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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…
Make Sadc great, citizens should embrace it

Make Sadc great, citizens should embrace it

It is Malawi’s turn to host the Southern African Development Community (Sadc) Heads of State and Government Summit and Lilongwe,…
Economic activity boosts private sector credit—RBM

Economic activity boosts private sector credit—RBM

The Reserve Bank of Malawi says a rebound in economic activity in the second quarter of this year pushed up…
60mw solar power IPP gets k3bn boost

60mw solar power IPP gets k3bn boost

The African Trade Insurance Agency (ATI) under its Regional Liquidity Support Facility has given a $4.4 million (about K3.6 billion)…
Banking, telecoms sectors top consumer complaints—CFTC

Banking, telecoms sectors top consumer complaints—CFTC

The telecommunication and banking sectors top consumer complaints lodged to the Competition and Fair Trade Commission (CFTC) in the 2020/21…
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