Agriculture key avenue for raising incomes—Minister

  Ministry of Agriculture, Irrigation and Water Development has said agriculture could become the country’s key avenue for raising incomes, poverty reduction and food security if there are combined social protection and agricultural interventions. In an interview on Tuesday, Minister of Agriculture, Irrigation and Water Development Joseph Mwanamvekha said increasing output for some crops is…

Businesses seek government intervention on partnerships

Some international exhibitors who attended this year’s Malawi Investment Forum (MIF) have urged government to empower local entrepreneurs with bankable projects to venture into partnerships with potential foreign investors. In an interview with Business News on the sidelines of MIF 2018 last week, India based Solar Panel Manufacturer director Chintan Punawara said without joint ventures,…

Economy spurred our growth—TNM plc

Malawi Stock Exchange (MSE)–listed Telekom Network Malawi (TNM) plc has said the relatively stable and improved macroeconomic environment has helped anchor the company’s growth in 2017. TNM plc board chairperson George Partridge, speaking in an interview at the 23rd Annual General Meeting (AGM) held at Sunbird Mount Soche in Blantyre, said this was aside from…

RBM revises kwacha exportation limit

  The Reserve Bank of Malawi (RBM) has revised the limit on the exportation of the kwacha to monitor the movement of cash as well as promote cross-border trade. In a statement, RBM Governor Dalisto Kabambe said cross-border traders may now export kwacha equivalent of $5 000 (K3.6 million) for purchasing merchandise across the border…

Is trade fair still relevant?

  The 10-day Malawi International Trade Fair (Mitf) ended on Sunday with stakeholders expressing different views on whether it was a success or not. While Malawi Confederation of Chambers of Commerce and Industry (MCCCI) communications manager Millie Kasunda said the fair was a success, some stakeholders argue that this is the worst trade fair they…

World bank tips malawi on poverty reduction

  The World Bank has cautioned Malawi government to pay attention to social safety nets when designing poverty reduction policies. In its Malawi Economic Monitor titled Realising Safety Net’s Potential released on Thursday in Lilongwe, the Bretton Wood institution said there is evidence showing that social safety nets are making a substantial contribution in the…

MSE shines on regional level

Although the prior week was tough on African markets with most of the markets in the region closing on negative territories, Malawi Stock Exchange (MSE) triumphed along with Tunisia, an African Markets weekly commentary shows. An African Markets, a platform which aggregates news stories for 17 African stock markets, and provides data and snapshots of…

Minority shareholders feel sidelined on automated trading system

  Minority shareholders of Malawi Stock Exchange (MSE)-listed companies have decried lack of information on the conversion of share certificates from paper to electronic, fearing some investors may be left behind. The Reserve Bank of Malawi (RBM)-based Central Securities Depository (CSD) has started conversion of share certificates from paper to electronic towards the Automated Trading…

CfSC outlines budget gaps

The Centre for Social Concern (CfSC) has faulted some government’s priority areas in the 2018/19 financial year, warning the fiscal plan could widen the gap between the rich and poor. The sentiments are in reaction to the 2018/19 Budget Statement Minister of Finance, Economic Planning and Development delivered on May 18 in Parliament. The minister…