Business

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Malawi dared on mining potential

Malawi dared on mining potential

The African Mineral Strategy Group has urged Malawi to play a leading role in financing exploration of mineral resources in…
NBM Development Bank posts K893m profit

NBM Development Bank posts K893m profit

NBM Development Bank Ltd has registered a profit-after-tax of K893 million in 2023 on account of a growing loan book…
Sugar prices go up, CFTC to open probe

Sugar prices go up, CFTC to open probe

Consumers are now paying 15 percent more for a one kilogramme (kg) packet of sugar following decisions by Illovo Sugar…
Airtel loses K56bn to kwacha decline

Airtel loses K56bn to kwacha decline

Malawi Stock Exchange-listed Airtel Malawi plc, says it has lost K56 billion following a 66 percent kwacha fall experienced in…
Debt progress worries IMF

Debt progress worries IMF

The International Monetary Fund (IMF) says it is concerned that the country’s debt situation has so far remained unaddressed. Speaking…
Malawi set to double groundnut production

Malawi set to double groundnut production

Stakeholders in the groundnut value chain have laid out an ambitious plan to raise groundnutproduction levels in the country from…
Kwacha among worst performers

Kwacha among worst performers

The World Bank has rated the kwacha among the four worst four performing currencies in the region in 2023, alongside…
EIU forecasts annual inflation at 33.9%

EIU forecasts annual inflation at 33.9%

The Economist Intelligence Unit (EIU) has projected Malawi’s 2024 annual inflation to rise 5.1 percentage points from 28.8 percent in…
 Clean energy firms rue taxes

 Clean energy firms rue taxes

Some private sector players in the clean energy space have urged government to make the taxation system more receptive for…
Pension industry tipped to invest in real estate

Pension industry tipped to invest in real estate

Following the revelation that pension funds face value-erosion in the mid of high inflation rates and continued depreciation of the…
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