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Business News
Covid-19 dampens firms’ prospects
Malawi Stock Exchange (MSE)-listed firms are poised for a challenging second half (H2) due to the Covid-19 pandemic, which has…
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Business News
Admarc worsens farmers’ misery
The Famine and Early Warning Systems Network (FewsNet) says Admarc’s lack of money to buy agriculture produce has put farmers…
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Business News
Employers want VAT On pension suspended
Employers Consultative Association of Malawi (Ecam) has asked government to suspend the implementation of 16.5 percent value added tax (VAT)…
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Business News
RBM touts MSE infrastructure, operations
The Reserve Bank of Malawi (RBM) has touted Malawi Stock Exchange’s (MSE) infrastructure and operations, saying it makes the local…
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DEBT service costs Govt k1tn in 5 years
Treasury has spent K993.6 billion in interest payments in the past five years, Business News has established. This money could…
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Business News
K100bn needed to Stablise maize prices
Treasury needs to inject at least K100 billion annually for buffer stock maize purchases if the price of the staple…
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Business News
Egenco upbeat on new Escom deal
Electricity Generation Company (Egenco) has expressed optimism that it would sign a new power purchase agreement (PPA) with Electricity Supply…
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Editors Pick
Chakwera outlines agenda, courts investors
President Lazarus Chakwera yesterday said his administration is pursuing policies that will attract foreign direct investment (FDI) into the country…
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Front Page
Escom’s K53bn burden eased
Power utility Escom will not get the financial bailout it craved for, but can now breathe a sigh of relief…
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Business News
Cost of living down 12%, workers still bearing brunt
Despite the cost of living easing by 12 percent in the first six months of this year, the Centre for…
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Business News
Govt sets up workers’ compensation fund
Minister of Labour Ken Kandodo has admitted that rising workers’ compensation claims are increasingly becoming a burden on some employers,…
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Business News
Pension tax to hit jobs—ECAM
Employers Consultative Association of Malawi (Ecam) has warned that some firms could be forced to fire workers following the 16.5…
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Business News
Indigenous businesses Lose out procurement
Minister of Trade Sosten Gwengwe says indigenous Malawians are not benefiting from public procurement despite available regulations for preferential treatment.…
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Business News
Rab Group CEO gives govt hints on job creation
Rab Group of Companies group chief executive officer Ahmed Sunka has asked government to address issues of high taxes, smuggling…
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Business News
Malawi’s trade deficit improves in June
Malawi’s trade deficit-an amount by which the cost of a country’s imports exceeds its exports-slightly improved in June by 2.8…
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Business News
Govt closes year With k429bn deficit
Treasury has posted a K428.7 billion deficit in the 2019/20 financial year, published Reserve Bank of Malawi (RBM) figures showed…
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Business News
Pension tax irks workers
Malawi Congress of Trade Unions (MCTU) has decried the 16.5 percent value added tax (VAT) that will be levied on…
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Business News
Tea industry rebuffs minimum wage hike proposal
Tea Association of Malawi (Taml), a grouping of large tea estates, says it cannot afford to pay its workers the…
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Business News
Audit key to settling utility bills—Treasury
Ministry of Finance says it will wait for the National Audit Office to audit oustanding arrears government institutions owe the…
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National News
Old Mutual pays health workers’ Covid-19 claims
Old Mutual (Malawi) plc says it has settled one claim with two others in the pipeline four months since the…
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