Business

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Study cautions ADMARC funding

Study cautions ADMARC funding

Continued public funding of financially-struggling Agricultural Development and Marketing Corporation (Admarc) is made at the expense of increased private sector…
Illovo half-year profit hits K6.1bn

Illovo half-year profit hits K6.1bn

Listed sugar manufacturer Illovo Sugar (Malawi) plc has posted a K6.1 billion profit in the half-year ended February 28 2021…
Firms want Taxes intact

Firms want Taxes intact

Malawi Confederation of Chambers of Commerce and Industry (MCCCI) has spoken against raising taxes in the forthcoming fiscal year, arguing…
Grain traders lose out on maize exports

Grain traders lose out on maize exports

Barely a week before the three-month export window closes, grain traders have only exported 17 478 metric tonnes (MT) of…
Implanting trade hope amid Covid-19 monster

Implanting trade hope amid Covid-19 monster

The Covid-19 pandemic has completely plunged the global economy into an abyss of recession. The pandemic mirrors two other past…
Malawi tobacco faces new threat

Malawi tobacco faces new threat

Malawi’s tobacco industry faces another blow as most of its major markets are contemplating banning the sale of mint-flavoured cigarettes,…
4-month average inflation rate surpasses 2021 target

4-month average inflation rate surpasses 2021 target

Malawi’s year-on-year headline inflation has averaged 8.65 percent between January and April this year, slightly above the 2021 inflation rate…
Fund disburses K5.8bn to new beneficiaries

Fund disburses K5.8bn to new beneficiaries

The National Economic Empowerment Fund (Neef), formerly Malawi Enterprise Development Fund (Medf), says it has disbursed K5.8 billion to 2…
Private sector credit rises to k7.8bn—RBM

Private sector credit rises to k7.8bn—RBM

Reserve Bank of Malawi (RBM) says commercial banks’ credit to the private sector grew by 1.2 percent to K7.8 billion…
WB slashes MW’S Growth prospects

WB slashes MW’S Growth prospects

The World Bank has revised downwards the country’s growth projections by 0.5 percentage points to 2.8 percent as Covid-19 impacts…
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