Firm sees inflation rate on bumpy ride

Malawi faces a rollercoaster ride of rising inflation rate as the country is in the lean season in terms of food availability, an investment management and advisory firm has said. In its September 2018 economic outlook, Nico Asset Managers Limited, a subsidiary of listed financial services group Nico Holdings plc, noted that the food inflation…

Chipulula mu DPP

Masankho a ndime ya chipulula (mapulaimale) ayamba ndi moto m’chipani cha Democratic Progressive Party (DPP). Lolemba lapitali yemwe adali mkulu wa bungwe la fodya la Tobacco Control Commission (TCC) komanso adakhalako woyang’anira nyumba yachifumu ya mtsogoleri wa dziko lino Bruce Munthali, adagwa chagada kumpoto m’boma la Mzimba. Iyeyu amapikisanana ndi Rosemary Mkandawire yemwe adali mkulu…

Investors, general  Traders different

The Malawi Investment and Trade Centre (Mitc) has called on Malawians to differentiate between general traders and investors. Mitc chief executive officer Clement Kumbemba said in an interview on Wednesday that general traders register with the Ministry of Industry, Trade and Tourism to operate their businesses while investors get their licences from Mitc, which is…

Firms shun Mzuzu Trade Fair

  Businesses and other stakeholders shunned this year’s third Mzuzu Trade Fair organised by Malawi Confederation of Chambers of Commerce and Industry (MCCCI). The event, which ran for three days, had 16 pavilions most of which were displays of agriculture services. The fair started on Friday and ended on Sunday. In an interview, guest of…

Airline stops strike

Malawian Airlines management yesterday stopped its staff from staging a strike following pay disputes, describing the proposed industrial action as illegal and unjustifiable. While the employees are demanding an average of 15 percent pay hike, the management only approved a five percent increase in this financial year. This did not please the employees who then…

More african firms investing in africa

  The African Development Bank (AfDB) has said opportunities for investment in Africa outweigh the obstacles. In its first Africa-to-Africa (A2A) Investment Report, AfDB unearths the realities African firms face when investing on the continent, the emerging trends in A2A investment and steps African policymakers could take to accelerate intra-African investment. The report says African…

Akana kulemba UTM

Akatswiri pa nkhani za ndale ati mlembi wa zipani sadalakwitse pokana kulemba UTM ngati chipani m’dziko muno. Wachiwiri kwa mlembi wa zipani Chikumbutso Namelo adakana kulowetsa m’kaundula wa zipani gulu la United Transformation Movement(UTM) lomwe likutsogoleredwa ndi wachiwiri kwa mtsogoleri wa dziko lino Saulos Chilima. M’chikalata chopita ku UTM kuchokera ku ofesi ya mlembiyi, Namelo…

Maize prices push  up inflation rate

Rising prices of maize, the country’s staple grain and the main determinant of the consumer price index (CPI), have slightly pushed up the August 2018 inflation rate by 0.3 percentage points to 9.3 percent from nine percent in July. National Statistical Office (NSO) figures released on Wednesday showed that food inflation—which constitutes 45.2 percent of…

Miner could ship More samples

  Sovereign Services Limited, a company conducting a graphite feasibility study at Malingunde in Lilongwe, says it may ship more samples to Canada for testing if need arises. Last week, the company disclosed to officials from the Ministry of Natural Resources, Energy and Mining that it has so far shipped 40 tonnes (about 40 000…

Planning commission key for policy formulation—Ecama

  The Economics Association of Malawi (Ecama) has said a  fully established National Planning Commission (NPC) is key for economic policy formulation and implementation of the country’s development agenda to drive sustainable economic growth. Ecama executive director Maleka Thula said this on Sunday in the context that since its formation, the NPC— established by an…

Malawi fails to meet  chickpea global demand

  Malawi does not have a certified chickpea variety, a situation that has seen the country failing to penetrate the international market, researchers have said. Following this, researchers are now proposing the release of three new high-yielding and stress resistant varieties of chickpeas. Although the demand for the leguminous crop is growing in Asia, catalysed…

Clarify Kayelekera mine status—NGO

  Natural Resources Justice Network (NRJN), a local non-governmental organisation (NGO), has asked government to clarify the status of Kayelekera Uranium Mine following a move by Paladin Africa, a subsidiary of ASX and TSX-listed Paladin Energy, to dispose of some of its equipment. Uranium production at the mine was suspended in 2014 following a slump…

Karonga coal mine  targets local industries

  Kasikizi Coal Mine in Karonga, which was launched last month, has started production by targeting local industries. The mine’s production capacity is pegged at 20 000 tonnes a month and targeting the textile, agro processing and brewery industries, according to one of the mine directors Grain Malunga. Malawi’s coal industry has been on death…