Business

Cholera Alert: Phalombe Vendors Bemoans Garbage

Cholera Alert: Phalombe Vendors Bemoans Garbage

Business, National
Vendors at Phalombe market have expressed fears of contracting cholera due to poor waste management. One of the vendors Ethel Kaleso bemoaned the failure by the authorities to provide the market with refuge bins. She further complained that the district council does not collect garbage which lies in piles. The development has left many traders in a state of fear due to the cholera outbreak across the country with about 400 cases reported so far. Mavuto Matope, another vendor, told local media that they are often compelled to hire cleaners to maintain sanity where they display their merchandise. There is no immediate reaction from the authorities as acting environmental desk officer for Phalombe district council, Fred Mphalo refused to talk to the media when contacted.NE
Water Pollution: Sun Seed Oil Under Investigations

Water Pollution: Sun Seed Oil Under Investigations

Business
Malawi Human Rights Commission (MHRC) has started investigating cooking-oil making company, Sun Seed Oil for allegedly discharging waste into one of the rivers in Gongweya village in Lilongwe rural. MHRC Executive Director, David Nungu while confirming the investigations, said they will make thier findings public. The Commission has deployed investigation team just weeks following a story by local media exposed oil waste spills from the company into the village in Lilongwe Rural. Sun Seed Oil Company General Manager, Manos Kumar said they will conduct their own investigation while promising to take appropriate action on complaints from the community. Communities from the village are accusing the company of negligence that led to the spillage, saying their lives are now at risk.NE ...
Ashamed Face: BWB Forced To Pay Back Customers

Ashamed Face: BWB Forced To Pay Back Customers

Business, National
The Blantyre Water Board (BWB) has pledged to pay back its customers following a government’s decision to reverse water tariff’s increase some of the country’s water boards secretly effected last year. The government’s decision to reverse the increase was as a result of the Competition and Fair Trading Commission (CFTC) intervention. The Commission has since agreed that that the decision taken by Blantyre Water Board (BWB) to refund excess money paid by consumers, after the board secretly raised tariffs, is sufficient remedy under consumer protection laws. The decision was made during the 51st meeting the board held on January 26 to consider and adjudicate on cases of alleged unfair trading practices, anti-competitive conduct, mergers and acquisition. In November 2017, it was revealed
New Face: Standard Bank Appoints Roux Heads As CEO

New Face: Standard Bank Appoints Roux Heads As CEO

Business
The Standard Bank Malawi PLC has new chief executive officer by the name of William le Roux who taken over from Andrew Mashanda. Mashanda has since been appointed Standard Bank Group Head of Corporate and Investment Banking in Nigeria. Le Roux, a former Standard Bank Malawi Head of Corporate and Investment Banking, is back after a 10-year break. Standard Bank Malawi Chairman, Rex Harawa, said le Roux’s last assignment was at Standard Bank West Africa, where he was the Regional Head of Corporate Affairs and Investment Banking Credit. “The bank has confidence in Le Roux’s capabilities to carry Standard Bank Limited into the future and will support him in his efforts to bring more than banking to our customers,” Harawa said. Le Roux will bring with him a wealth of experience in banking, spann
Illovo Case Drags On, Auditor Kalanda Testifies

Illovo Case Drags On, Auditor Kalanda Testifies

Business, National
Independent accountant and auditor, Alexander Kalanda has testified against Illovo Sugar Malawi (ISM) in a case the country’s sole sugar producer is accused of duping its shareholders of millions of money in dividends. Illovo Sugar is being accused by its minority shareholder Prudential Holdings Ltd (PHL) of presenting doctored financial statements to mask huge payments made to its parent company Prudential Holdings Ltd, a minority shareholder in Illovo Sugar Malawi, on Monday paraded its third and last witness in a civil case against the premier sugar company. PHL, is disputing a litany of payments ISM made to Illovo Sugar South Africa and also to its UK based parent company Associated British Foods (ABF). The trial was back in the Commercial Court in Blantyre on Monday and Tuesday wi
Cotton Withstands Dry Spell

