CDHIB Posts High Profits In 2024 H1
CDH Investment Bank has reported strong interim results for the first half of the year ending 30 June, 2024, posting K8.3 billion profit after tax — a 53 percent increase from the K5.5 billion reported in the same period last year. The unaudited results published in a statement have been endorsed by the bank’s board and executive.
Portland Cement Malawi Breaks Ground on K200M Plant
Portland Cement Malawi Limited broke ground on Friday, July 26, 2024, in Balaka, inaugurating the construction of a K200 million cement and clinker manufacturing plant.
Coca-Cola Re-Launches 'Iwe Umati' Initiative
There was Jubilation at desert ground in Bangwe township in Blantyre when Coca-cola Beverages Malawi Limited was re-launching 'Iwe Umati initiative' aimed at giving back to the community.
New Mobile and ICT Company "Zero 2" Launched
Access Communications Limited (ACCESS) has launched a new mobile network and ICT firm, Zero2.
Ecobank Dangles Year-End Loan with Moratorium
In the spirit of the festive season Ecobank says it has launched a year-end loan campaign, to give financial relief to customers, civil servants and others battling the devaluation of the local currency.
Ecobank Clinches $10 Million For Trade Financing of Malawi's Strategic Commodities
Ecobank Malawi has obtained a $10 million trade financing guarantee from Proparco, which will enable the bank to secure confirmation lines on Letters of Credit for the importation of strategic commodities like fertilizers.
Mudi Sacco Sets the Pace with WhatsApp Chatbot for Enhanced Member Services
In a pioneering move within the realm of savings and credit cooperatives (Saccos), Mudi Sacco has emerged as a trailblazer by introducing its innovative WhatsApp Chatbot exclusively for its members, marking a significant leap forward in technological integration among over 40 Saccos nationwide.
NICO Life Acknowledges Long - Serving Employees
NICO Life on Friday celebrated the remarkable service and dedication of five of its outstanding employees, recognizing their unwavering commitment and tenure within the company.
SAA Cancels Malawi Route over Economic Woes
The South African Airways (SAA) says it will suspend flights between Malawi and South Africa due to what its chief executive Prof. John Lamola attributes to the recent economic challenges in Malawi.