National Bank of Malawi (NBM) plc and Press Trust have invested K1.4 billion in the construction of Namale Health Centre in Ntcheu, in a partnership aimed at improving access to healthcare for more than 15,000 people in hard-to-reach communities. The project, officially launched at a groundbreaking ceremony on Wednesday, is expected to bring essential medical […]
High court finds conglomerate “directly culpable” for insolvency of Peoples Trading Centre after years of trading while insolvent Malawi’s high court has ordered Press Corporation Plc (PCL), one of the country’s largest conglomerates, to pay more than MK7bn (about £3m) to the creditors of Peoples Trading Centre (PTC), the retail chain it once wholly owned, […]
Press Corporation, Malawi’s largest conglomerate, has posted a profit after tax of K261 billion for 2025 — a result that not only underscores the group’s financial resilience but sets the stage for an expansion into sectors it has not previously occupied. Speaking at a stakeholders’ engagement in Blantyre, chief executive Ronald Mangani outlined plans to […]
Exchange losses amounting to K6.36 billion incurred by Castel Brewery Malawi Limited has affected profit margins for conglomerate Press Corporation plc which has posted an after tax profit of K19.9 billion, 13% lower than prior year. In a financial statement for the year ending 31st December 2020 signed by Press Corporation plc Board Chairman Randson […]
Conglomerate Press Corporation plc has invested in a new insurance holding company called LifeCo Holdings Limited which will essentially trade in life insurance, pension services and asset management. Press Corporation plc Group Chief Executive George Partridge, who is also Chairman of LifeCo Holdings Limited, confirmed the investment in an interview, saying PCL controls 49.5% shares […]
Minister of information Gospel Kazako on Friday engaged Press Corporation limited (PCL) plc executive management on the future of struggling Malawi Telecommunications Limited (MTL) where government has a 20 percent stake. The minister said the engagement with PCL, a majority shareholder in MTL after the privatisation of the government entity in 2005, was one way […]
Press Corporation plc staff members on Friday took time off their duties to cheer and donate presents to patients at Queen Elizabeth Central Hospital (QECH) in Blantyre as part of festive season. Staff members presented assorted humpers worth K2 million to patients in various wards including children oncology wards. PCL plc Group Administration Executive and […]
Conglomerate Press Corporation plc has given K3 million to Media Council of Malawi (MCM) for revamping its secretariat. The money will be used for office logistics and equipment including the in-house printing of accreditation cards for journalists. Presenting the cheque in Blantyre on Wednesday, Press Corporation plc General Counsel Benard Ndau said they decided to […]
Malawi Stock Exchange (MSE)-listed conglomorate Press Corporation plc has posted a 14% increase in profits after tax for the first half of the year to K12.69 billion from K11.16 billion over the same period last year. In a statement announcing the half year financial results signed by newly appointed Chairman of the Board Randson Mwadiwa, […]
Dual-listed Malawi’s largest conglomerate Press Corporation plc Board of Directors have appointed former Secretary to the Treasury Randson Mwadiwa as its new Board Chairman following the retirement of former Chairman Patrick Khembo. Mwadiwa was appointed to his new position following a Press Corporation plc board meeting held in Blantyre on Monday. Press Corporation plc Company Secretary […]
Conglomerate Press Corporation plc has delisted from the London Stock Exchange (LSE) as a global depository receipt following a review of continued benefits of listing on the bourse. PCL board chairperson Patrick Khembo announced the development during the Malawi Stock Exchange (MSE)-listed firm’s annual general meeting (AGM) held virtually on Friday due to Covid-19 pandemic […]
Malawi has the longest court case ever in its history — it is Civil Appeal Case No. 42 of 2015 between former minister Rolf Patel and others versus Press Corporation Limited (PCL). The case went to court in 2004 for legal minds to interpret on who is the owner of the company after being affected […]
Dual-listed conglomerate Press Corporation plc has posted a profit after tax of K24.76 billion for the financial year ending 31st December 2019 representing a 33% decrease from the K36.71 billion profit recorded in the previous year. In a statement signed by Press Corporation plc Board Chairman Patrick Khembo, Board Director Estelle Nuka, Group Chief Executive […]
Dual-listed conglomerate Press Corporation Limited (PCL) plc has presented Long Service Awards to three employees who have served the company for 10 and 20 years. Group Financial Controller Elizabeth Mafeni was awarded for serving the conglomerate for 20 years while Monica Chimbulumata and Emmanuel Changadeya were recognized for their 10 years of service. Press Corporation plc Group Chief […]
Listed National Bank of Malawi (NBM) plc, a subsidiary of dual listed Press Corporation plc Monday gave out a total of K5 million to three professional groups for their annual lake conferences this summer. NBM gave the Institute of Internal Auditors Malawi (IIAM) K2 million and K1.5 million each to the Institute of Bankers Malawi […]
Dual listed conglomerate Press Corporation plc on Thursday held its 35th Annual General Meeting (AGM) in Blantyre where it declared a final dividend of K2.4 billion to its shareholders in respect of the 2018 group consolidated profit of K36.71 billion. Speaking at the AGM, PCL Board Chairman Patrick Khembo said key macroeconomic indicators were relatively […]
Press Cane Limited, a subsidiary of conglomerate Press Corporation plc Friday donated 6 tonnes of beans worth K4.5 million to Chikwawa and Nsanje District Hospitals to ease challenges of lack food for patients at the two hospitals. Speaking at the handover ceremony in Chikwawa, Press Cane General Manager Dr. Christopher Guta said Press Cane, being […]
Press Corporation plc Group Savings and Credit Cooperative (Sacco) Limited formerly known as PTC Group has posted a surplus of K10.2 million in the year ending 31st December 2018. PCL Group Sacco held its 2018 Annual General Meeting (AGM) last week at the Malawi College of Health Sciences Auditorium, Blantyre Campus under the theme “Sustaining […]