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 […]
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 […]
The newly appointed Finance minister Dr. Maxwell Mkwezalamba will have to work with new secretary to treasury Newby Kumwembe who has been appointed by President Joyce Banda as Principal Secretary for Finance replacing career bureaucrat Randson Mwadiwa. When asked to confirm the movements, Office of the President and Cabinet spokesperson Arthur Chipenda said: “There are a […]
Malawi Government has released K1.1 billion (about $3.06 million) to allow central and district hospitals to pay debts they had with drug suppliers and other related bills. This follows a meeting President Joyce Banda held on Monday with district heath officers at Kamuzu Palace in Lilongwe. Last week, drug suppliers blacklisted some public hospitals for […]