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Treasury explains IMF ecf cancellation

Treasury explains IMF ecf cancellation

Ministry of Finance says it mutually agreed with the International Monetary Fund (IMF) to cancel the three-year Extended Credit Facility…
Budget not consumer friendly, says Cama

Budget not consumer friendly, says Cama

Consumers Association of Malawi (Cama) has faulted some government’s priority areas in the 2020/21 financial year, arguing that Treasury ignored…
Businesses decry tax incentives

Businesses decry tax incentives

The Malawi Confederation of Chambers of Commerce and Industry (MCCCI) says the  proposed K2.2 trillion National Budget 2020/21 has failed…
Sunbird signs agreement to manage Chintheche Inn

Sunbird signs agreement to manage Chintheche Inn

In a bid to advance its brand expansion efforts and extend its footprint in the country, Sunbird Tourism plc will…
Bad loans surge

Bad loans surge

High levels of non-performing loans (NPLs) above the recommended regulatory ceiling as a result of reduced economic activity due to…
Unconventional monetary policies necessary

Unconventional monetary policies necessary

Central Banks in the Common Market for Eastern and Southern Africa (Comesa) region has been implementing new policy instruments and…
Admarc yet to resume buying maize, farmers concerned

Admarc yet to resume buying maize, farmers concerned

Agricultural Development and Marketing Corporation (Admarc) says it is yet to resume buying maize, four months after the exercise was…
AfDB sees average inflation at 12.2%

AfDB sees average inflation at 12.2%

The African Development Bank (AfDB) has projected that Malawi’s average annual inflation could rise to 12.2 percent in 2020 driven…
Commission recalls Liqui Fruit Red Grape juice

Commission recalls Liqui Fruit Red Grape juice

The Competition and Fair Trading Commission (CFTC) has warned against consumption of Liqui Fruit Red Grape 330 millilitres (ml) cans.…
Credit demand soars, shifts to long-term

Credit demand soars, shifts to long-term

The Reserve Bank of Malawi (RBM) says the banking sector’s demand for loans and credit lines has increased and shifted…
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