Business
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Mulli gets offer to set up tea factory in Nigeria
November 16, 2023
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
November 16, 2023
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
November 16, 2023
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
November 16, 2023
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
November 15, 2023
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
November 15, 2023
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
November 14, 2023
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
November 14, 2023
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
November 13, 2023
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
November 13, 2023
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…