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Business News
Rich, poor gap continues to widen—Oxfam
The world’s 26 richest people now own the same wealth as the poorest half of humanity, with inequality spiralling out…
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Business News
RBM beats 2018 inflation target
Malawi’s annual headline inflation rate for 2018 was recorded at 9.2 percent, which is below the Reserve Bank of Malawi…
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Business News
Commercial banks loan loss provision soars
Loan loss provisions for commercial banks has soared to K34.6 billion as at end-November 2018, figures from the Reserve Bank…
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Business News
IMF delves into population boom
The International Monetary Fund (IMF) has said while a young and dynamic population can help economic development by generating an…
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Business News
Treasury posts k54.5bn deficit in November
Treasury has recorded a K54.5 billion deficit in November, despite posting a 3.5 percent revenue increase. Available figures from the…
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World Bank cautions on domestic financing
World Bank country economist Priscilla Kandoole has cautioned on the shifting trends in domestic financing which has seen the composition…
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Business News
Are reduced pump prices inflationary?
While the fuel price reduction impact will not be felt by everyone, it could bring down inflation in the short…
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Business
Icon properties Raises k14.7bn
Icon Properties Limited has raised K14.7 billion through an initial public offering (IPO), issuance of shares for the first time…
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Business
Tax reforms costing businesses
The Malawi Confederation of Chambers of Commerce and Industry (MCCCI) says some of the tax reforms government introduced are adding…
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Business
Mkango Resources gets licence extension for Malawi project
Mkango Resources Limited, a Canadian-based mineral and exploration company, has been awarded a two-year licence renewal for exclusive prospecting. The…
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Business
Interventions needed to narrow gender gap
Chancellor College Economics professor Ben Kaluwa says narrowing the gender gap will require policy intervention. Kaluwa said this yesterday in…
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Business
Malawi ranked among most vulnerable African countries
Malawi is among the world’s poorest countries facing some of the worst economic and financial risks arising from climate change, …
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Business
Industry stance on interest capping irks consumers
Consumers Association of Malawi (Cama) has expressed dissatisfaction with the business community for taking a stance against the capping of…
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Business
IMF takes stock of economy
The international Monetary Fund (IMF) has described 2018 economic performance as a jumble, adding 2019 could prove to be challenging…
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Business
CfSC weighs in on inflation targets
The Centre for Social Concern (CfSC) has called for a review of the Consumer Price Index (CPI), which measures changes…
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Business
2018 inflation fortunes
Since August 2017, the country achieved a milestone by registering a single digit inflation at 9.3 percent, which was largely…
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Business
World Bank hails financial sector reforms
The World Bank has commended the Reserve Bank of Malawi (RBM) for it modest improvements in the financial sector following…
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Business
NBS Bank posts 130 percent profit in 2018
Malawi Stock Exchange (MSE)-listed NBS Bank plc says it expects profit after tax for the year ending December 31 to…
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Business
2018: Growth revised downwards again
Yet again, Malawi revised downwards economic growth projections. This has been the case in the past three years. Ministry of…
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Business News
Imports continue to grow at a low rate
Malawi’s imports continued to grow although at a low rate, with figures from the World Bank indicating a strong growth…
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