Friday, June 9Malawi's top news source
Shadow

Businesses stall in Likoma

Property owners along Lake Malawi shores in Likoma District have complained of loss of business as their premises have been submerged in water due to rising levels of water in the lake.

In an interview on Thursday, Aldwin Mtembezeka, who owns Club Aldwin along the lake shore said his business has greatly been affected, as access to the club has been reduced due to the water levels.

Mtembezeka added that they are creating alternative routes to the club, saying they have made some sand bags and are finding ways to drain water.

Another one, the owner of Pangani Zanu Rest House at Jalo Trading Centre, Bridget Patel, said she was no longer earning income from her business as the rest house has been rendered inhabitable.

District Commissioner (DC) for Likoma, Abubakar Nkhoma, said since March 2023, the water level in Lake Malawi has been rising due to heavy rains that have come due to the effects of Cyclone Freddy and inter tropical convergence zone.

Nkhoma said the situation has a negative effect on both infrastructure and crops to the extent that some people will not harvest.

Related News
Felix Chitera Head of Alternate Channels

Felix is the Head of Channels at MyBucks since April, 2020. He is responsible for the digital channels and agency Read more

Chitera appointed Acting MD for FDH Bank

Chitera appointed Acting MD for FDH BankChitera appointed Acting MD for FDH BankAfrica-Press – Malawi. The Board of Directors of Read more

Katsonga Launch Pyxus Agriculture Limited Groundnut Processing Plant

Minister of Trade and Industry Mark Katsonga Phiri says the launch of the Pyxus Agriculture Limited Groundnut Processing Plant will Read more

Airtel sells its towers in Malawi for over K45 billion

Airtel Africa has sold its 723 towers in Malawi to Helios Towers, an independent telecommunications infrastructure company, for US$55 million Read more

AHL To Sell 30% Foreign Exchange To RBM

Reserve Bank of Malawi has ordered Auction Holdings Limited to begin a mandatory sale of 30 percent of it's foreign Read more

Airtel Malawi’s Telecommunications Tower Sold To London-based Helios Towers Plc

The sale of Airtel Malawi’s telecommunications tower to London-based Helios Towers plc will help Airtel to improve and strengthen its Read more

Banki Mkhonde women trained in business management

A Mchinji based organization, Girls Activist Youth Organization (GAYO) has trained village savings loan groups locally known as Banki Mkhonde Read more

Forex Shortage Hit Airline Business Operations

Malawi’s forex shortage is threatening operations in the airline business, creating uncertainty on the future of the industry, Business News Read more

Fuel Hike To AAffect Tobacco Market

Local tobacco producers are expressing fear that this year’s tobacco market will be affected by the recent fuel price hike. Read more

NBM plc 2021 profits jump 52% to K34.2 billion

National Bank of Malawi (NBM) plc has registered a 52 percent after-tax profit of K34.21 billion for the year ending Read more

News To Read

Leave a Reply

Your email address will not be published. Required fields are marked *