Business
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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…
Make Sadc great, citizens should embrace it
August 12, 2021
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
August 12, 2021
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
August 12, 2021
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
August 11, 2021
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…