Business

Rich Mind, a new company contributed K2 million for the building of an office block for Media Institute of Southern Africa (MISA) Malawi chapter during a media body fundraising dinner and dance held at Golden Peacock Hotel, Lilongwe. In a presentation, the company’s president and founder Otis Bushiri insisted on financial security for Misa Malawi as it is the hub for media journalists and...

Most of the capital cities in Africa act as a business hub. A major business milestone is to be realized soon in the capital city of Malawi. A business park worth K75 billion is to be set up at Lilongwe which will automatically give the city a better physical appearance. The Lilongwe Business Park is a brainchild of the first ever Malawi Investment Forum (MFI) which was hosted by Malawi government in...

Public health facilities including a delivery hall and staff premises are to be constructed where the Hunger Project is located at Chikwawa District around Nchalo. Hunger Project will facilitate the project at the cost of K102 million. The investment is good news for the people within the vicinity of Nchalo who have stayed for a long time without proper and affordable health facilities. It will be a...

There has been an outcry by some of the sports fan who thought that the construction of Nsaje stadium is taking longer than expected. Ganizani Zongoloti, one of the strong soccer fans in Malawi, is complaining about why the construction of the Nsanje stadium is taking place at the slowest rate unlike the other stadiums in the other districts started probably at the same time. He is not pleased by the fact...

Kenya, a country with a teeming start-up community, is also the cradle of mobile money transactions and a developed off-grid solar power. To further show its technological prowess, the country decided to use mobile internet in the electoral tallying process. It’s a pity that a quarter of the 41000 polling stations did not have sufficient network coverage, resulting in incomplete tallying. Cue allegations...

The World Bank Doing Business 2018 Report revealed that Malawi has ranked up from 133th to 110th on the ease of doing business index. The report indicates that Malawi has done well on jumping position due to four reforms the country undertook, making it easier to do business over the course of last year dealing with construction permits, getting credit, resolving insolvency and trading across...

The agri-processor Jacoma Estates has raised $11.5 million to expand its supplier network to almost 1,400 small macadamia farms in Malawi. Without the help, macadamia farms do not have access to export markets. Through a grant from AgDevCo backed by the MasterCard Foundation, Jacoma Estates will also offer climate resilience assistance to macadamia farmers. AgDevCo re-upped a previous $2 million loan...

A Malawian poultry operator is receiving a $1.8 million, seven-year debt investment from AgDevCo, a social impact agribusiness investor. Food and Feeds Wholesalers Ltd, trading as Kapani, is expanding its business to meet the growing customer demand for quality meat products. The company will build a modern processing unit and will buy from local farmers, providing training and a reliable...

Dye Mawindo, CEO for Millenium Challenge Account (MCA) has indicated that the current efforts to improve the energy sector would soon bear fruits, saying current works were at 60 percent complete. Mawindo told that the upgrading and rehabilitation going on in the country were going to increase and stabilize national electricity grid.  Earlier, Aggrey Masi, the Minister of Natural Resources, Energy...