Business

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Cooking oil for relief

Cooking oil for relief

Ministry of Industry and Trade has started issuing import licenses for cooking oil as a response to reduction in the…
Weak tobacco exports worsen trade balance

Weak tobacco exports worsen trade balance

The merchandise trade balance—the difference between exports and imports—has widened to minus $204.6 million (K168.9 billion) in March 2022, Reserve…
Tobacco loans under threat

Tobacco loans under threat

There are fears that some tobacco farmers may default on their loans owing to the poor performance of the cash…
Nyasa Mobile Limited partners Vodafone

Nyasa Mobile Limited partners Vodafone

Nyasa Mobile Limited (NML) has partnered Vodafone Group plc in a deal expected to create over 1 400 jobs in…
World Bank sees remittances rising

World Bank sees remittances rising

The World Bank says remittances to sub-Saharan African countries is projected to rise by 7.1 percent driven by higher food…
Malawi reviews inflation formula

Malawi reviews inflation formula

The National Statistical Office (NSO) has revised the country’s Consumer Price Index (CPI) basket used in computing inflation as food…
Illovo half-year profits hit K9.2bn

Illovo half-year profits hit K9.2bn

Illovo Sugar (Malawi) plc  has posted  a  K9.2  billion profit in the half-year period ended February 28,  up from the…
TC excited with tobacco prices

TC excited with tobacco prices

Tobacco Commission (TC) chief executive officer Joseph Chidanti Malunga says this year’s tobacco prices are better despite the drop in…
Poor budget transition caused debt—treasury

Poor budget transition caused debt—treasury

The Ministry of Finance has attributed the country’s rising public debt to lack of scaling down on expenditures when development…
Effective management of donor funds key—Kuwali

Effective management of donor funds key—Kuwali

ActionAid Malawi executive director Pamela Kuwali has urged organisations to ensure effective management of donor funds to sustain their operations…
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