Business News
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Foreign exchange reserves upas kwacha slightly appreciates
Foreign exchange reserves have improved by $50 million (about K87 billion) in the second quarter of this year to $595.2…
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Agro GDP on the decline—report
At a time agriculture contribution to the gross domestic product (GDP) is declining, research shows that there is need to…
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Imports drop offsets exports decline—RBM
Malawi’s agricultural exports faced a setback in April 2024, dropping by $10.1 million (about K18 billion) compared to the previous…
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Private sector credit continues to drop, threatens industry
Growth in private sector credit has moderated, dropping by 60 basis points to 26.6 percent in April, down from 26.6…
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Banks to continue investing in technology infrastructure
Bankers Association of Malawi (BAM) has said banks will continue to invest in technology to ensure better service delivery. BAM…
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RBM for collaborative efforts to curb inflation
The Reserve Bank of Malawi (RBM) says it cannot single-handely control the rise in inflation, saying there is need for…
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Budget in K156bn deficit in Q1—RBM
The Ministry of Finance and Economic Affairs has opened the 2024/25 fiscal year with a K156.8 billion deficit, published Reserve…
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Smedi rues underutilisation of enterprise development centre
Small and Medium Enterprises Development Institute (Smedi) says small businesses are not utilising its enterprise development centre in Phalombe District…
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ATM strategy sparks controversy
The Malawi government has sparked debate with its recent decision to implement a new Agriculture, Tourism and Mining (ATM) strategy…
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Labour market data key to Tevet transformation
The Ministry of Labour says labour market data plays a crucial role in advancing Technical Entrepreneurial Vocational and Educational Training…
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