Business
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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…
RBM moves to ‘float’ Kwacha
November 13, 2023
RBM moves to ‘float’ Kwacha
The Reserve Bank of Malawi (RBM) has announced new operational changes to the foreign exchange market, a move economic experts…
Malawi to market bankables at IATF
November 11, 2023
Malawi to market bankables at IATF
Ministry of Trade has said Malawi’s main objective at this year’s Intra African Trade Fair which kicked off on November…