Business

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Economists point out budget gaps

Economists point out budget gaps

Economics Association of Malawi (Ecama) says the 2023/24 National Budget framework has failed to prioritise development as focus seems tilted…
Freddy knocks down economy

Freddy knocks down economy

Reserve Bank of Malawi (RBM) has painted a gloomy picture on the economic prospects for the country due to the…
Local firms decry lack of support

Local firms decry lack of support

Some local firms have decried lack of support from the domestic market, which commentators say puts import substitution in jeopardy.…
FDH Bank’s profit after-tax up 97% to K23bn

FDH Bank’s profit after-tax up 97% to K23bn

FDH Bank plc has reported a 97 percent rise in after-tax profit for the year ended December 31 2022 pushed…
Committee snubs Escom on tariffs

Committee snubs Escom on tariffs

The Parliamentary Committee on Natural Resources and Climate Change says it cannot advocate for an electricity tariff hike when Malawians…
Digital services uptake worries ICT sector players

Digital services uptake worries ICT sector players

The penetration of Internet and other digital services is growing at a snail’s pace, a development ICT Association of Malawi…
February inflation rate rises to 26.7%—NSO

February inflation rate rises to 26.7%—NSO

Malawi’s year-on-year headline inflation rate continues to rise, hitting 26.7 percent in February 2023, figures from the National Statistical Office…
Escom to connect 50 000 customers

Escom to connect 50 000 customers

Electricity Supply Corporation of Malawi (Escom) says it intends to connect 50 000 customers in the next four months through…
Maize prices up 24%

Maize prices up 24%

Retail maize prices increased by 24 percent in February, averaging K633 per kilogramme (kg), published data from the International Food…
Private sector credit demand rises, hits k1trn

Private sector credit demand rises, hits k1trn

The Reserve Bank of Malawi (RBM) says annual growth in private sector credit accelerated to 24.1 percent as at end…
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