Business
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Kwacha fall hits pensioners hard
November 21, 2023
Kwacha fall hits pensioners hard
The 44 percent kwacha devaluation will leave pensioners in limbo and Old Mutual Pension Services has said the returns will…
IMF calls for market clearing forex rate
November 20, 2023
IMF calls for market clearing forex rate
The International Monetary Fund (IMF) says it will be critical for Malawi to facilitate a market-clearing exchange rate on an…
October inflation rate eases to 26.9%
November 20, 2023
October inflation rate eases to 26.9%
Malawi’s year-on-year headline inflation rate for October 2023 has eased by 0.9 percentage points to 26.9 percent on account of…
Rising cost of living a growing concern
November 18, 2023
Rising cost of living a growing concern
The Centre for Social Concern (CfSC) says rising cost of living in Malawi has become a growing concern, impacting citizens…
IMF urges govt to restructure debt
November 18, 2023
IMF urges govt to restructure debt
The International Monetar y Fund (IMF) has urged the government to prioritise debt restructuring, a shift to private-led sector growth…
Alliance commits K5.1tn to boost agriculture
November 18, 2023
Alliance commits K5.1tn to boost agriculture
Private sector-focused Alliance for Special Agro-Industrial Processing Zones (Sapz) has announced $3 billion (about K5.1 trillion) in new investment to…
IMF sees 2023 average inflation rate at 30.3%
November 17, 2023
IMF sees 2023 average inflation rate at 30.3%
The International Monetary Fund (IMF) has revised Malawi’s average inflation rate for 2023 to 30.3 percent from an earlier projection…
Local economists back IMF conditions
November 16, 2023
Local economists back IMF conditions
Economists say International Monetary Fund (IMF) conditions attached to its loans cannot be blamed for the country’s economic woes, but…
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…