Business
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Commercial banks raise base lending rate to 25%
May 8, 2024
Commercial banks raise base lending rate to 25%
Commercial banks have raised reference rate or the base lending rate by 10 basis points to 25 percent following Reserve…
Proposed EDF, Maiic merger faces review
May 8, 2024
Proposed EDF, Maiic merger faces review
The Reserve Bank of Malawi (RBM) and Treasury say they are yet to decide on an International Monetary Fund (IMF)…
NBM eyes two more regional acquisitions
May 8, 2024
NBM eyes two more regional acquisitions
National Bank of Malawi (NBM) plc says it is planning on two more acquisitions in Zambia and Mozambique in the…
ATM strategy faces us test
May 7, 2024
ATM strategy faces us test
Malawi needs to get out of the poverty trap. But it can only do so with increased investment from investors…
Gold prices fluctuate,EDF blames smuggling
May 7, 2024
Gold prices fluctuate,EDF blames smuggling
Export Development Fund (EDF), a subsidiary of the Reserve Bank of Malawi (RBM), says most of the country’s gold is…
Policy rate intact, inflation risky—RBM
May 6, 2024
Policy rate intact, inflation risky—RBM
The Reserve Bank of Malawi (RBM) has maintained the policy rate at 26 percent, but says the country’s inflation, which…
Former governor unveils 7-point recovery plan
May 6, 2024
Former governor unveils 7-point recovery plan
Former Reserve Bank of Malawi (RBM) governor Dalitso Kabambe has proposed a seven-point plan to turn around the country’s economic…
Admarc buys K1.7billion grain-dryer
May 4, 2024
Admarc buys K1.7billion grain-dryer
State-owned produce marketer Agricultural Development and Marketing Corporation (Admarc) limited is set to buy a grain-drying system from a Chinese…
Centre fears for rising sugar prices
May 3, 2024
Centre fears for rising sugar prices
The Centre for Social Concern (CfSC) says the recent 15 percent sugar price hike will have an impact on living…
National payments system in mixed fortunes—RBM
May 3, 2024
National payments system in mixed fortunes—RBM
The Reserve Bank of Malawi (RBM) says the national payments system recorded mixed fortunes in second half of 2023 with…