Business
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New investors eye Alliance Holdings
August 16, 2021
New investors eye Alliance Holdings
Alliance Holdings Limited has announced plans to offload its stake, including its subsidiary Alliance Capital Limited, to a South Africa…
Escom says new house to cost not less than K15bn
August 16, 2021
Escom says new house to cost not less than K15bn
Electricity Supply Corporation of Malawi (Escom) has outlined plans to build a 20-storey new Escom House in Blantyre that will…
Biz Malawi dangles K 1m in Fantasy League clash
August 15, 2021
Biz Malawi dangles K 1m in Fantasy League clash
Malawi’s biggest online business directory and leading digital marketing agency has launched a BizMalawi K1 million Fantasy League contest. The…
Fish demand soars
August 14, 2021
Fish demand soars
Malawi is failing to meet its annual domestic fish demand estimated in excess of 20 000 tonnes, due to lack…
Treasury closes year with K497bn deficit
August 14, 2021
Treasury closes year with K497bn deficit
The Treasury has posted a K497.85 billion deficit in the 2020/21 financial year (FY), higher than K425.31 billion in the…
Analayst cautious on easing debt
August 13, 2021
Analayst cautious on easing debt
Market analyst Cosmas Chigwe says the easing of domestic debt in the second quarter (April to June 2021) is not…
FDH Bank splashes prizes in Wamkaka promo
August 13, 2021
FDH Bank splashes prizes in Wamkaka promo
FDH Bank plc on Wednesday conducted the third draw of its Wamkaka Promotion. The promotion was launched to celebrate the…
Forex reserves still under pressure—RBM
August 13, 2021
Forex reserves still under pressure—RBM
The country’s foreign exchange reserves continue to be under pressure, with latest figures from the Reserve Bank of Malawi (RBM)…
Trade deficit jumps K1.4tn in 10 years
August 13, 2021
Trade deficit jumps K1.4tn in 10 years
Malawi’s trade balance worsened over a 10-year period to K1.4 trillion in 2020 from K159 billion in 2010, National Statistical…
Water project set to bring socio-economic benefits
August 12, 2021
Water project set to bring socio-economic benefits
The provision of potable water through the extension of $14.3 million (about K11 billion) Mangochi Potable Water Supply Project means…