Cotton Withstands Dry Spell

Business
The dry spell which is currently affecting other crops across the country will have little or no impact on cotton, experts have said. African Institute of Corporate Citizenship (Aicc) Chief Executive Officer, Felix Lombe told local media that there won’t be any significant impact of the dry spell on cotton crop. He, however, cautioned that should the dry spells persist, the crop will be affected because beyond some water requirements, the crop will be affected. “Cotton has an advantage because it is resilient because water content is slightly different from other crops. We, however, want to see a reverse of the situation in the next two weeks but otherwise the damage is not worrisome,” said Lombe. He said instead, this year, output it is projected to rebound from around 11 000 tonnes l
Malawi Consumers’ Woes: Electricity Tariffs Up By 24.7%

Malawi Consumers’ Woes: Electricity Tariffs Up By 24.7%

Business
Malawian consumers should expect to dig deeper into their pockets following the increase of electricity tariffs an average of 24.67 percent. The increase is as a result of Malawi Energy Regulatory Authority’s (Mera) approval of an application by Electricity Supply Corporation of Malawi (Escom) to hike electricity tariffs by 24.67 percent once the service provider starts using the controversial gen-sets. Mera chief executive officer Collins Magalasi said they received “a request” from Escom to increase the tarrifs last year but they asked the service provider not implement the approved tariffs when it starts “supplying power from the generators.” President Peter Mutharika will on today (Wednesday) commission power generators that are expected to add 55 megawatts (MW) to the country’s nat
Mozambique Opens Doors For Malawi Entrepreneurs

Mozambique Opens Doors For Malawi Entrepreneurs

Business, National
Malawian entrepreneurs have been accorded an opportunity to invest in Mozambique, which officials believe will help to transform the economy of the two countries.  Quelimane City mayor Dr. Manuel De Araujo on Monday invited Malawian business persons to invest in his country especially in the area of education.  “This relationship started way back when colonial masters were ruling us, our ancestors benefited a lot from Malawi; you played a crucial role for our liberation, so we need to revive it for our goodness,” Dr. Araujo said. He said there were more business opportunities for the two countries through the construction of Macuze–Tete–Moatize railway line and Quelimane Port which is a four-hour drive from Blantyre.  The Quelimane city mayor added that Mozambique is in dire need of teach
Tourism Council Demands Inclusion

Tourism Council Demands Inclusion

Business, National
The Malawi Tourism Council (MTC) has bemoaned its exclusion from the sector’s annual budget formulation process, claiming it could be affecting the local tourism sector. MTC Executive Director, Elsie Tembo told the council’s meeting recently that it was high time government involved them in the process. “Our aspirations are that we get involved even in the process of budget with government so we can monitor and advise where resources should be allocated; where we know tourism is going to benefit,” she said. “Tourism is a sector that thrives on different sectors; so we need to keep track of what is happening, the financing and benefits tourism will derive from such allocations. It is our interest that we can improve tourism in Malawi to another level.” Director of Tourism, Isaac Katopol
Substandard Solar Equipment Floods Malawi Market

Substandard Solar Equipment Floods Malawi Market

Business
Substandard energy equipment has flooded the country’s market with the northern region being the most affected, a survey by Mzuzu University has revealed. Energy expert at the university Dr. Collen Zalengera told the local media that some of the equipment put consumers’ health at risk. “The visual inspection exercise showed that the energy equipment do not comply with Malawi Bureau Standards (MBS)’s requirements. This is bad to consumers,” said Dr. Zalengera. The university has since submitted the concern to the Malawi Regulatory Authority (MERA). MERA’s Director of Electricity and Renewable Energy, Welton Saiwa said the regulator has moved in swiftly to sensitize energy operators to trade carefully on the fake energy equipment flooding the market. “It is important that we have heard