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Business News
World Bank avails $340m for hydropower plant
The World Bank on Wednesday approved $340 million (K117 billion) for the regional Rusumo Falls hydroelectric project expected to produce 80 megawatts…
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Business News
Aviation industry boom-a boon for customers?
Ethiopian Airlines, one of the continent’s experienced and fastest growing airlines, is a strategic equity partner for Malawian Airlines Limited,…
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Business News
RBM says export diversification key to Malawi economy
The Malawi economy’s buoyancy from the spillover effects of stagnant growth in advanced economies could be enhanced through a…
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Business News
Local rights NGO invited at international forum
A local youthful human rights activist, Manuel Malamba, will be among 70 youth selected to attend the 9th annual…
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Business News
Loan default likely to continue—RBM
The Reserve Bank of Malawi said the financial sector is well capitalised, but credit risk remains high with ratio of…
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Business News
FMB K3.5bn profit in line with forecast
First Merchant Bank (FMB), whose K3.5 billion after-tax profit in the half year ending June 30 is in line with…
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Business News
MRA upbeat on 2013/14 tax collection target
Public tax collector Malawi Revenue Authority (MRA) is upbeat that it will collect the projected tax revenue at K338.9 billion…
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Business News
Malawi insurance industry to jack up penetration
With available statistics indicating that Malawi’s insurance penetration is at a paltry three percent, the Insurance Institute of Malawi (IIM)…
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National News
Escom bills jump
When the Joyce Banda administration embraced free market reforms that included liberalisation of energy prices in May 2012, the principal…
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Business News
RBM income jumps 5% in Q1
The Reserve Bank of Malawi (RBM) says its income in the first quarter (Q1) of 2013 grew by K12.9 billion…
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Business News
Malawi to benefit from AfDB’s $125m SMEs funding
Malawi is expected to benefit from a four-year $125 million (K43 billion) African Development Bank (AfDB) Africa Small and Medium…
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Business News
Illovo Malawi touts its business structure
Illovo Sugar (Malawi) Limited has said its business structure which combines agriculture and milling operations enhances its productivity through the…
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Business News
Economy moves from rescue to recovery—RBM
The Reserve Bank of Malawi (RBM) deputy governor (economics) Naomi Ngwira says the country’s economy has moved from “rescue to…
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Stock market trade sends indices up 0.4%
The local shares market closed in a bullish trade last week with five counters registering price gains, sending the 14-counter…
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Business News
Local producers to join network—Mftn
The Malawi Fairtrade Network (Mftn) has engaged an extra gear to showcase its principles, achievements and challenges to woo more…
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Business News
Ethiopia, Malawi airlines deal puts pressure on KQ
Kenya Airways (KQ) is set to face stiff competition in southern Africa following the return of Malawi’s national carrier with…
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Business News
Investors’ shift to stock market looms
As T-Bill rates continue to tumble In an efficient market, the downward trend in Treasury bills (T-Bill) rates is supposed…
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Business News
Kayelekera mine in record production
Paladin Energy’s Kayelekera Mine (KM) in Karonga has achieved a record production which is four percent above the March quarter…
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Business News
HR function critical to firms’ performance
Standard Bank Malawi has said the human resource (HR) function plays a critical role in any company’s performance, hence the…
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Business News
Illovo Malawi still glowing in Africa
Illovo Sugar (Malawi) Limited’s performance continues to shine on the African continent, with the latest being ranked one of the…
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