Business News
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Banks in K265bn profit in 2023
The country’s commercial banks posted a cumulative profit of K265 billion in 2023 and showed resilience to economic shocks by…
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Failed digital transactions at less than 1%, says RBM
The Reserve Bank of Malawi (RBM) says failed transactions on digital payment platforms represent one percent of total transactions, observing…
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Centenary Bank partners Habitat for Humanity to build houses for cyclone survivors
Centenary Bank Limited has partnered Habitat for Humanity in Malawi to build houses for Cyclone Freddy survivors in Mulanje District.…
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MSE tobacco earnings hit $377.6 million
This year’s Tobacco selling season has come to the final phase with Mzuzu Market expected to close on August 2…
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All mining companies to list on MSE
Ministry of Mining has said it agreed with all mining companies to list on the Malawi Stock Exchange to increase…
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MRA collects K656bn, misses target by 12%
Malawi Revenue Authority (MRA) has missed its tax revenue collection target for this fiscal year’s first quarter (Q1) by K92…
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World Bank notices public finance gaps
The World Bank says Malawi’s economic and public finance management remains poor as evidenced by failure of economic policies to…
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NBS Bank sees risks, posts K29.4bn profit
Malawi StockExchange-listed NBS Bank plc says inflation is likely to remain high due to high food prices and marginal depreciation…
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Mwanza Border monthly revenue to grow by 8%—MRA
The Malawi Revenue Authority (MRA) says it expects its customs monthly revenue at Mwanza Border to go up by eight…
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Developing bankable projects through EDF
In today’s rapidly evolving global economy, countries are constantly seeking ways to enhance their competitiveness and stimulate economic growth. One…
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