A business guru has said the current political impasse over the highly contested results of the May 21 2019 Tripartite Election – presidential race – has hit hard the small and medium enterprises. President of Indigenous Business Association of Malawi (Ibam) Mike Mlombwa said the political impasse has slowed down businesses, negatively impacting on small […]
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 […]
For a while I have tried to understand why our beloved nation of Malawi somehow seems to be stagnant despite the rich potential we have ranging from our natural resources, picturesque landscapes, the beauty of lake Malawi and most importantly the untapped human capital. How do we prosper our nation, our people? Is politics to […]
The Indigenous Businesspersons Association of Malawi (IBAM) says the country needs more investors to foster its economic stability and has since urged Japanese Investors to include Malawi in their $30 billion Africa Investment package. IBAM President Mike Mlombwa, who attended the 6th Tokyo International Conference on African Development (TICAD VI) Summit in Kenya, observed that […]
Indigenous Businessmen Association of Malawi officials say foireign investors are scared to put their US dollars in the country because of junk investment rating which puts Malawi as a risk country for investment. Mike Mlombwa, chairman of the association said investors are scared because of the unpredictable shaky and dwindling economy, the unstability of the […]
President for Indigenous Businesspersons Association of Malawi (IBAM) , Mike Mlombwa, says local businesses can benefit from the investment forum being hosted by Malawi only if it there is policy that promotes partnerships between indigenous businesses and foreign investors. Mlombwa, was speaking on the sidelines of the Malawi-China Investment Forum which is underway in Lilongwe. […]
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 […]
Business magnate Mike Mlombwa, who is also the president of Indigenous Businesses Association Malawi (IBAM), is among 26 business people scheduled to present and market their project proposals at this year’s Global African Investment Summit (GAIS) in London, UK from December 1 2015. Mlombwa, owner of Countrywide Group, will speak to the international audience about […]
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 – […]
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 […]
Barely after four days after the Southern Region Football League (SRFL) secured sponsorship from sportswear suppliers Nsenjere for their league, the regional body has secured another sponsorship from Countrywide Car hire of Mike Mlombwa for a regional challenge cup. The champions will get K 2 million. Runners up K 1 million and third placed team […]
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 […]