Business
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Personal loans on upward spiral
January 21, 2023
Personal loans on upward spiral
Community, social and personal loans are fast rising, accounting for the largest stock of outstanding private sector credit at 34.3…
Unima needs K28bn to address accommodation woes
January 20, 2023
Unima needs K28bn to address accommodation woes
University of Malawi (Unima) has conceded facing multiple crises of students’ accommodation, teaching space and staff shortages as students’ hostels…
Bankers justify raise in banking charges
January 20, 2023
Bankers justify raise in banking charges
Bankers Association of Malawi (BAM), a grouping of the country’s eight commercial banks, has justified the raise in banking tariffs,…
Flagship projects funding falls short
January 20, 2023
Flagship projects funding falls short
Ministry of Finance and Economic Affairs has raised K22.48 billion in local currency infrastructure development bond, which is 55 percent…
Forex reserves continue to shrink, data shows
January 19, 2023
Forex reserves continue to shrink, data shows
The country’s foreign exchange reserves continue to shrink, with latest figures from the Reserve Bank of Malawi (RBM) showing a…
Consumer complaints rise by 30% in 2022
January 19, 2023
Consumer complaints rise by 30% in 2022
The retail sector trading in consumables, electronics and accessories topped the list of consumer complaints lodged to the Competition and…
Clean energy can cut demand for fuel wood by 40%—firm
January 18, 2023
Clean energy can cut demand for fuel wood by 40%—firm
A local bio technology firm Pioneer Bio Digesters Malawi says the country can cut demand for firewood and charcoal by…
Home financing under spotlight
January 18, 2023
Home financing under spotlight
The number of mortgages offered by five of the country’s commercial banks dropped last year amid escalating bad loans and…
FDH Bank partners Joyce Banda Foundation to ease access to finance
January 17, 2023
FDH Bank partners Joyce Banda Foundation to ease access to finance
FDH Bank plc and Women in Marketing Activities and Initiatives (Mwai) have signed a five-year strategic partnership that will provide…
Bridgepath spells out growth risks
January 17, 2023
Bridgepath spells out growth risks
Macroeconomic imbalances, inadequate power and weather-related shocks pose threats to the country’s economic growth, local investment firm Bridgepath Capital Limited…