Business

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Mulli gets offer to set up tea factory in Nigeria

Mulli gets offer to set up tea factory in Nigeria

Business magnate Leston Mulli through his MBL Holdings Limited has been invited to set up a tea processing and blending…
Devaluation to stir price spiral

Devaluation to stir price spiral

The 44 percent devaluation of the kwacha and subsequent increases in prices of fuel, electricity and other basic items could…
Devaluation is here, tighten your belts

Devaluation is here, tighten your belts

Dust is yet to settle on the 44 percent devaluation of the kwacha the Reserve Bank of Malawi (RBM) implemented…
Kwacha devaluation hits savings groups

Kwacha devaluation hits savings groups

Village savings and loans (VSLs) group members say the 44 percent devaluation of the kwacha will hit them hard because…
Official, parallel market rate widens, Fimda blames pegging

Official, parallel market rate widens, Fimda blames pegging

 Barely days after the Reserve Bank of Malawi (RBM) devalued the kwacha by 44 percent to address currency misalignment, the…
Bakhresa invests k170bn In cooking oil refinery

Bakhresa invests k170bn In cooking oil refinery

Bakhresa Malawi Limited says it has invested $100 million (about K170 billion) in the green field cooking oil refinery plant…
Nico Holdings CEO woos investors at fair

Nico Holdings CEO woos investors at fair

Nico Holdings plc managing director Vizenge Kumwenda says the door is open for investors to join its flagship construction projects,…
Water boards seek 44% tariff increase

Water boards seek 44% tariff increase

The country’s five water boards under Water Services Association of Malawi (Wasama) say they will meet government officials this week…
FDH Bank, Afreximbank sign K17bn trade deal

FDH Bank, Afreximbank sign K17bn trade deal

African Import and Export Bank (Afreximbank) and FDH Bank plc have signed a $10 million (about K17 billion) Africa Trade…
EU, UNDP upbeat on Agribiz Hub job creation prospects

EU, UNDP upbeat on Agribiz Hub job creation prospects

The European Union (EU) and United Nations Development Programme (UNDP) have expressed confidence in the potential of the 20 million…
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