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,…
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…
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 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,…
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…
The 14-counter Malawi Stock Exchange (MSE) registered a positive return on index in October as reflected in the upward movement of the Malawi All Share Index (Masi) buoyed by price gains in three counters. The latest MSE Market Report for October 2019 indicates that the shares market was bullish as Masi moved from 29 546.27…
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…
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…
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…
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…
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…
The Reserve Bank of Malawi (RBM) has said mobile money is one of the most powerful tools in attaining financial inclusion in the country. RBM spokesperson Mbane Ngwira said mobile money offers the lowest cost access means to formal financial services because people can transact funds from anywhere and anytime unlike where brick and mortar …
Reserve Bank of Malawi (RBM) has backed the increase in money supply in the economy stressing that the bank has in place tight monetary policy measures to contain money supply growth, hence the feat is not inflationary. According to RBM figures for September, broad money supply (M2)— a certain measure of the amount of money…
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…
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…
The continued political impasse arising from recently held elections may have a negative effect on the country’s economic growth pegged at five percent, a local investment and advisory firm has warned. Malawi held tripartite elections on May 21 this year . Currently, a panel of five High Court judges sitting as the Cosntitutional Court is…
Malawi could improve its energy supply by benefiting from the Southern African Power Pool (Sapp) to provide reliable and economical electricity supply to consumers, an expert has said. Zambia-based Kafue Gorge Regional Training Centre director Engineer Kaela Siame said in an interview on Thursday in Blantyre that Malawi does not need to waste time in…
Zambia-based Kafue Gorge regional training centre director Engineer Kaela Kennedy Siame has advised Malawi to look beyond hydropower and explore other energy sources. He said the energy mix is key to addressing present power supply and production. Speaking on the sidelines of a day-long tour of Tedzani Hydropower Station in Neno on Thursday, Siame, who…
Mobile money usage has proven to be a viable alternative to formal financial services in rural areas, where achieving financial inclusion is challenging, the International Monetary Fund (IMF) has said. In its 2019 Financial Access Survey, the global lender said mobile money usage has had a profound impact on the way people access finance in…
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…
