NITL registers MK6.99 billion profit
By:Mayamiko Phiri.
National investment trust plc (NITL) has registered a MK 6.99 billion after tax profit for the year ending December 31 2022, representing a 49.73 percent growth compared to the previous year's profit of MK 4.67 billion.
Total investment income tax grew to MK 7.35 billion, a 49.50 percent increase year on.
NITL board chairperson Esther Gondwe disclosed this during the firm's annual general meeting held...
Human Resource Sector crucial in the implementation of 2023 Pension Amendment Act
By Steven Godfrey Mkweteza
The Human Resource Society of Malawi (HRSM), says the implementation of the 2023 pension amendment Act would be successful if only human resources personal of various companies are well equipped with adequate knowledge about the Act.
Secretary General for the society, Robin Kajasiche said this in an interview on the sideline of a day long continuous professional workshop on pension Act and...
Malawians urged to invest into stock market
By Steven Godfrey Mkweteza
Malawi Stock Exchange (MSE), has reiterated the need for the country to intensify efforts on the financial inclusion drive by subscribing to the long term instruments such as shares if the wealth creation aspirations is to be met.
Speaking during the Minority Shareholders Association of Listed companies (Misalico) shareholding literacy open day program in Blantyre, Chief Executive officer (CEO) for the Stock...
MALAWI HAS TALENTS SEASON 1 UNVEILS 30 FINALISTS
By Mayamiko Phiri.
Malawi has talents show, an initiative of First capital bank (FCB) and Times group has unveiled 30 finalists for the show scheduled for Bingu International conference center (BICC) in Lilongwe on 30th July.
Speaking during the unveiling ceremony at Times studios in Blantyre on Wednesday, 21st July.
FCB head of marketing and communication Twikale Chirwa stated that they partnered with Times group for the...
FMB CAPITAL HOLDINGS REGISTERES USD 61.2 MILLION PROFITS
By Mayamiko Phiri.
FMB capital holdings Plc has registered USD 61.2 million after tax profit in the financial year ended 31th December 2022.
Net interest income for the year is up by 13 percent and total non-interest income is up by 8 percentage resulting in total operating income of USD 191.6 million, a growth of 10 percent year on year.
While customer deposits are up to 17...
