The Maravi Post

Switch to desktop Register Login



Malawi Investments, Online News

Press Corporation Limited (PCL) rake K17 billion after-tax profit in 2013

Chairman ChikaondaBLANTYRE (MaraPost)--Press Corporation Limited (PCL), Malawi's biggest state-owned conglomerate, has issued financial statement announcing a consolidated profit after tax of K17.3 billion, representing an increase of 83 percent growth on prior year.

In 2012, the company registered a post-tax profit of K9.5 billion.

National Bank of Malawi registers K12 billion post-tax profit

Malawi National Bank HQBLANTYRE (MaraPost)--One of the commercial banks in the counntry, National Bank of Malawi (NBM) has announced a group post-tax profit off K12.7 billion, representing an increase of 68 percent from the previous year.

NBM says despite the operating environment of the banking sector was characterised by liquidity challenges especially in the first half of the year, it registered satisfactory growth in almost all of its business lines following the increased capacity utilisation of its clientele.

Hits: 572

Read more: National Bank of Malawi registers K12 billion post-tax profit

Malawi power provider, ESCOM, hailed for reduced blackouts

Malawi Power company ESCOMElectricity Supply Cooperation of Malawi (ESCOM) customers have hailed the institution for reduced power-cuts for the past few months since the rehabilitation of Kapichila Hydro Power Station.

Hits: 785

Read more: Malawi power provider, ESCOM, hailed for reduced blackouts

Standard Bank brings transit goods insurance

Standard BankBlantyre, April 9, 2014—As Malawi approaches the peak of its international trading season, Standard Bank is extending a transit goods insurance cover to its customers called TradeSure. 

TradeSure will be provided in partnership with insurer Nico General Insurance Company. 

Standard Bank’s Head of Personal Markets, Charity Mughogho said TradeSure is an exclusive insurance product that covers individual shipments from origin to final destination and includes cover for both the onshore and offshore transit of goods across African borders and overseas. 

Hits: 451

Read more: Standard Bank brings transit goods insurance

Norwegian Govt. gives Malawi $7.9m to support hunger stricken families

Norway aid to MalawiBLANTYRE (MaraPost)--The Government of Norway has given Malawi over $7.9 million (about K3.3 million) to support vulnerable families suffering from the effects of poor harvest last farming season.

Norway's contribution to the United Nations World Food Programme (WFP) comes in response to last year's Malawi Vulnerability Assessment Committee report that estimated more than 1.85 million people are in need of food assistance during the current lean period.

@2010 The Maravi Post an Eltas EnterPrises INC Publishing Company
Site Developed By JRC

Top Desktop version