a former Cabinet minister and corporate executive who has died in California, United Stated. Chikaonda is a former group chief executive officer at the dual-listed conglomerate Press Corporation Limited (PCL) and also worked as governor of Reserve Bank of […]
Top Malawian economist Dr Matthews Chikaonda has died at a California hospital in United States of America fter a long illness. Family spokesperson Hyacinta Chikaonda has confirmed learning about the “devastating” news but said they will provide a statement on the funeral programme later. His wife Violet, said she will remember Chikaonda as a “principled […]
Listed commercial bank, National Bank of Malawi plc, a subsidiary of conglomerate Press Corporation plc Wednesday held its 45th Annual general Meeting (AGM) where it declared a final dividend amounting to K3.8billion making a total of K8.35 billion in respect of 2016 profits. The bank already paid a first interim dividend of K3.01 billion in […]
Dual-listed Malawi’s largest conglomerate Press Corporation Limited (PCL) is set on Wednesday to announce its new road map afrer hiring George Partridge to succeed Mathews Chikaonda as group chief executive officer. Chikaonda is set to retire on December 31 this year after 14 years. The conglomerate, listed on the Malawi Stock Exchange (MSE) and London Stock Exchange […]
Castel Group of France which has agreed to buy 59 percent share of Danish brewer stake in Carlsberg Malawi Limited is set to make a number of job cuts as the company aims to secure sustainable and profitable growth for the future. Danish brewer Carlsberg said on Wednesday the sale is in line with Carlsberg’s […]
Economist Dr Matthews Chikaonda, who is set to retire as Group Chief Executive of Press Corporation Limited, is waiting in the wings to take over leadership of the newly-formed United Transformation Party (UTP), Nyasa Times understands. The new political formation is mainly made up of new blood in frontline politics and some recycles. UTP is being […]
Former central bank chief, Prof. Mathews Chikaonda, currently heading Malawi’s largest conglomerate – Press Corporation Limited – has been hit with lewd accusations by a Malawian entrepreneur based in South Africa, Joshua Mbele over the K320 million collusion scam involving Telecommunication Network of Malawi (TNM) one of the mobile service providers in the country but […]
Telekom Networks Malawi (TNM), the country’s integrated mobile and internet operator, has reported an increase in net profit by 3% for 2015, the company said on Wednesday. In published results, TNM, listed on the Malawi Stock Exchange (MSE) and whose main rival is the local unit of India’s Bharti Airtel, said net profit after taxation for FY 15 increased by […]
Press Trust has sought legal opinion on its powers in the hiring of conglomerate Press Corporation Limited (PCL) board and successor group chief executive officer Matthews Chikaonda. Chikaonda is set to retire at the dual-listed conglomerate on December 31 this year after 14 years. There have been press reports that the Democratic Progressive Party (DPP) […]
Malawi government on Thursday released a scatching statament to dismiss assertions that the Democratic Progressive Party (DPP) led government is scheming to snatch Press Corporation Limited (PCL) away from other shareholders by imposing DPP gurus on PCL and Press Trust Boards and went to town accusing PCL led by Mathews Chikaonda of destroying the corporation. Minister […]
Conglomerate Press Corporation Limited (PCL) has hired auditing and placement firm KPMG to find a suitable replacement of its Group Chief Executive Officer Dr Matthews Chikaonda. Chikaonda is set to retire from PCL on December 31, 2016 after being at the helm for the dual listed company for 14 years as its Group Chief Executive […]
Malawi’s Vice President Dr Saulos Klaus Chilima recently officially opened the Spar City shop which will be run by Peoples Trading Centre (PTC), a subsidiary of conglomerate Press Corporation Limited (PCL) which has just acquired the Spar franchise. Spar operates in 43 countries and has more than 12,300 shops across the 43 countries. Chilima congratulated […]
One of the commercial banks in the country, National Bank of Malawi (NBM) has announced it has raked in K 14.5 billion profit after tax in 2014 up from K12.7 billion earned in 2013, representing a 14.3 percent. NBM board chairperson Prof Matthews Chikaonda said the bank’s loan book registered a growth of 26 percent while […]
Prominent economist Professor Mathews Chikaonda, the group chief executive officer of Press Corporation Limited (PCL), has backed government zero-aid budget, saying the financial plan delivered by Finance Minister Goodall Gondwe is an ideal package for the country. Gondwe on Tuesday unpacked the 2014/15 National Budget worth K742 billion, which does not include budgetary support from donors […]