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Front Page
FDH stamping Authority at MSB
In a latest case of new owners stamping their authority at the previously wholly State-owned Malawi Savings Bank (MSB), FDH…
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Front Page
Government gives up taxes to Vale
Poor negotiating skills have cost Malawi a fortune in a concession agreement it struck with Brazilian mining company, Vale Logistics…
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Front Page
MPINGANJIRA OUTLINES MSB TAKEOVER PLAN
FDH Financial Holdings Limited, new majority shareholder in the previously wholly State-owned Malawi Savings Bank (MSB), says it will not…
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Front Page
Macra ignores Minister, AG on Lacell licence
Malawi Communications Regulatory Authority (Macra) has bypassed its parent ministry and the Attorney General (AG) in re-awarding the controversial mobile…
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Front Page
MSB POSTS K2.5BN PRE-TAX PROFIT
Wholly State-owned Malawi Savings Bank (MSB), currently undergoing a recapitalisation process that will see government diluting its shareholding, has posted…
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Editors Pick
Exposed: Government’s poor record keeping
The Institute of Internal Auditors (IIA) Malawi Chapter says the PricewaterhouseCoopers (PwC) cashbook reconstruction report has once again exposed the…
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Editors Pick
Nocma stuck with 76m litres of fuel
National Oil Company of Malawi (Nocma) is stuck with about 76 million litres of fuel to be lifted in the…
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Front Page
K65BN FUEL WAR
War for the control of Malawi’s K65 billion ($150 million) fuel market has ensued between two fuel companies—government-owned National Oil…
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Front Page
Mutharika calls for MSB indaba
Government has set the ball rolling on the Malawi Savings Bank (MSB) sale debate by organising a meeting on Monday…
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Front Page
Malawi searching for maize in TZ, Zambia
Malawi has turned to neighbouring Tanzania and Zambia to purchase 70 000 metric tonnes (MT) and 30 000MT of maize…
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Front Page
Man wets himself at bank
No one would wish to be in the shoes of William Sichinga, a Blantyre-based entrepreneur, who recently peed in…
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Front Page
FISP Reforms cut out middle-man
The move means that government will no longer be inviting tenders for the supply of fertiliser and seeds under Fisp…
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Front Page
Malawi losing K200 billion annually to illicit deals
Malawi has been named among the world’s 25 worst countries where money laundering is flourishing, with over K274 billion…
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Front Page
Government risks bankruptcy
25% of budget swallowed by public servants Experts have warned government that it risks bankruptcy if it grants civil servants…
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Editors Pick
Donors exert pressure on BWB
Blantyre Water Board (BWB) is under pressure to exhaust by October 31 this year K4.7 billion (10 million euro) project…
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Editors Pick
Tractors deal gone bad, govt only recovers K600m
Poor farmers who were meant to benefit from a farm mechanisation scheme that saw government borrow K23 billion ($50 million)…
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Editors Pick
Exclusive: Malawi Govt settles Mulli’s K5bn loan, 12 others at MSB
The recent K6 billion promissory notes government has decided to issue to Malawi Savings Bank (MSB) for the so-called toxic…
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Business News
Govt takes over MSB toxic assets
Bank’s net value likely to go up—Analyst Government has unveiled plans to issue K6 billion promissory notes to clear Malawi…
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Front Page
Chinese firm accused of exceeding number of expats
The Immigration Department has accused the Chinese-owned Segecoa Golden Peacock Hotel of breaking the country’s immigration laws by exceeding the…
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Front Page
Police question man over K2m Kondowe deposit
Fiscal police in Blantyre yesterday summoned for questioning a Pakistan businessperson in connection to the mysterious man that deposited K2…
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