Governance codes and regulations Press Trust is fully committed to achieving high standards of corporate governance in conducting its business. The principle governance rules that apply to the Trust are set out in the Press Trust Reconstruction Act (PTRA), 1995. The PTRA enshrines virtually all the tenets of good corporate Read more…
The original shareholders of the PHL were two MCP seasoned politicians: the late Mr. Richard Katengeza and the late Mr. Sydney Somanje as nominees of the people of Malawi. In 1970, the Central Executive Committee of the MCP decided that the original shareholders of the Malawi Press Limited, namely, Dr. Read more…
As part of the restructuring process, it is believed to be the case that Dr. Banda’s hand may have been forced to create a trust1, The Press Trust, to which he transferred all the shares he held in Press (Holdings) Limited. On 10th February 1982, by a Trust Deed, he Read more…
In 1992, Malawians seem to have rediscovered their age-old intolerance to undemocratic system thus irreversibly propelling the nation back into the transition process. However, constitutionally, legally and politically, the pivotal year in Malawi’s transition from single-party to a multiparty system was 1993. On June 14th of that year a referendum Read more…
The New Political Dispensation Immediately the UDF came into power in 1994, one of the first issues it dealt with was the status of the Press Trust. Until then, the social and economic activities of the Trust were shrouded in some secrecy. The majority of people suspected that Trust’s activities Read more…
Principal Object of the Trust The main object of Press Trust (Paragraph 3 of the Deed) is to provide funding by way of grants, donations or contributions to any person or institution for charitable purposes which are in the interest and for the benefit of the people of Malawi including for Read more…