Business

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Bad loans decline­­—report

Bad loans decline­­—report

Commercial banks have reduced bad loans despite the tough economic environment marked by high inflation and rising interest rates, data…
Tourism sector rebounds,set to hit K1tn revenue

Tourism sector rebounds,set to hit K1tn revenue

Malawi’s tourism sector has registered strong recovery from the Covid-19 pandemic with its contribution to the economy now exceeding pre-pandemic…
World Bank calls for structuredK16tn domestic debt reprofiling

World Bank calls for structuredK16tn domestic debt reprofiling

The World Bank has urged Malawi to urgently restructure its K16 trillion domestic debt given that debt servicing continues to…
Budget seeks to guard social spending—CfSC

Budget seeks to guard social spending—CfSC

Centre for Social Concern (CfSC) has cautioned that while the proposed K11 trillion 2026/27 National Budget signals strong intent to…
Trade barriers cost Malawi K411 billion—Report

Trade barriers cost Malawi K411 billion—Report

Trade barriers are limiting Malawi’s export potential and contributing to potential revenue losses of about $235.1 million, or roughly K411.8…
Majority left out of social insurance

Majority left out of social insurance

Majority of Malawians have no access to social security benefits despite strides Malawi has registered to expand social protection, a…
Lotus to save K25bn through grid connection

Lotus to save K25bn through grid connection

Lotus Resources Limited, owners of Kayelekera Uranium Mine in Karonga says it will save $14 million (K24.5 billion) annually from…
Sovereign Metals finds graphite off-taker in US

Sovereign Metals finds graphite off-taker in US

Sovereign Metals Limited, owners of Kasiya Rutile and Graphite Project in Lilongwe, has signed a non-binding off-take agreement with a…
Govt promises fiscal reforms

Govt promises fiscal reforms

Malawi’s reform agenda has entered a decisive phase with the government pledging fiscal consolidation and export revival amid private sector…
Illovo Malawi pledges continued innovation

Illovo Malawi pledges continued innovation

Illovo Sugar (Malawi) plc has pledged innovation, cost control and diversification as it celebrates 60 years of doing business in…
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