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Channel: Business | Malawi Nyasa Times - News from Malawi about Malawi
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PressCane acquires ISO, Minister Kambala calls for  diversification into...

Malawi’s leading ethanol manufacturer, Presscane Ltd has become the first of its kind in the country to acquire unique product standards certification under the International Organization for...

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UGI rewards MyBucks AutoPrice drivers with free fuel

Insurance giant, United General Insurance (UGI) has  rewarded drivers from MyBucks Banking Corporation who are on AutoPrice insurance policy with free fuel for good driving behaviour. The AutoPrice...

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Pyxus Agriculture Ltd urges Malawi tobacco farmers to diversify to beat food...

Pyxus Agriculture Limited – a sister company of Alliance One Tobacco Malawi Limited – has advised smallholder tobacco farmers in Dowa to consider diversifying their agricultural produce in order to...

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Centre for Agriculture Transformation urges small scale farmers to embrace...

The Centre for Agriculture Transformation (CAT) has encouraged small scale farmers in the country to take livelihoods diversification seriously describing it as a potential source of foreign exchange...

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Malawian Airlines plane clashes with bird after take off: Forced to return at...

Passengers aboard a South Africa bound Malawian Airlines plane were forced to return to Kamuzu International Airport (KIA)  Thursday morning in Lilongwe after their plane clashed with a bird soon after...

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National Bank of Malawi concludes ‘Go Cashless and Win’ promotion

Listed National Bank of Malawi (NBM) plc on Tuesday made a final draw in the ‘Go Cashless and win’ promotion which it partnered retail shop giants Shoprite and PEP Stores to promote cashless...

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Tourism booming in Lake Malawi National Park

More than 8 000 local people have visited Lake Malawi National Park since last year, the figure which the Department of Parks and Wildlife has said is the highest in a decade. Previously, not more than...

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Malawi cooking oil distributor rues smuggling of product from Mozambique

Balaka-based Cutrate Traders has supported the re-introduction of 16.5 percent value added tax (VAT on cooking oil but has urged authorities to curb smuggling of the product from Mozambique. Minister...

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Malawian Airliner cancels flights

Malawi Airlines has left passengers in awkward situation after cancelling two flights without giving convincing reasons. In a notice, Malawian Airlines says it had cancelled flight ET20/21 from...

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FDH Bank, MASM sign pact on payments

Listed FDH Bank plc has signed a partnership agreement with health insurance provider Medical Aid Society of Malawi (Masm) to simplify digital payment processes for their clients. Signing the agreement...

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Karonga Council demolishes shops in undesignated trading places

Residents in Karonga on Tuesday woke up in shock after the district council demolished shops belonging to vendors plying their trade in undesignated trading areas. Steve Simsokwe, chairperson of...

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EU pumps in K52bn for Malawi skills transfer project

The European Union (EU) has pumped in  K51.8 billion for a skills transfer project which is expected to create jobs once it is rolled out. According to EU officials, the Skills for Jobs (Zantchito)...

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The importance of security in real money online casinos

Online gambling has become bigger and bigger, especially in the age of COVID-19 now that more people are spending time at home and on their mobile devices. According to experts, the industry shall have...

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Will Malawi ever see boom of online casinos as UK?

Malawi sits in south-east Africa and shares borders with Mozambique, Zambia and Tanzania. Despite the country’s varied landscape, Malawi has four main regions — the East African Rift Valley, the...

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NICO Pension rewards long serving staff; ‘Back bone of a company is human...

NICO Pension , a subsidiary of Nico Holdings plc, has rewarded three of its long serving members of staff in recognition that their dedication to work has contributed to the company providing value...

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Salima Sugar Company loses over K100m to fires, vandalism, theft: Engage...

Salima Sugar Company Limited has reportedly lost more than MK100 million this year due to illicit fires, vandalism and theft across its sugarcane farms. The company, which is in partnership with the...

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Philip Morris International Announces Planned Leadership Succession

Chairman of the Board to retire (effective immediately); André Calantzopoulos elected Executive Chairman of the Board (effective May 2021); Lucio Noto appointed interim Chairman; and Jacek Olczak...

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Norway partners ILO to improve working conditions in Malawi’s tobacco industry 

The Government of Norway and the International Labour Organization (ILO) on Tuesday signed a partnership agreement for a new development cooperation project to improve working conditions and access to...

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NICO Life strives to continue rewarding its long-serving staff to retain...

NICO Life, a subsidiary of NICO Group of companies, on Friday awarded two of its long-serving members of staff as a motivation for their dedication to work and the company’s mission to retain...

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Understanding the long and short positions at forex trading

Every Forex beginner should learn the basics of short and long positions because it is fundamental and essential for them. Traders become very confused when they are about to choose the timeframe or...

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