Business

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New investors eye Alliance Holdings

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

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

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

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

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

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

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

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

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

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…
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