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Business News
Budget neglects Transport sector
Implementation of infrastrusture development in the transport sector is under threat unless Malawi increases funding to the sector, the Japanese…
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National News
EU, Japan commit K8bn to Malawi Covid response
The European Union (EU) has given Malawi 7.1 million euro (about K6.2 billion) while the Japanese Government committed K2 billion…
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Business News
Govt to boost fuel reserves in 5 years
Minister of Energy Newton Kambala says government wants to increase the country’s strategic fuel reserves from 60 days to 180…
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June inflation rate eases to 8.5%
Malawi’s year-on-year headline inflation rate for June 2020 declined by 0.2 percentage points to 8.5 percent due to the softening…
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Business News
Economic recession looms—NBM plc
National Bank of Malawi (NBM) plc says there are fears that the economy could slip into recession this year as…
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Business News
‘Mobile money tax limiting demand’
The Global System for Mobile Communications (GSMA) says the country’s mobile money penetration has further room for growth despite its…
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Business News
Economic goals under threat
Economics Association of Malawi (Ecama) says Malawi’s chances of attaining the middle-income status could be thwarted if the low growth…
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Business News
New Jica chief speaks on economy, Covid-19
Newly-appointed Japanese International Corperation Agency (Jica) Malawi chief representative Wada Yoshikazu has said Covid-19 pandemic creates a great concern on…
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Business News
MCCCI foresees gloomy outlook for businesses
Malawi Confederation of Chambers of Commerce and Industry (MCCCI) says the rising cases of Covid-19 will negatively affect businesses in…
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Business News
Ictam blames taxes for rising Internet cost
Information Communication and Technology Association of Malawi (Ictam) has cited the 26.5 percent tax levied on Internet, poor infrastructure and…
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Business News
National income declines—report
Malawi’s gross national income (GNI) per capita has declined by 15 percent in the past decade, a development that has…
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Business News
Utility bills default cripples water boards
Unpaid utility bills by ministries, department and agencies (MDAs) are worsening liquidity positions for the country’s water boards, the Malawi…
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Business News
Mixed fortunes in New tax measure
Treasury’s move to widen the tax-free band and increase minimum wage could boost demand and production of goods for businesses,…
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Business News
MCCCI wants tax burden reduced
The Malawi Confederation of Chambers of Commerce and Industry (MCCCI) says it is hoping for efficiency-driven fiscal policies and reduced…
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Business News
Tough times for Low wage earners
Minimum wage earners are struggling to provide for their families following a decline in income due to the Covid-19 pandemic,…
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Business News
Employers’ covid-19 recovery on hook
Employers Consultative Association of Malawi (Ecam) says it is worried with lack of commitment from government on recovery measures for…
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Business News
Covid-19 to worsen Poverty levels—report
The International Food Policy Research Institute (Ifpri) says an estimated 1.1 million Malawians have fallen into the poverty trap two…
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Business News
Sunbird moves to contain risks
Sunbird Tourism plc says it has appropriate structures in place to ensure adequate responses to emerging risks in its operating…
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Business News
Icam cautions Treasury on borrowing
The Institute of Chartered Accountants in Malawi (Icam) has warned Treasury that increased borrowing in the 2020/21 fiscal year will…
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Business News
IMF tips treasury on debt
The International Monetary Fund (IMF) says prudent fiscal management is needed to maintain macroeconomic sustainability. IMF resident representative Farayi Gwenhamo…
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