-
Business News
FDH Bank profit up to K14.4bn from K5.3bn
FDH Bank plc has posted a K14.4 billion after-tax profit for the year ended December 31 2020, its financial statement…
Read More » -
Business News
Govt borrowing pushes up bank lending rates
Increased government borrowing on the domestic market has triggered a rise in commercial banks’ reference rate for April, the Bankers…
Read More » -
Business News
Digitisation key to economy amid Covid-19—Word Bank
The World Bank says digital technologies present an opportunity for Malawi and other African economies to ensure continuity of activities…
Read More » -
Front Page
Price rises jilt Tonse
Rising prices of goods and services in the past three months are eroding consumers’ incomes and pushing more Malawians into…
Read More » -
Business News
Prohibitive fees exclude farmers from lucrative marijuana farming
Tobacco farmer Alfred Phiri was thrilled last February when the Malawi Parliament passed legislation for the cultivation of marijuana in…
Read More » -
Business News
RBM speaks on monetary policy
Reserve Bank of Malawi (RBM) says it will continue monitoring the market and making prudent decisions to support economic recovery…
Read More » -
Business News
CfSC says rising cost of living biting
The Centre for Social Concern (CfSC) says rising food and non-food prices have pushed up the cost of living, throwing…
Read More » -
Business News
Covid-19 worsens MW trade balance
Malawi’s trade balance—the difference between the value of a country’s imports and its exports—widened further last year as the country…
Read More » -
Business News
Firms claim cooking oil sales down 50
Edible Cooking Oil Association of Malawi (Ecoam), a grouping of five cooking oil manufacturers, claims that the re-introduction of the…
Read More » -
Business News
Exports to AGOA 60% down
Malawi’s exports to the United States (US) through the African Growth and Opportunity Act (Agoa) preferential trade window continue to…
Read More » -
Business News
EIU doubts economic recovery amid Covid-19 vaccine rollout
Economist Intelligence Unit (EIU), a United Kingdom-based research and analysis division of Economist Group, sees no immediate return to economic…
Read More » -
National News
Court orders Alliance Capital to pay K373m
T he High Court Commercial Division in Blantyre yesterday gave investment and portfolio managers Alliance Capital Limited eight days to…
Read More » -
Business News
Malawi agro sector growth defies Covid-19
Slowdowns in local and cross-border economic activities induced by Covid-19 restrictions failed to stop growth in the agricultural, forestry and…
Read More » -
Business News
Tedzani IV works 98% complete, ready September—Egenco
Construction works to add 18 megawatts (MW) to Tedzani Hydro Power Station are on course, raising hopes of increased power…
Read More » -
Business News
Malawi, others get k32bn un support
United Nations (UN) has committed a $41 million (about K32 billion) allocation to Malawi and three other countries to accelerate…
Read More » -
Business News
Kwacha continues to face pressure
The kwacha is fast losing value against the dollar and other major trading currencies largely due to the continued demand…
Read More » -
Business News
Employees owed K26.2bn in pension arrears—RBM
Employers are yet to remit about K26.2 billion in pension money to fund managers, a development the Reserve Bank of…
Read More » -
Business News
Mkango upbeat on global rare earths market
Mkango Resources Limited, a dual-listed mining firm, says rare earths prices continue to rise on the global market and concerns…
Read More » -
Business News
MSE closed on higher note in February—report
The Malawi Stock Exchange (MSE) was bullish in February with five counters registering price gains, sending the overall market measure…
Read More » -
Business News
Banks’ profitability, assets rise, says RBM
The Reserve Bank of Malawi (RBM) says profitability and assets of some commercial banks have grown amid slightly elevated levels…
Read More »