Business
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Are we in financial crisis yet?
June 9, 2022
Are we in financial crisis yet?
Financial crisis refers to a situation where financial instruments and assets decrease significantly in value. It sometimes comes with a…
Dare to be different on cutting costs
June 9, 2022
Dare to be different on cutting costs
In a desperate bid to stabilise the economy, President Lazarus Chakwera last week unveiled some measures aimed at saving public…
Small firms catch energy crisis cold
June 9, 2022
Small firms catch energy crisis cold
Small and medium enterprises (SMEs) are slowing down and abandoning production following persistent electricity challenges which have increased the cost…
More people borrow from family, friends
June 9, 2022
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
June 8, 2022
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
June 8, 2022
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%
June 7, 2022
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
June 7, 2022
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
June 6, 2022
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
June 6, 2022
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…