Democratic Progressive Party parliamentarian for Karonga North, Mungasulwa Mwambande, wants government to upgrade the Ighembe-Kitwika, Songwe-Ngana, Ngerenge court-Chikutu and Pusi-Atupele roads to enhance access to produce markets and ambulances to hospitals.
Four weeks after Malawi Election Commission (MEC) launched the campaign period for the fresh presidential poll on May 2, Malawians have already been fed with many promises from the three political parties contesting in the coming elections.
At a political campaign rally in Blantyre on Monday, former president Joyce Banda accused government of bloating Covid-19 figures and abusing resources meant to manage the pandemic in the country.
Prior to the onset of COVID-19 and OPEC-led production cuts effective May 1, Angola was set to see a rise in production. In February, the country recorded a production level of 1.39 million barrels per day (bpd), up 15,000 bpd from January.
Government announced ten new covid-19 cases identified in four districts.
Alternative ways in which to generate revenue income
Global Revenue at a glance
During 2019, all service lines showed a strong growth in revenue along with geographies and key industries which contributed significantly to the past nine consecutive years’ worth of strong growth after the world economy dipped greatly between 2009 and 2010.
This strong growth has henceforth been deterred greatly with the emergence and spread of Covid-19 with several industries and the economies of a multitude of countries suffering a significant amount of strain, especially during the first three months of 2020.
A vast majority of major (and thousands of minor) companies have reported revenues that are at an all-time, record-breaking low during the first quarter of 2020, which ended in March, due to the widespread impact of the virus on various economies.
While a lot of companies are benefitting from the virus, others have had to develop strategic and alternative plans to counter the financial impacts until such a time that business can resume as normal.
Alternative ways to generate revenue income
1. Stock Buybacks
By buying back shares from shareholders, these stocks can be purchased on the open market from shareholders directly to minimize the cost of equity and in turn the cost of capital.
By buying back shares, companies are able to preserve the stock price and buybacks are often favoured over dividends as they may be cut by banks to preserve cash, resulting in a sell-off of shares.
This is especially done when the stock of some companies have become undervalued and allows them to buy their shares back at a reduced price, only to be able to re-issue them as soon as the markets are in a better condition.
Buying back shares not only makes businesses look more attractive to investors, it also increases the earnings per share, or EPS, of the company as the annual earnings are automatically divided by a significant lower amount of outstanding shares. Many generation Z’s has invested in shares like Facebook, Google and Amazon.
2. Raise or Lower prices
Prices on products are constantly changing and in times like now, companies are expected to adjust their prices to meet their objectives or the market situation.
Price increases in products and services may very well bring in additional revenues and profits to a company as long as the price increase does not have a negative impact on sales.
The same will apply in price reductions on certain products and sales, as it removes the market share away from other suppliers. Companies need to remain up to date on how their products compare with similar products from a buyers’ viewpoint.
In addition, companies need to stay informed on their competitors’ products to allow them to position themselves better in an uncertain, volatile market.
3. Take inventory of expected Revenue
The first quarter of 2020 already presented a lot of companies with uncertainty pertaining to the rest of 2020 and it is necessary for companies to take inventory of revenue income that they expect by doing the following:
- Look at products that are higher in demand
- Secure solid revenue through the use of contractual subscriptions from loyal, long-time customers
- At-risk evaluations pertaining to commitment and consistency where no contracts are applied
- Prepare for the unknown
This analysis should be done on all levels not only for customers, but product and service lines along with geographical markets.
4. Re-inspect and adjust the pipeline
Companies will have to work the math backwards in order to not only inspect their product and services pipelines but to in turn run scenarios with more divergent outcomes which allows the company to separate the most critical deals with strategic customers.
Companies have to look at more speculative opportunities as buyers of products and users of services are looking to minimize risks above all else, so they will favour trusted partners along with suppliers.
Companies can look at mobilizing all available resources should there be any blockages that may present themselves when running scenarios to keep these critical deals from moving swiftly and undeterred through the pipelines.
5. Affiliate Marketing and Marketing Strategies
By making use especially of third-party publishers with the purpose of generating traffic and leads pertaining to the company’s products and services, companies are in a better position to increase their market spread and expand on geographic markets.
These third parties are affiliates who work according to a commission fee which incentivizes them to find new innovative ways to promote the company.
This can be done in numerous ways, but with conditions as they are, internet presence and increasing such is imperative at the current moment. In addition, companies can look at a variety of marketing strategies which include, but is not limited to:
- Web development
- Pay-per-click advertising
- Social media marketing
- Search engine optimization
- Content marketing, and more
6. Drop Shipping
Through using this, companies often do not keep the products that it sells in stock and sales on products are done through utilizing a drop shipping model which involves the purchasing of items from third parties and having it shipped directly to the customer.
This removes the seller from the equation as it does not have to handle the product directly as the company does not stock its own inventory and uses wholesalers or manufactures in order to fulfil orders.
7. Create a central command centre
The purpose behind this is to create a versatile command centre that allows executives to take actions that are rapid and decisive, especially in times of uncertainty and the pace of decision making that increases significantly as a result.
By creating this, analysis can be absorbed, and critical and key personnel can be deployed to critical areas of focus in addition to allowing for real-time tracking to see where shortcomings are, allowing for refocus on such areas.
A lot of leading companies make use of this strategy to substantially boost renewals, cross-selling, for the launching of new products, to test new offers and to increase not only the speed but agility of revenue operations.
Making use of such a central command centre in time of crisis may very well ensure the smooth flow of operations and sales, but it is a good initiative to keep despite times of uncertainty to increase day-to-day business.
Companies have been forced to react in different ways to not only ensure business continuity, but also to improve the resilience of supply chains in addition to pivoting innovative ways through which to generate revenue income.
There are numerous ways in which companies can ensure that there is a steady flow of revenue income during uncertain times, strategies that can also be adopted and apply in normal day-to-day business to improve and ensure business efficiency.
Vice President for the opposition Malawi Congress Party (MCP), Muhammad Sidik Mia says he will continue to support the alliance between his party and the UTM until it forms the next government administration after the fresh presidential election.
The Catholic faithful today trooped back to prayer houses en mass after their leaders reignited the systems observing that government was neither following nor enforcing measures it had put in place to help curb the spread of the corona virus and Covid-19.
Times Group Radio and TV host Brian Banda was attacked at Mount Soche Hotel in Blantyre by governing Democratic Progressive Party supporters on Thursday, May 7, 2020 when DPP president Peter Mutharika presented his nomination papers to the Malawi Electoral Commission.
The Supreme Court of Appeal has unanimously up-held the verdict of the Constitutional Court in the presidential election case effectively stamping authority on the order for a fresh presidential election.