Business
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Malawi facing capacity gaps despite strides
November 28, 2023
Malawi facing capacity gaps despite strides
The African Development Bank (AfDB) says Malawi still faces significant capacity gaps in macroeconomic modelling, despite the huge strides made…
New system rakes in K40.9bn tax revenue
November 27, 2023
New system rakes in K40.9bn tax revenue
The Malawi Revenue Authority (MRA) says the Block Management System (BMS) has helped the tax agency.to widen the tax base,…
Devaluation pushes up Insurance premiums
November 27, 2023
Devaluation pushes up Insurance premiums
Insurance premiums are set to rise following the 44 percent devaluation of the local unit to allow firms realise adequate…
Fiscal deficit down 13%in Mid-Year Budget
November 25, 2023
Fiscal deficit down 13%in Mid-Year Budget
Minister of Finance and Economic Affairs Simplex Chithyola-Banda’s maiden financial plan will see the fiscal deficit as a percentage of…
NPC urges government to float the kwacha
November 24, 2023
NPC urges government to float the kwacha
National Planning Commission director general Thomas Munthali has urged the Malawi government to float the kwacha against major international currencies…
Local banks capitalisation hits K5.9tn—IMF
November 24, 2023
Local banks capitalisation hits K5.9tn—IMF
The banking sector’s total market capitalisation has doubled to K5.9 trillion as at end June 2023, exceeding banking sector total…
Forex market liquidity tight
November 24, 2023
Forex market liquidity tight
Foreign exchange market liquidity remains tight with demand outpacing supply, thereby putting pressures on the local currency, Business News has…
Govt urged to focuson structural problems
November 23, 2023
Govt urged to focuson structural problems
Economic analysts have urged the government to focus on the “structural problems” that led to the devaluation of the kwacha…
Devaluation is here, tighten your belts
November 23, 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…
SMEs urge Treasury to formalise incentives
November 23, 2023
SMEs urge Treasury to formalise incentives
Chamber for Small and Medium Enterprises Association (Smea) has urged Treasury to come up with incentives to stimulate growth of…