Business

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Take care on public finance management

Take care on public finance management

 Public finance management (PFM) is one of the catchphrases that dominate conversations on the economy and government funds in general.…
Limestone, aggregate, coal output up 99%—chamber

Limestone, aggregate, coal output up 99%—chamber

Aggregate, limestone and coal have continued to dominate the country’s mineral production, accounting for 99 percent of total output in…
Govt mining firm in 79% funding deficit

Govt mining firm in 79% funding deficit

The National Mining Investment and Development Corporation faces a 79 percent funding deficit following Treasury’s decision to allocate just K2.5…
 Excise tax stamp ill-timed—firms

 Excise tax stamp ill-timed—firms

 Businesses have said they will have no choice but to pass on the cost of excise tax stamps to consumers,…
Tourism investments on decline—report

Tourism investments on decline—report

 Capital investment by industries directly involved in travel and tourism has been on the decline despite efforts to incentivise developments…
Malawi’s trade in COMESA falls

Malawi’s trade in COMESA falls

Malawi’s trade with the 21-member Common Market for Eastern and Southern Africa (Comesa) is falling, a situation attributed to lack…
Banks in K265bn profit in 2023

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…
Failed digital transactions at less than 1%, says RBM

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…
Centenary Bank partners Habitat for Humanity to build houses for cyclone survivors

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.…
MSE tobacco earnings hit $377.6 million

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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