Business

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FDH Bank profit up to K14.4bn from K5.3bn

FDH Bank profit up to K14.4bn from K5.3bn

FDH Bank plc has posted a K14.4 billion after-tax profit for the year ended December 31 2020, its financial statement…
When banking becomes a nightmare

When banking becomes a nightmare

Most commercial banks in the country have invested heavily in information and communications technology (ICT) infrastructure in apparent bid to…
Govt borrowing pushes up bank lending rates

Govt borrowing pushes up bank lending rates

Increased government borrowing on the domestic market has triggered a rise in commercial banks’ reference rate for April, the Bankers…
Kwacha troubled Currency, says RBM

Kwacha troubled Currency, says RBM

The Reserve Bank of Malawi (RBM) has listed the kwacha among a group of currencies under severe pressure in the …
Illovo positive despite Kenya sugar import cap

Illovo positive despite Kenya sugar import cap

Malawi Stock Exchange-listed sugar manufacturer Illovo Sugar (Malawi) plc says it is  hopeful of an increase in sugar quota despite…
Ministry drums up support for locally produced goods

Ministry drums up support for locally produced goods

Ministry of Trade has urged people to consume and use locally made products, saying this is the only way to…
NBS Bank annual profit up 58% to K7bn

NBS Bank annual profit up 58% to K7bn

NBS Bank plc has reported a 58 percent increase in profit after-tax to K7 billion in the year ended December…
Construction sector Decries funding deficit

Construction sector Decries funding deficit

Players in the construction sector say lack of funding for infrastructure development projects has grounded their business to a halt.…
National Bank posts K22.4bn after-tax profit

National Bank posts K22.4bn after-tax profit

National Bank of Malawi (NBM) plc has registered a group profit after-tax of K22.45 billion from K17.16 billion in 2019,…
Illovo queried on Bottler sugar price

Illovo queried on Bottler sugar price

Illovo Sugar (Malawi) plc says it exports sugar at prices below the cost of production and over two times compared…
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