Conglomerate Press Corporation plc members of staff yesterday (Wednesday) donated K1 million to flood victims through the Rotary Club of Limbe. Presenting the cheque in Blantyre, one of the staff members for PCL, Chikondi Liabunya said staff from the corporate office decided to help after a plea was made from Rotary Club of Limbe. “We […]
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 […]
Dual-listed conglomerate Press Corporation Limited (PCL) plc has partnered with South African based Harith General Partners (Harith) a Pan African infrastructure investment firm which has pumped a whooping a $24.1 million (about K 18 billion) into Open Connect Limited (OCL) a subsidiary of conglomerate Press Corporation plc. With the investment, Harith will become the biggest shareholder with […]
Peoples Trading Centre (PTC) or ‘Peoples’, a subsidiary of conglomerate Press Corporation plc has embraced a new business model which will see Peoples Stores being structured into four brand categories based on customer segments. Peoples Chief Executive Officer James Madondo said in an interview that the company has been undergoing a functional review of its […]
Dual-listed conglomerate Press Corporation plc has confirmed that it has acquired a 10% stake in Sunbird Tourism plc, extending its investment interests into the tourism sector. PCL Group Chief Executive Officer George Partridge confirmed of the acquisition of the stake in an interview yesterday. “Yes it is true that we have acquired a 10% shareholding […]
Ethanol production is becoming an increasingly go-to strategy for countries that are hoping to reduce carbon emissions, decrease the use of fossil fuels and adapt to the decreasing availability of oil and other fossil fuels. Malawi is in an advantageous position. The country has the opportunity to take a leadership role on this front by […]
Dual-listed conglomerate Press Corporation Limited (PCL) Limited has held its 33rd annual general meeting (AGM) in Blantyre where it declared a final dividend of K1.5 billion. Speaking at the AGM, PCL Board Chairman Patrick Khembo said the PCL group delivered good results notwithstanding the difficult operating environment that prevailed during the period. “Directors have proposed a final […]
Conglomerate Press Corporation Limited (PCL) and its subsidiary companies gathered at Comesa Hall in Blantyre where they commemorated World Aids Day whose theme this year is ‘Hands up for HIV Prevention’. Speaking on behalf of PCL Group Chief Executive Officer Dr Matthews Chikaonda who is out of the country together with in-coming Group CEO Dr […]
While phone consumers are still whining about poor services from the providers, they will have another shocker with revelations that two of the country’s phone service operators, Malawi Telecommunications Limited (MTL) and Telekom Networks Malawi (TNM) are in huge foreign debt amounting to US$21 million (about K15.2 billion). Press Corporations Limited Financial Manager, Elizabeth Mafeni […]
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 […]
Chairperson of the board for conglomerate Press Corporation Limited (PCL) Symon Itaye has resigned, Nyasa Times has learnt. Itaye confirmed on Friday that he has resigned at board of the dual-listed conglomerate The reasons for quitting were “personal,” Itaye said. He could not grant an interview on the matter. But Nyasa Times learnt from Press […]
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 […]
Ruling Democratic Progressive Party (DPP) elite is so desperate for party financing that it has turn to sink its claws into conglomerate Press Corporation Limited (PCL) to turn it into its financing machine, Nyasa Times can reveal. Malawi News reported that some DPP stalwarts have been appointed into the PCL board with the aim of […]
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 […]
Peoples Trading Centre (PTC) Limited, a subsidiary of Press Corporation Limited (PCL), one of Malaw’s oldest companies as well as biggest retailer shops is closing down 20 shops as the economic situation gets worse in this tiny landlocked country. PTC chief executive officer Ken Mthunzi told a news conference at PTC headquarters in Blantyre on […]
The Malawi Supreme Court on Monday adjourned a case to December 3 on the matter of who is the genuine owner of the profit making company Presscane Company Limited between Press Corporation (PCL) and Cane Products Ltd (CPL). PCL wants Supreme Court to overturn a ruling by the High Court of the commercial Division which ruled in […]