Monday, September 25Malawi's top news source
Shadow

Tag: Salima sugar

Salima Sugar Ex-Chair Sherieesh Betgiri Denied Bail

Salima Sugar Ex-Chair Sherieesh Betgiri Denied Bail

Corruption News
By Martha Kachingwe Phiri--LILONGWE Former Salima Sugar Company chairperson Sherieesh Betgiri has been remanded to Maula Prison until July 2023 after Principal Resident Magistrate's Court in Lilongwe has denied him bail. Police arrested him on Wednesday this week and is answering charges of money laundering and fraudulently obtaining a $300 million loan in Dubai in the name of the company. Principal Resident Magistrate Madalitso Chimwaza declined to grant the accused bail after the state had pleaded with the court that it needed more time to conclude its Investigations on the matter. In fact, Senior State advocate from the office of the Director of Public Prosecutions, Dziko Malunda told the court the state might be bringing more offences against the accused. Again, the sta...
Dedza Dynamos To Be Called Salima Sugar FC

Dedza Dynamos To Be Called Salima Sugar FC

Sports
Dedza Dynamos will now be called Dedza Salima Sugar Football Club following a 48 - million kwacha worth 9 month deal with the company. Salima Sugar Company Secretary Dr. Charles Thupi revealed this at their Lilongwe premises on Friday and says this is part of promoting Malawi football. Furthermore, the club shall have jerseys that will bear the company's logo on the chest. Dedza Dynamos Secretary General, Mavuto Mugode, says they are grateful and promises improved performance in the Super League. Mugode adds the sponsorship will be invested in youthful players and signing some top-notch players in Malawi and abroad. At the moment, the team is 7th on the Super League log table with 19 points. Just recently, Salima Sugar Company announced they will be sponsoring Dedza Dyna...
Salima Sugar To Hit Malawi Market In Two Weeks Time

Salima Sugar To Hit Malawi Market In Two Weeks Time

National
-As people still facing sugar shortage in shops, one of the county’s sugar manufacturing companies Salima Sugar Company Limited says its product will be on Malawi market in the next two to three weeks. In a statement, the company says is aware of the sugar scarcity in the market. The company says the date of the production commencement which is decided by the end of rainy season with a grace period for the soil to dry and the serial ripening of the cane crop. Salima Sugar ready in next two weeks“However, to address the severe shortages that have hit hard the country, we will commence sugar production by 15th May, 2022. This will help us plan the distribution to cover the country by end of May, 2022,” reads the statement in part. Meanwhile, the company has urged the its cus...