Business

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More people borrow from family, friends 

More people borrow from family, friends 

More people are borrowing money from family and friends than from financial institutions, according to a World Bank report. The…
Matching grant excites tourism sector players

Matching grant excites tourism sector players

Ministry of Tourism, Culture and Wildlife says it hopes to see increased and expanded operations in the tourism sector following…
AfDB dangles k30bn for private sector

AfDB dangles k30bn for private sector

T he African Development Bank (AfDB) says it is keen on extending about $30 million (about K30.1 billion) worth of…
Banks hike lending rates, now at 13.8%

Banks hike lending rates, now at 13.8%

Commercial banks have hiked their base lending rates, a development analysts have attributed to the recent 25 percent devaluation of…
Resolve single buyer squabbles—Chakwera

Resolve single buyer squabbles—Chakwera

President Lazarus Chakwera yesterday gave Minister of Energy Ibrahim Matola up to June end to provide clarity on the relationship…
Poor seed impacts output, says Agra

Poor seed impacts output, says Agra

Alliance for Green Revolution in Africa (Agra) says the poor performance of the country’s seed systems affects farmers’ productivity. This…
NBM completes TZ bank takeover

NBM completes TZ bank takeover

National Bank of Malawi (NBM) plc has completed the acquisition of a 60.48 percent stake in Akiba Commercial Bank of…
MRA downplays devaluation impact on revenue collections

MRA downplays devaluation impact on revenue collections

Public tax collector Malawi Revenue Authority (MRA) has allayed fears that the devaluation of the kwacha could exert pressure in…
Experts urge early fertiliser procurement

Experts urge early fertiliser procurement

A gricultural experts are urging the government to consider early procurement of fertiliser and other inputs before the prices get…
Ecobank rolls out free SME booster training series

Ecobank rolls out free SME booster training series

Ecobank Group has rolled out Ecobank SME Booster Series to enhance small businesses’ competitiveness through innovative business skills training. The…
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