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Fund says 42% of youths benefit from K43.8bn loans

Fund says 42% of youths benefit from K43.8bn loans

National Economic Empowerment Fund (Neef) says 42 percent of the youth have benefited from the K43.8 billion soft loans disbursed…
Commercial banks recall £20, £50 notes

Commercial banks recall £20, £50 notes

Local commercial banks have advised Malawians in possession of £20 and £50 banknotes to deposit them with their respective banks…
Lindian Resources to invest K203bn in rare earth mining

Lindian Resources to invest K203bn in rare earth mining

Lindian Resource Limited chief executive officer Alistair Stephens says the firm will invest over $200 million (about K203 billion) in…
Monetary policy under spotlight

Monetary policy under spotlight

Economic analysts say the lagged effects of the Covid-19 pandemic on the economy, depreciating exchange rate and inflationary pressures call…
Pension defaulting employers under fresh criticism

Pension defaulting employers under fresh criticism

NBM Pension Fund, a subsidiary of National Bank of Malawi plc, has condemned institutions not remitting pension, saying they are…
Informal maize export up amid rising prices

Informal maize export up amid rising prices

Informal maize exports increased by 38 percent in August compared to the previous month and 281 percent higher than the…
 US commits $25 million for Golomoti solar project

 US commits $25 million for Golomoti solar project

The United States (US) through the International Development Corporation (DFC) has committed a $25 million loan (about K25.6 billion) to…
Proposed electricity tariff under review—Mera

Proposed electricity tariff under review—Mera

Malawi Energy Regulatory Authority (Mera) says the proposed 99 percent electricity tariff hike to be spread over a four-year period,…
Comesa rues substandard solar equipment on market 

Comesa rues substandard solar equipment on market 

The Common Market for Eastern and Central Africa (Comesa) has decried the availability of substandard solar equipment in the 21-member…
Malawi gets k126bn exports deal—MITC

Malawi gets k126bn exports deal—MITC

M alawi Investment and Trade Centre (Mitc) says the country received $122 million (about K126.64 billion) through export deals to…
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