Business

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‘Second compact on track amid covid-19’

‘Second compact on track amid covid-19’

Preparations for Malawi’s second Millennium Challenge Corporation (MCC) compact are on course despite several restrictions due to the Covid-19 pandemic,…
Tobacco market fully operational—AHL Group

Tobacco market fully operational—AHL Group

AHL Group says the tobacco market is now fully operational, selling 25 000 bales a day from 3 000 bales…
Covid-19 to worsen Poverty levels—report

Covid-19 to worsen Poverty levels—report

The International Food Policy Research Institute (Ifpri) says an estimated 1.1 million Malawians have fallen into the poverty trap two…
Regional integration critical amid Covid-19—ministry

Regional integration critical amid Covid-19—ministry

Ministry of Industry and Trade  says the Covid-19 pandemic has strengthened the case and need for regional economic integration and…
Sunbird moves to contain risks

Sunbird moves to contain risks

Sunbird Tourism plc says it has appropriate structures in place to ensure adequate responses to emerging risks in its operating…
FDI to fall 40% In 2020—report

FDI to fall 40% In 2020—report

Malawi is expected to register a 40 percent drop in Foreign Direct Investment (FDI) this year largely due to the…
CfSC, MCTU say K35 000 minimum wage unrealistic

CfSC, MCTU say K35 000 minimum wage unrealistic

Centre for Social Concern (CfSC) and the Malawi Congress of Trade Unions (MCTU) have faulted Treasury for not adjusting the…
Admarc seeks money for recapitalisation

Admarc seeks money for recapitalisation

The Agricultural Development and Marketing Corporation (Admarc) says it needs $300 million (about K222 billion) for recapitalisation to ensure seamless…
Remittances drop 33% in 5 months

Remittances drop 33% in 5 months

Malawi has recorded a 33 percent drop in remittances from its citizens working or living abroad to $78.96 million (about…
Icam cautions Treasury on borrowing

Icam cautions Treasury on borrowing

The Institute of Chartered Accountants in Malawi (Icam) has warned Treasury that increased borrowing in the 2020/21 fiscal year will…
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