‘Innovation, key to Malawi’s development agenda’

Academicians and panelists to a discussion on teaching and learning for innovation have challenged institutions of higher learning to be innovative in delivering lessons, observing that Malawi needs innovative thinkers to ably contribute to its national development agenda. The call was made during a stakeholder consultation and panel discussion on teaching and learning for innovation,…

‘Malawi’s uptake on digital industrialisation low’

With up to 70 percent of the manufacturing sector still using analogue technologies, Malawi’s uptake in digital industrialisation is low, an analysis of 13 developing countries on the uptake advanced digital production (ADP) shows. A latest United Nations Industrial Development Organisation (Unido) report titled Industrialising in the Digital Age indicate that Malawi’s investment and technology…

Govt U-turns on Medf recapitalisation plans

Treasury says it has put on hold plans to turn the Malawi Enterprise Development Fund (Medf), formerly Malawi Rural Development Fund (Mardef), into a bank. Against the background of its loss-making history, former Minister of Finance, Economic Planning and Development Goodall Gondwe last year announced that government would turn the fund into an agriculture bank. …

Digital payments up in Q3

Digital payment transactions are fast picking with records showing a continued growth in daily average volume and value of transactions of the digital financial platforms and Malawi Interbank Transfers and Settlement System (Mitass), which is the country’s core payment system. According to the Reserve Bank of Malawi (RBM) National Payment System (NPS) third quarter   report,…

RBM cracking down on illegal forex dealings

Reserve Bank of Malawi (RBM) has stepped up war against and speculative foreign currency dealings with the latest effort being tightening forex trading regulations to weed out fraudsters from the lucrative business.  Economists argue that illegal forex trading could to trigger inflation and weaken local currencies, which would make imports expensive and worsen budget deficits…

Firm tips youths on sustainable business

Project Innovation Centre (PIC), a local innovation firm, has advised budding entrepreneurs to take interest in financial matters and learn the know-how of money management. Speaking in Blantyre on Saturday on the sidelines of a day-long Entrepreneurship and Financial Seminar, the firm’s chief executive officer Kondwani Chirwa said this will enable entrepreneurs to grow and…

CfSC irked with high cost of living

Centre for Social Concern (CFSC) has said low income earners in the country are facing  huge challenges to earn a decent living despite government efforts to narrow cost of living and  earning gap by the revising the minimum wage and tax-free band. Minister of Finance, Economic Planning and Development Joseph Mwanamvekha announced in Parliament last…

Govt, firm in  K355bn tussle

Fuel retailer Total Malawi is entangled in rebates arrears deal which could see the firm paying Malawi Government and a private company about $480 million (about K355.2 billion) through an arbitration process. The pending arbitration process follows a September 11 2019 order granted by Judge Annabel Mtalimanja of the High Court of Malawi Commercial Division…

CfSC tips govt on taming maize prices

The Centre for Social Concern (CfSC) has asked government to support farmers in commercialising legume crops and ensure access to both domestic and international markets to ease pressure on the maize prices. Malawi has of late  seen early pressure mounting on food prices, particularly maize, a situation which has pushed a kilogramme (kg) of maize…

Minorities bemoan share price tumble

Minority shareholders of Malawi Stock Exchange (MSE)-listed firms have expressed worry over share value losses on some counters, saying it is eroding the gains made in recent times. Minority Shareholders Association of Malawi secretary general Frank Harawa said in an interview on Thursday that the development has cost shareholders as the shares market is becoming…

Malawi advances on cyber security initiatives

Malawi Communications Regulatory Authority (Macra) says it is advancing on the implementation of cyber security-related activities outlined in the Electronic Transactions and Cyber Security Act of 2016. Macra started implementing the National Computer Emergency Response Team (Cert), which will take charge of Malawi’s information infrastructure protection actions and serve as a base for national coordination…

Hope for businesses as rand stabilise

The stability of the South African rand recorded in the past three months presents an opportunity for the country’s businesses to thrive, analysts have said.   South African rand, which has been fluctuating since end last year, has seemingly stabilised from July to date. Reserve Bank of Malawi (RBM) figures show between August last year to…

Energy experts to discuss hydropower woes, solutions

Energy experts from within Africa and beyond will from this Tuesday converge in Blantyre to share and discuss challenges in power generation and provide solutions faced by hydro electricity generation firms. Electricity Generation Company (Egenco) senior public relations officer Moses Gwaza said in an interview on Sunday the platform will provide an opportunity for policy…