Business

A group of owners of Tipper Trucks is asking the Ministry of Transport to bring sanity in the transport sector by stopping a growing tendency of mine owners that are now dominating the transportation of products such as quarry. The group represented by Richard Kokoliko alleged to Zodiak Online that Chinese nationals have dominated the transportation of the products and they fear of being pushed out of business if action is not urgently taken. Ministry of Traport Spokesperson, Ganizani Liwewe when contacted asked for more time to consult before commenting on the concerns. Angered by the current situation, the grouping has agreed to write the Minister of Transport through their association, Tipper Owners Association of Malawi.

The 2022 tobacco marketing season has raked in about K170 billion as of 15 July. Tobacco Commission (TC) Spokesperson, Telephorus Chigwenembe, said this year farmers have enjoyed good prices despite the volumes of tobacco being low. "This year the average price has been on the higher side than it was during the last selling season," added Chigwenembe. The TC has since described this season as a success as farmers have enjoyed good prices from the onset of the market. Meanwhile, TC has disclosed that this year's tobacco marketing season will close on 12th August. "Chinkhoma Auction Floors in Lilongwe and Limbe will close on 5 August while Mzuzu will end the season on 12 August," said Chigwenembe According to Chigwenembe, Mzuzu will be the last to close because there are s...

Small Scale Business Operators Association in Malawi has threatened to stage national protests should the judiciary continue to delay pronouncing a judgment on a case in which government wants refugees and asylum seekers to stop plying their trade illegally. General Secretary for the association, Tennyson Mulimbula, says the case has stalled for several months despite Chief Justice Rezini Mzikamanda’s ultimatum to the judiciary to conclude outstanding cases within 90 days. Mulimbula argues the delay by High Court Judge Mandala Mambulasa to pronounce judgment on the case is negatively affecting their businesses due to the influx of foreigners on the market. Registrar of the High Court and Supreme Court of Appeal, Kondwani Banda has since called for patience on the matter. Last ...

Umodzi Holdings Limited, which owns BICC, Malawi Square, Presidents Hotel and Presidential Villas, has said it has posted it's first profit since it was established around 2013. Umodzi Holdings Limited Chairperson John Kamanga says the firm, which has been registering losses recorded a profit of K413 million in the year ended March 31, 2022. According to Kamanga, the firm has also audited financials dating back to 2015.

Minibus fares have gone up in the central region and some parts of the southern region due to the fuel hike which was effected last night. Spot-checks indicate that a route from Lilongwe-Nkhotakota is now at K9000 from K7000, whereas those travelling from Kasungu-Lilongwe will now be paying K5500 from K4000. Lilongwe-Ntchisi the price is now at K4500 from K3000. From Zomba to Blantyre, people are now paying K4,000 from K3000, further affecting transport fares within the city as those traveling from Chinamwali and Matawale to Zomba Central business district will now pay K500 from K400.