Malawi Communications Regulatory Authority (Macra) Director General Charles Nsaliwa has reacted angrily to criticism by National Bank of Malawi chairman Professor Matthews Chikaonda by instructing that Macra closes all its accounts it holds with the bank. Chikaonda went to town on Macra on Tuesday when President Joyce Banda was opening the K7.5 billion state-of-the-art National […]
Group chief executive officer for Press Corporation Limited (PCL) professor Matthews Chikaonda has defended his remarks at the official opening of the National Bank of Malawi (NBM) business centre and office complex in Blantyre, where he attacked pointed out weaknesses among politicians. In the presence of President Joyce Banda, Chikaonda, who once served as finance minister in the United […]
Highly revered economist Prof. Mathews Chikaonda has lashed at Malawi Communications Regulatory Authority (Macra) of being political in its operations instead of providing quality services to Malawians. A visibly furious Chikaonda was speaking at the official opening of National Bank of Malawi’s state of the art building in Blantyre where President Mrs. Joyce Banda was […]
The board of directors of Malawi Telecommunications Limited (MTL), country’s only fixed-line operator, has appointed Elias Imaan as acting chief executive officer with effect from 25 April 2012. According to a statement from MTL, since 2008, Imaan held positions of Head of Marketing and Chief Commercial Officer. “As Chief Commercial Officer, he has been one […]
While most Malawians are grappling with worse economic situations, others are not feeling the pinch with conglomerate Press Corporation boss Matthews Chikaonda pocketing a whooping K35 million in bonuses alone. Chikaonda, Chief Executive Officer for Press Corporation Limited (PCL), which has controlling shares in some of the big companies in the country namely National Bank, […]
CEO for conglomerate Press Corporation, Mathews Chikaonda, who once served as Finance Minister has hit back at garrulous Minister of Information Patricia Kaliati, saying she should guard against her foul-mouth. Kaliati lashed at Chikaonda for his criticism of President Bingu wa Mutharika’s economic performance, accusing Chikaonda of failing when he was the country’s purse keeper. […]
The subject for this week’s continued debate was Prof Matthews Chikaonda, who is already in the news for other reasons. We, at the Nyasa Times have – in the interest of fairplay – pended our presentation on him until his side of the current story has been heard. There is a school of thought advocating […]
Sneak preview: Dr. Matthews Aurelius Padzuwa Chikaonda, BA (Hons), Dip. Business, MBA, Ph.D was born in August, 1954 in Blantyre, Malawi. He has a Doctor of Philosophy (Ph.D) degree specialising in Finance from the University of Massachusetts (USA, 1984-89), and is professionally qualified in management with a Master of Business Administration (MBA) degree from the […]
Press Corporation Limited (PCL) has started closing down some supermarkets under the group arguing it cannot be borrowing money to pay for the subsidiary’s taxes. The development has left over 1,500 jobs at Metro and PTC supermarket shops as the group of companies has so far closed 16 shops. Over 300 people have been fired […]
The withdraw by the mobile telecommunication company TNM of their cautionary statement which indicated that talks were abandoned after “unacceptable indicative offer terms” from South Africa-based mobile operator Vodacom has led to several reactions from stockbrokers. The Malawi operator wanted to sell its substantial stake to the South Africa phone giant Vodacom but sources said […]
“Malawians are afraid of their future, they are afraid that they can’t feed their families. They are afraid that they can’t get their ARVs or transport their crops to the market or power their factories, schools and hospitals….And some are even afraid to have a conversation and that is a worrisome situation to be in.” […]
The recent address by Dr. Mathews Chikaonda as a guest of honour at the Society of Accountants gala left a lot people speculating about his intentions. Does he want to get back into politics? He once served as a finance minister before being appointed to the present position as CEO of Press Group. His speech made some […]