Business Review
In search for comfort in flue-cured tobacco
- Category: Business Review
- Published Date
- Written by Dumbani Mzale
‘Private sector must utilise govt efforts’
- Category: Business Review
- Published Date
- Written by Brenda Twea
Malawi Investment and Trade Centre (Mitc) has called on the private sector to utilise government efforts in growing economic activities in the country, through participation in international trade exhibitions.
The losers in the kwacha appreciation saga
- Category: Business Review
- Published Date
- Written by INNOCENT HELEMA
The kwacha has appreciated by about 17 percent from around K412 to the dollar on April 19 to the K347 on May 21 indicate official exchange rates from the Reserve Bank of Malawi (RBM).
Globe engages specialist on Kanyika project
- Category: Business Review
- Published Date
- Written by Chikondi Chiyembekeza
Globe Metals and Mining, the Australian Stock Exchange (ASX)-listed miner, has engaged the services of a specialist to assist with optimisation of the concentrate processing plant and product marketing for the Kanyika Niobium Project (KNP) in Malawi.
Vale cuts exports by 30% on poor rail link
- Category: Business Review
- Published Date
- Written by Chikondi Chiyembekeza
Brazilian mining group, Vale, which is investing $4.4 billion on a new railway line across southern Malawi to the deep water port of Nacala, has reduced its estimate for coal exports from Mozambique by 30 percent.
AHL commodities exchange set to roll out
- Category: Business Review
- Published Date
- Written by Dumbani Mzale
Malawi’s first commodities exchange, Auction Holdings Limited Commodities Exchange (AHCX), is set to open its business in the next two weeks, the group’s chief executive officer Evans Matabwa has said.
Illovo ups capital projects expenditure
- Category: Business Review
- Published Date
- Written by Brenda Twea
Illovo Sugar (Malawi) Limited has committed K8 billion (about $20m) to capital projects in both agricultural and factory operations. This represents a 166 percent rise from last year’s K3 billion (about $7.5m).
Ecobank profits fall 95 percent
- Category: Business Review
- Published Date
- Written by INNOCENT HELEMA
Ecobank Malawi Limited 2012 profit dropped by 95 percent to K5.6 million from K118.6 million on account of foreign exchange losses that were incurred by the bank following the devaluation in May 2012.
Kwacha appreciation: Flip side of the coin
- Category: Business Review
- Published Date
- Written by Chikondi Chiyembekeza
For those in the know, the recent appreciation of the kwacha is not something new and cannot be a cause for celebration, if what has been observed over the past weeks, particularly from the authorities, is anything to go by.
EAC economies improving business climate
- Category: Business Review
- Published Date
- Written by IFC and World Bank.
A new IFC and World Bank report shows that in 2011/12 all five economies of the East African Community (EAC)—Burundi, Kenya, Rwanda, Tanzania, and Uganda—implemented at least one institutional or business regulatory reform improving the business climate for local entrepreneurs.
Matthews Mtumbuka
INNOCENT HELEMA
Desmond Dudwa Phiri
Christopher Jimu