Business
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A glimpse at the new Pension Act
March 9, 2023
A glimpse at the new Pension Act
On March 1 2023, the new Pension Act came into force replacing the old Pension Act, which was passed just…
Debt relief should mark turning point to prosperity
March 9, 2023
Debt relief should mark turning point to prosperity
To Malawi and 35 other countries, the most refreshing news and perfect New Year gift should be the indication from…
Budget offers no hope for the poor
March 9, 2023
Budget offers no hope for the poor
For over two years, sugarcane seller Gift Mika is yet to see any change for the better. At the start…
Polymed Sacco posts K133 million surplus
March 9, 2023
Polymed Sacco posts K133 million surplus
Polymed Savings and Credit Cooperative (Sacco) has more than doubled its surplus to K133 million in the year ended December…
Bad loans haunt microfinance sector, impacts credit supply
March 9, 2023
Bad loans haunt microfinance sector, impacts credit supply
The Reserve Bank of Malawi (RBM) says high levels of non-performing loans fuelled by high inflation and interest rates are…
Debt charges choke budget operations
March 9, 2023
Debt charges choke budget operations
The Malawi Government continues to pay more to service its public debt, living little room for Treasury to deal with…
Reunion Insurance sponsors K3m for MCCCI business summit
March 8, 2023
Reunion Insurance sponsors K3m for MCCCI business summit
Reunion Insurance Company Limited has given K3 million to the Malawi Confederation of Chambers of Commerce and Industry (MCCCI) for…
Off-budget support on downward trend
March 8, 2023
Off-budget support on downward trend
Treasury figures show that off-budget support in the 2023/24 fiscal year is projected to decline to about K40.4 billion from…
Chakwera, ITU chief discuss costly digital divide
March 8, 2023
Chakwera, ITU chief discuss costly digital divide
President Lazarus Chakwera on Monday met International Telecommunications Union (ITU) secretary general Doreen Bodgan-Martin to discuss Malawi’s strides towards universal…
Forex shortages hit export trade—report
March 7, 2023
Forex shortages hit export trade—report
Foreign exchange challenges the country is experiencing helped to narrow the trade balance by 68 percent from $2.07 billion (about…