Name behind Tabby Couture

She is young and ambitious, living her dreams, but still pursuing her goal to have the best clothing line in the country, thus Tabitha Jambo. At only 23, Tabitha has established her own fashion line Tabby Couture at Ginnery Corner in Blantyre, which specialises in design, making and selling high quality clothes. In addition to…

Maize price to jump to record high—Report

Malawi will experience a record increase in maize prices in the 2016/17 marketing season largely due to no carry-over stocks from last season occasioned by the effects of El Nino, a latest report has said. The Famine Early Warning Systems Network (Fewsnet) report released on Friday said despite reduced maize prices during the harvest season,…

Malawi slips on e-commerce index

  Malawi has dropped eight steps to 129 on the 2016 United Nations Conference on Trade and Development (Unctad) business-to-consumer (B2C) index. The latest B2C assessed 137 economies on their readiness to engage in online commerce. Ministry of Industry, Trade and Tourism spokesperson Wiskes Nkombezi, in an interview on Thursday, said despite poor performance on…

FUM wants reforms in tobacco industry

The Farmers Union of Malawi (FUM) has called for reforms in the tobacco industry as one way of saving the sector from failing on the market. In an interview with Business News on Tuesday, FUM president Alfred Kapichira-Banda said there is need for authorities and concerned stakeholders to revisit some of the policies in the…

K14bn project to reduce internet charges by 75%

  The country’s Internet connectivity charges are set to drop markedly thanks to the construction of a fibre optic network by SimbaNet through the $20 million (K14 billion) World Bank-funded connectivity project. Just like other countries in Africa, Malawi has an underdeveloped communications infrastructure characterised by high charges, low penetration rates and poor service provision,…

Japan equipment to help reduce blackouts—Msaka

  Minister of Natural Resources, Energy and Mining Bright Msaka says Malawians should expect reduced power blackouts due to improvements that will be made in electricity generation at Nkula hydro power station. The minister, speaking on Thursday, said for a long time, Malawi has failed to meet electricity demand due to, among other things, siltation…

March inflation rate slows to 22.1%

Malawi’s year-on-year headline inflation rate for March 2016 as measured by the Consumer Price Index (CPI) has dropped by 1.3 percentage points to 22.1 percent from 23.4 percent in February 2016. National Statistical Office (NSO) attributed the drop to a decline in food inflation due to increased supply of cereals. Food inflation now stands at…

Admarc, CISANET clash on maize price

  The price at which Admarc is buying maize from farmers has brought the State produce trader and Civil Society Agriculture Network (CisaNet) on a collision course. The bone of contention is the price of K165 per kilogramme (kg) that Agricultural Development and Market Corporation (Admarc) is buying the staple grain from farmers. CisaNet argues…

Unima professor tips govt on financial independence

Newly-inaugurated University of Malawi (Unima) professor of finance and corporate strategy at the Polytechnic, James Kamwachale Khomba, says a change in perspective is critical to creating a sustainable financial independence for the country. Speaking during his professorial inaugural lecture at Hotel Victoria in Blantyre on Friday, Khomba said over the past two decades, Malawi has…

MCCCI cries for arrears

  Malawi Confederation of Chambers of Commerce and Industry (MCCCI) has expressed displeasure with government for only settling K71 billion (about $110.5million) of private sector arrears since last year. Government still owes the private sector K155 billion (about $241.2million). In an interview with Business Review, MCCCI immediate past president Newton Kambala said the slow progress…

CFTC talks tough on compliance

The Competition and Fair Trading Commission (CFTC) has urged businesses to ensure that they have adequate compliance procedures in place to avoid anti-competition business practices. CFTC director of mergers and acquisitions Richard Chiputula said this in Blantyre on Friday during the Compliance Training Workshop for Carlsberg Malawi Limited employees. He said CFTC prohibits enterprises from…

Government fails to meet businesses expectations

Malawi Confederation of Chambers of Commerce and Industry (MCCCI) immediate past president Newton Kambala says government has for the past two years failed to meet the expectations of the private sector. He said this during the Chamber’s 122nd Annual General Meeting (AGM) on Friday in Blantyre where he officially handed over the mantle to Karl…

MCCCI pushes for policy changes

Malawi Confederation of Chambers of Commerce and Industry (MCCCI) says there is need for Malawi to create more industries and shift the current monetary policy stance as one way of improving the macroeconomic environment for businesses in 2016. The chamber, popularly known as the voice of the private sector, specifically wants government to adopt a…

Malawi transport costs highest in Sadc—UN

Malawi’s transportation costs remain the highest in the Southern African Development Commission (Sadc) region, the United Nations (UN) has said. Recently released UN Economic Report on Africa (2016) indicates that Malawi’s transport sector accounts for 56 percent of landed transport costs and 30 percent of export costs, thereby increasing the cost of imported consumer goods…

Mera maintains fuel, electricity prices

Malawi Energy Regulatory Authority (Mera) has maintained pump prices of fuel to cushion the impact of the revised road freight rates which impacted on the landed cost of the product. In a statement on Wednesday, Mera board chairperson Bishop Joseph Bvumbwe also said considering the 8.14 percent electricity tariff increase, which was deferred on February…

250 lose jobs at FDH/MSB

FDH Financial Holdings Limited has fired about 250 employees as it reorganises the merging entities of FDH Bank Limited and previously wholly State-owned Malawi Savings Bank (MSB) in which the group acquired an 80 percent stake. The 250 represent 17.6 percent of the combined staff complement of the two banks, which stood at 1 420…

IPPS commit 4 000MW

  Government has received 4 000 megawatts of commitment in the hydro, wind, solar and heavy diesel oil from various independent power producers (IPPs) that so far have signed memorandum of understanding (MoU), that might lead to power purchasing agreements (PPAs). Minister of Energy, Natural Resources and Mining Bright Msaka said he hoped following the…