Business

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Egenco needs k18bn To restore power

Egenco needs k18bn To restore power

 Electricity Generation Company (Egenco) says it needs about K18 billion to restore and repair the damage at Kapichira Hydro Power…
Malawi’s trade balance widens in Q4—report

Malawi’s trade balance widens in Q4—report

Malawi’s trade balance widened by $126 million (about K103.6 billion) in the fourth quarter (Q4) of 2021 as exports outweighed…
Global oil prices rise mounts pressure on local prices

Global oil prices rise mounts pressure on local prices

Global oil prices continue rising, putting pressure on local pump prices, which the Malawi Energy and Regulatory Authority (Mera) already…
Mixed fortunes for kwacha

Mixed fortunes for kwacha

The Malawi kwacha depicted mixed performance against currencies of its major trading partners in November 2021, depreciating by 0.2 percent…
Pressure mounts on maize prices

Pressure mounts on maize prices

Amid the poor performance of rains and concerns of a below-average harvest in March-April, traders will likely be hoarding maize…
Minister commits to end Escom, PML roles row

Minister commits to end Escom, PML roles row

Newly appointed Minister of Energy Ibrahim Matola has plegged to end the power procurement wrangle between Electricity Supply Corporation of…
Next budget should factor in realities

Next budget should factor in realities

From February 4 2022, members of Parliament (MPs) will reconvene in Lilongwe for the Budget Meeting which will give them…
Industry players cautious on local tourism recovery

Industry players cautious on local tourism recovery

Malawi Tourism Council (MTC) says the country’s Covid-19 high-risk ranking will further affect the speedy recovery of the tourism sector.…
Nacala Corridor project handholds SMES

Nacala Corridor project handholds SMES

For a long time, small and medium enterprises (SMEs) have lamented lack of capacity to participate and compete in the…
Treasury in K275bn deficit in 5 months

Treasury in K275bn deficit in 5 months

Treasury continues to record deficits in its budgetary  operations as expenditures are more than revenues being generated, figures from the…
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