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Business News
Egenco challenged to stabilise electricity supply
Cabinet Committee on Energy has challenged Electricity Generation Company of Malawi (Egenco) to step up its ongoing and budding energy…
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Business News
Coal power plant critical for electricity tariffs—Mera
Malawi Energy Regulatory Authority (Mera) has advised Electricity Generation Company Malawi Limited (Egenco) to speed up the building Kamwamba Coal…
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Business
Savings key to better retirement life—Muscco
Malawi Union of Savings and Credit Cooperatives (Muscco), an umbrella body for the savings and credit cooperatives (Saccos), has urged…
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Business News
IMF urges strong public investment management
International Monetary Fund (IMF) has advised fiscal authorities to strengthen public investment management through rigorous prioritisation of projects and improved…
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Business News
Improved sugar exports boon for revenue—MRA
Malawi Revenue Authority (MRA) says the improved sugar exports recorded by the country’s major sugar manufacturer Illovo Sugar Malawi is…
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Business News
Egenco resumes normal power generation
Electricity Generation Company of Malawi (Egenco) says it has resumed normal power generation at Nkula and Kapichira hydropower stations, assuring…
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Business News
UTM takes stand on interest rate capping
UTM Party has joined the interest rate capping debate, urging Parliament not to pass the proposed Financial Services (Amendment) Bill…
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Business News
Standard Bank plc annual profit slumps 13%
Standard Bank plc has reported a 13 percent drop in after-tax profit for the year ended December 31 2018. Co-signed…
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Business News
Broker dismisses fuel scarcity fears
International Haulage Brokers (IHB), a local body which coordinates fuel transportation in the country, has given an assurance of continued…
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Business News
Huge maize output to lower inflation
The projected increase in maize output this year will be key in reducing inflation rate given the significance of maize…
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National News
NBS Bank to lay off staff, restructuring
Barely a week after National Bank of Malawi plc asked interested employees to proceed on voluntary retrenchment, another listed commercial…
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National News
National Bank set to lay off staff
National Bank of Malawi plc, the country’s biggest commercial bank by assets and profitability, is set to lay off an…
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Business News
Illegal sugar imports threaten economy—Illovo
Illovo Sugar (Malawi) plc has decried the influx of smuggled imported sugar, saying it threatens the economy and consumers’ lives.…
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Business News
Treasury upbeat as IMF team returns
Fiscal authorities say they are hopeful monetary and fiscal targets and structural reforms are in line with International Monetary Fund…
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Business News
6% interest rate cap for MFIs a boon—analysts
The move by microfinance institutions (MFIs) to peg their monthly interest rates at six percent as per the directive from…
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Business News
LRR cut boosts money supply
The cut in Liquidity Reserve Requirement (LRR) from 7.5 percent to 3.75 percent on foreign currency deposits and five percent…
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Business News
Microfinance bad loans drop ease pressure on MFIs
Reduction in non-performing loans (NPLs), loans in which the borrower is not repaying the interest, for microfinance sector has eased…
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Business News
Icon share price in slight drop
Newly-listed Icon Properties plc share price tumbled last week to K11.95, a move a market analyst has linked to a…
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Business News
Malawi banks strong amid bad loans
The country’s banking sector continues to remain strong in profit, capital and liquidity terms despite registering high Non-Performing Loans (NPLs),…
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Business News
RBM to roll out new cross-border forex system
The Reserve Bank of Malawi (RBM) will from March 1 replace the Foreign Exchange Statistical Database System (Fesds) with a…
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