Business

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Mixed fortunes for businesses in 2023

Mixed fortunes for businesses in 2023

The year 2023 has seen the profitability of businesses being eroded, with some forced to close shop as operational costs…
UN faults gaps in poverty fight

UN faults gaps in poverty fight

The United Nations Commission for Trade and Development (Unctad) says policy incoherence is one of the critical issues affecting the…
Tobacco farmers smiled all the way to the bank

Tobacco farmers smiled all the way to the bank

The tobacco industry had its fair share of gains this year as the country’s number one foreign exchange earner’s revenue…
Ministry awaits communication on soya beans import ban

Ministry awaits communication on soya beans import ban

The Ministry of Trade and Industry says it has not received official communication from the Tanzanian Government on the presence …
More questions on sugar firm

More questions on sugar firm

Barely weeks after a forensic audit revealed massive fraud at Salima Sugar Company Limited, Ministry of Finance and Economic Affairs…
Redirect wage resources—bank

Redirect wage resources—bank

The World Bank has advised the Malawi Government to redirect its resources from the public wage bill to “more productive”…
Firms seek long-term measures to forex crisis

Firms seek long-term measures to forex crisis

Malawi Confederation of Chambers of Commerce and Industry (MCCCI) has called for long-term solutions to foreign exchange challenges, saying that…
Consumers cautioned on festive season spending

Consumers cautioned on festive season spending

Consumers Association of Malawi (Cama) has urged consumers to spend prudently and refrain from activities that will deplete their incomes…
Inflation rate averages  28.2% in 11 months—NSO

Inflation rate averages  28.2% in 11 months—NSO

Malawi’s year-on-year headline inflation rate for 11 months to November 2023 has averaged 28.2 percent, Business News calculations based on…
Construction industry players call for ‘radical’ approach

Construction industry players call for ‘radical’ approach

Players in the construction industry have called for a radical change to give enough space to local contractors and utilise…
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