Business

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FMBCH profit up 47% to K266bn, touts regional strategy

FMBCH profit up 47% to K266bn, touts regional strategy

FMB Capital Holdings plc (FMBCH) has reported a 47 percent increase in profit after-tax to $152 million (about K266 billion),…
Digital stamps boost excise tax collection

Digital stamps boost excise tax collection

The Malawi Revenue Authority (MRA) says digital tax stamps system, also known as Kalondola, has improved excise tax compliance and…
Study calls for urgent action to counter Middle East crisis

Study calls for urgent action to counter Middle East crisis

A  new study has called on the Malawi Government to implement urgent policy interventions to shield the economy from fuel…
AfDB injects K44 billion for power infrastructure rehab

AfDB injects K44 billion for power infrastructure rehab

The African Development Bank (AfDB) has granted the Malawi Government $23 million (about K44 billion) to rehabilitate key infrastructure at…
MCCCI flags trade risks, urges shift

MCCCI flags trade risks, urges shift

The Malawi Confederation of Chambers of Commerce and Industry (MCCCI) has urged local firms to pivot towards regional markets, warning…
Govt dares businesses on decent jobs, human rights

Govt dares businesses on decent jobs, human rights

Minister of Justice and Constitutional Affairs Charles Mhango says the formulation of Malawi guidelines on business and human rights will…
Fuel surge sparks household panic

Fuel surge sparks household panic

Malawian households are facing shrinking incomes and declining spending as rising global fuel prices triggered by conflict in the Middle…
Banks trim cost of borrowing to 20.8%

Banks trim cost of borrowing to 20.8%

Commercial banks in the country have reduced their lending rates to 20.80 percent from 22.40 percent, the fourth consecutive time…
Govt sticks to levies amid fuel price hike backlash

Govt sticks to levies amid fuel price hike backlash

Malawi Government has stuck to fuel levies in the fuel price build-up amid increasing calls from opposition parties, civil society…
Forex reserves in slight jump—RBM

Forex reserves in slight jump—RBM

Malawi’s foreign exchange reserves have risen to $608.9 million (about K1.1 trillion), equivalent to 2.4 months of import cover at…
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