Business

Malawi strategises on AGOA extension

Malawi strategises on AGOA extension

Malawi is strategising on how to benefit more from the African Growth and Opportunity Act (Agoa) ahead of its possible…
Ecama tips govt ongrowth, inflation

Ecama tips govt ongrowth, inflation

The Economics Association of Malawi (Ecama) has urged government to commit to structural reforms and investments in human capital to…
Ecobank Malawi keen to build a better Malawi, Africa

Ecobank Malawi keen to build a better Malawi, Africa

The bank’s head of consumer banking Sophie Mlumbe said this at Res Pub and Grub in Blantyre during celebrations marking…
Ecobank Malawi keen to build a better Malawi, Africa

Ecobank Malawi keen to build a better Malawi, Africa

Ecobank Malawi says it remains dedicated to build a better Malawi and Africa by accelerating financial integration and economic prosperity.…
Board sets out to close 197 tourism outlets

Board sets out to close 197 tourism outlets

Tourism and Hotels Board has announced plans to close 197 tourism units for failure to meet minimum standards. In a…
Malawi dared on mining potential

Malawi dared on mining potential

The African Mineral Strategy Group has urged Malawi to play a leading role in financing exploration of mineral resources in…
NBM Development Bank posts K893m profit

NBM Development Bank posts K893m profit

NBM Development Bank Ltd has registered a profit-after-tax of K893 million in 2023 on account of a growing loan book…
Sugar prices go up, CFTC to open probe

Sugar prices go up, CFTC to open probe

Consumers are now paying 15 percent more for a one kilogramme (kg) packet of sugar following decisions by Illovo Sugar…
Airtel loses K56bn to kwacha decline

Airtel loses K56bn to kwacha decline

Malawi Stock Exchange-listed Airtel Malawi plc, says it has lost K56 billion following a 66 percent kwacha fall experienced in…
Debt progress worries IMF

Debt progress worries IMF

The International Monetary Fund (IMF) says it is concerned that the country’s debt situation has so far remained unaddressed. Speaking…
Malawi set to double groundnut production

Malawi set to double groundnut production

Stakeholders in the groundnut value chain have laid out an ambitious plan to raise groundnutproduction levels in the country from…
Kwacha among worst performers

Kwacha among worst performers

The World Bank has rated the kwacha among the four worst four performing currencies in the region in 2023, alongside…
EIU forecasts annual inflation at 33.9%

EIU forecasts annual inflation at 33.9%

The Economist Intelligence Unit (EIU) has projected Malawi’s 2024 annual inflation to rise 5.1 percentage points from 28.8 percent in…
 Clean energy firms rue taxes

 Clean energy firms rue taxes

Some private sector players in the clean energy space have urged government to make the taxation system more receptive for…
Pension industry tipped to invest in real estate

Pension industry tipped to invest in real estate

Following the revelation that pension funds face value-erosion in the mid of high inflation rates and continued depreciation of the…
 AID inflows to LDCs on decline

 AID inflows to LDCs on decline

 Development aid inflows to Least Developed Countries (LDCs), including Malawi, is on the decline with more assistance to low-income countries…
Macadamia factory feasibility study this year—Old Mutual

Macadamia factory feasibility study this year—Old Mutual

 Old Mutual Investment Group (OMIG) says the feasibility study of its macadamia cracking machine project will be completed this year…
Impact of AI on local businesses, economy

Impact of AI on local businesses, economy

Artificial Intelligence (AI) continues to change the way businesses are being conducted. While AI offers significant opportunities for innovation and…
Impact of AI on local businesses, economy

Impact of AI on local businesses, economy

Artificial Intelligence (AI) continues to change the way businesses are being conducted. While AI offers significant opportunities for innovation and…
Local firms in credit squeeze

Local firms in credit squeeze

Businesses are expected to experience a reduction in availability of loans as most banks plan to tighten credit standards and…
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