Business
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FDH Bank profit up to K14.4bn from K5.3bn
April 8, 2021
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
April 8, 2021
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
April 8, 2021
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
April 8, 2021
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
April 7, 2021
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
April 7, 2021
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
April 6, 2021
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
April 6, 2021
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
April 6, 2021
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
April 5, 2021
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…