Accelerating growth through  support to youth enterprises

The Royal Norwegian Embassy in Malawi has partnered with United Nations Development Programme (UNDP) in a new project called Malawi Growth Accelerator who support financially and technically some Malawian youths running innovative enterprises. Our Business Editor CHIKONDI CHIYEMBEKEZA engaged Norwegian Ambassador, Kikkan Haugen, on the importance of the project: Why is it important for innovative…

Malawi tea penetrates US, Canada markets

Malawi tea is now being recognised in Canada and United States of America (USA), thanks to good agricultural practices that have become a strong determinant of tea-sourcing decisions and choices by tea buyers worldwide. Tea Association of Malawi (Taml) chief executive officer Clement Thindwa said on Monday that international buyers lean towards tea producers that…

Inflation rate  drops to 8.3%

A Malawi’s year-on-year inflation rate for October 2017 has dropped by 0.1 percentage points to 8.3 percent from the previous month’s 8.4 percent, figures from the National Statistical Office (NSO) released yesterday show. The minimal drop could be a reflection of the increase in non-food inflation by 0.1 percentage points to 11.7 percent in October from…

RBM calls for inclusive, transformative growth at 2017 Ecama conference 

The 2017 Economics Association of Malawi (Ecama) Annual Conference has opened in Mangochi with call by Reserve Bank of Malawi (RBM) deputy governor Grant Kabango for authorities to plan for inclusive and transformative growth. “Economic growth is said to be inclusive when the growth creates opportunities for all segments of the population and the benefits…

Standard Bank East Africa Media Forum opens in SA

The Standard Bank East Africa Forum 2017 opened yesterday in Johannesburg, South Africa with a call to journalists to have an in-depth understanding of banking operations and opportunities for business. In her speech, Standard Bank Group head of media relations-Africa Region Kate Johns called for building relations and sharing insurance insights between the bank, which…

Inflation hits single digit

  Malawi’s inflation as measured by the Consumer Price Index (CPI) has hit a single digit of 9.3 percent, the first time in more than six years, National Statistical Office (NSO) figures show. The Reserve Bank of Malawi (RBM) had forecast that the rate of inflation will hit a single digit by December this year…