Business

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Malawi’s cash crops on death bed—Aicc

Malawi’s cash crops on death bed—Aicc

The African Institute of Corporate Citizenship (Aicc) says there is nothing government can do to save the dying tobacco industry,…
Internet tax review can make data rates fall

Internet tax review can make data rates fall

When Malawi Communications Regulatory Authority (Macra) announced that effective Thursday, April 22 2021, mobile network operators in the country would…
RBM revises 2021 inflation rate target

RBM revises 2021 inflation rate target

The Reserve Bank of Malawi (RBM) has revised upwards its 2021 inflation rate projection from 7.6 percent to an average…
Covid-19 costs aviation industry k134 billion

Covid-19 costs aviation industry k134 billion

The country’s aviation industry has lost an estimated K134 billion in revenue due to the Covid-19 pandemic which slowed down…
FMBCH year-end profit jumps to $21.2 million

FMBCH year-end profit jumps to $21.2 million

FMB Capital Holdings (FMBCH) plc, the holding company for First Capital Bank operations in Africa, has reported profit after tax…
Low absorption rate mars $95m AGCOM project

Low absorption rate mars $95m AGCOM project

Agriculture Commercialisation (Agcom) Project has  disbursed only K1.2 billion to farmer organisations out of the K23 billion matching grants. Government…
Govt banks on tourism master plan for growth

Govt banks on tourism master plan for growth

Government seeks to boost investments in the tourism sector through a 25-year National Tourism Investment Masterplan supported by the African…
Covid-19 may dampen middle class plans—NPC

Covid-19 may dampen middle class plans—NPC

The National Planning Commission (NPC) says plans to grow the economy to a lower middle-class by 2030 may be eroded…
Consumers want action on worsening bad loans

Consumers want action on worsening bad loans

Credit quality of commercial banks worsened in 2020 despite measures instituted by the Reserve Bank of Malawi (RBM) to mitigate…
RBM trade finance Facility at $307M

RBM trade finance Facility at $307M

The central bank has renewed the $250 million revolving dual tranche strategic structured commodity and trade finance facility, a tool…
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