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Business News
Regional integration critical amid Covid-19—ministry
Ministry of Industry and Trade says the Covid-19 pandemic has strengthened the case and need for regional economic integration and…
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Business News
FDI to fall 40% In 2020—report
Malawi is expected to register a 40 percent drop in Foreign Direct Investment (FDI) this year largely due to the…
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Business News
Remittances drop 33% in 5 months
Malawi has recorded a 33 percent drop in remittances from its citizens working or living abroad to $78.96 million (about…
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Business News
Commercial banks continue to face liquidity squeeze
Commercial banks’ liquidity position decreased by 75 percent to K6.44 billion in May from K24.04 billion in March, a signal…
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Business News
Two firms shortlisted for 350MW power project
Public Private Partnership Commission (PPPC) has shortlisted two international energy firms as strategic sponsors for the 350 megawatts (MW) Mpatamanga…
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Business News
Likoma, Chizumulu hybrid plant spurs tourism hopes
Tourism in Likoma and Chizumulu islands is expected to get a boost when construction works of the Likoma and Chizumulu…
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Business News
Innovation fund dangles K2.9bn for Covid-19 response
Malawi Innovation Challenge Fund (Micf), a competitive grant mechanism for businesses to finance innovative projects, has moved in to support…
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Business News
Q1 trade balance narrows—RBM
Malawi’s trade balance—the difference between the value of imports and its exports—improved in the first quarter as global trade has…
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Business News
Sunbird forecasts 150% loss in H1
Malawi Stock Exchange (MSE)-listed Sunbird Tourism plc expects to post a 150 percent loss in the half-year ended June 30…
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Business News
Banks compete for tobacco forex
Commercial banks in the country are competing to buy foreign exchange (forex) earnings from tobacco, a development Financial Markets Dealers…
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Business News
PCL laments Covid-19 impacts
Conglomerate Press Corporation Limited (PCL) Plc has said its business remains at low ebb now and going forward as it…
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Business News
Protect cross-border traders, says UN
Given that informal cross-border traders are vulnerable to Covid-19, economic policy interventions effected in view of the pandemic should avoid…
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Business News
Uncertainty grips fertiliser market
A slowdown of fertiliser production and supply uncertainties due to global measures effected to contain the novel coronavirus (Covid-19) could…
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Business News
IMF, World Bank urge banking sector support
The International Monetary Fund (IMF) and World Bank have urged central banks in developing countries, including Malawi, to ensure that…
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Business News
Covid-19 dampens Sadc economy
The novel coronavirus (Covid-19) pandemic has dampened the Southern Africa Development Community (Sadc) economies, resulting in an uncertain business landscape…
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Business News
Illovo Sugar Malawi earnings down 75%
Illovo Sugar (Malawi) plc reported a 75 percent decline in its earnings to K2 billion in the six months ended…
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Business News
Digital financial Services use up
Use of digital financial services (DFS) went up in the first quarter (Q1) of 2020 as reflected in the improvement…
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Business News
Covid-19 affects private sector credit
The Reserve Bank of Malawi (RBM) says the general slowdown in economic activity in the country amid the Covid-19 pandemic…
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Business News
Businesses advance digital technologies
The sudden disruption of economic activity the Covid-19 pandemic has brought has made companies to rethink and advance their business…
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Business News
Pressure mounts On kwacha
Investment and advisory firm Nico Asset Mangers says the stability of the local unit remains uncertain due to impending unprecedented…
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