Business

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Businesses, consumers rue high interest rates

Businesses, consumers rue high interest rates

 Businesses and consumers have lamented commercial banks’ move to raise base lending rates to 22.7 percent, saying it will slow…
 Diversify export earnings —RBM

 Diversify export earnings —RBM

The Reserve Bank of Malawi (RBM) has called for the diversification of the country’s economy, particularly on exports earnings to…
RBM sees 2023 inflation at 29.5%

RBM sees 2023 inflation at 29.5%

The Reserve Bank of Malawi (RBM) has revised upwards its 2023 inflation rate projection to an average 29.5 percent for…
MSE closes higher in July,up 3.53% report shows

MSE closes higher in July,up 3.53% report shows

The 16-counter Malawi Stock Exchange (MSE) registered a positive performance in July, with 10 counters registering share price gains, sending…
UK development aid to Malawi up 207%

UK development aid to Malawi up 207%

The United Kingdom’s (UK) Official Development Assistance (ODA) to Malawi is expected to increase by 207 percent to £51 million…
Economists caution on continued borrowing

Economists caution on continued borrowing

Economists have urged government to tread carefully on its continued external borrowing, saying there is need to ensure borrowing for…
Protecting the value of money in volatile economy

Protecting the value of money in volatile economy

Saving for a rainy day is hard enough when salaries and wages have not kept abreast with the inflation rate.…
RBM says monetary policy to remain tight

RBM says monetary policy to remain tight

The Reserve Bank of Malawi (RBM) says monetary policy, a key driver of interest rates on loans, will remain tightened…
Maize prices up amid dwindling income

Maize prices up amid dwindling income

Maize prices have continued to escalate amid dwindling incomes, making lives difficult for most low wage earners. Published data from…
Forex shortage pushes up local cement prices

Forex shortage pushes up local cement prices

Consumers are being forced to pay about K19 000 per 50 kilogramme (kg) bag of cement, which is K7 000…
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