Business

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 Insurance industry loss hits K2 billion

 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…
Forex scarcity delays Illovo Sugar energy project

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,…
Budget deficits eat into fiscus, says UN

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…
 Finance gap chokes local PPP projects

 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…
Icon sees gloomy outlook, to restructure some projects

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…
New competition act excites traders

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…
RBM slashes GDP growth to 2.3%

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…
Nico Holdings outlines hotel project benefits

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…
Banking innovations shouldn’t ignore security

Banking innovations shouldn’t ignore security

In a bid to ease congestion in banking halls, the country’s commercial banks have, over the years, introduced several innovations,…
Rare earth mine set to roll out

Rare earth mine set to roll out

Investors in Kangankunde Rare Earth Mine in Balaka, Lindian Resources Limited, have announced plans to start constructing the mine this…
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