Business

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Treasury records k345bn budget deficit in 4 months

Treasury records k345bn budget deficit in 4 months

The Economics Association of Malawi (Ecama) has urged Treasury to control budget deficit as figures show that the fiscal plan…
Tame inflation pressure—IMF

Tame inflation pressure—IMF

International Monetary Fund (IMF) has asked authorities to ensure that the monetary policy framework centres on containing direct and second-round…
Credit to private sector picks up

Credit to private sector picks up

Credit to the private sector is on the rise with latest figures from the Reserve Bank of Malawi (RBM) showing…
Power outages hit hard dairy farmers

Power outages hit hard dairy farmers

Prolonged power outages continue to negatively impact milk producers, with Mangunda Milk Bulking Group in Thyolo District indicating that it…
Forex deficit haunts firms

Forex deficit haunts firms

Foreign exchange shortages in Authorised Dealer Banks (ADBs) have forced commercial banks to continue rationing the hard cash, a situation…
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…
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