Business News
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‘Air link key to Malawi tourism’
The World Bank says Malawi remains an under-the-radar destination in the Southern Africa region despite tourism offering positive returns in…
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Firm to start hauling fuel to Lilongwe this month
Nacala Logistics, a concessionaire that operates the country’s railway infrastructure, has unveiled plans to start hauling fuel apart from the…
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Insurance industry loss hits K2 billion
The insurance industry posted a K2 billion combined underwriting loss in 2023, with 60 percent of the incurred losses coming…
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Forex scarcity delays Illovo Sugar energy project
Foreign exchange scarcity has delayed plans by Illovo Sugar (Malawi) plc to invest in a 40 megawatts (MW) power plant,…
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Budget deficits eat into fiscus, says UN
Unicef Malawi says consistently high budget deficits over the past five years have increased debt servicing costs ahead of allocations…
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Finance gap chokes local PPP projects
The Public Private Partnership Commission (PPPC) says the country’s efforts to industrialise key sectors through PPP projects are being undermined…
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Icon sees gloomy outlook, to restructure some projects
Listed property management firm Icon Properties plc says in view of the gloomy economic outlook, it is restructuring some of…
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New competition act excites traders
The National Working Group on Trade and Policy says it is encouraging that the Competition and Fair Trading Act has…
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RBM slashes GDP growth to 2.3%
The Reserve Bank of Malawi (RBM) has finally slashed this year’s economic growth rate projection to 2.3 percent from an…
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Nico Holdings outlines hotel project benefits
Multidisciplinary conglomerate Nico Holdings plc has outlined its growth strategy for subsidiary companies that are pinned on the multi-billion kwacha…
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