Business

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Icon Properties plc posts K7.4bn profit

Icon Properties plc posts K7.4bn profit

Malawi Stock Exchange (MSE)-listed property development and management firm, Icon Properties plc, has posted a K7.4 billion profit in the…
Treasury’s borrowing from banks rising

Treasury’s borrowing from banks rising

Treasury is still borrowing heavily from commercial banks instead of the central bank, recent Reserve Bank of Malawi (RBM) figures…
Tedzani IV construction at 84% completion

Tedzani IV construction at 84% completion

Electricity Generation Company of Malawi (Egenco) says construction works to add 18 megawatts (MW) to Tedzani Hydro Power Station in…
Inflation eases to 9.4%

Inflation eases to 9.4%

Malawi’s year-on-year inflation eased by 0.4 percentage points to 9.4 percent in April, published figures from the National Statistical Office…
Medf receives K5.2bn business loan applications

Medf receives K5.2bn business loan applications

Malawi Enterprises Development Fund (Medf) says it has received loan applications worth K5.2 billion from groups and individuals nationwide seeking…
Green Belt woos private sector on irrigation projects

Green Belt woos private sector on irrigation projects

The Green Belt Authority (GBA), a government agency that manages irrigation projects, has called on the local private sector to…
Cash transfers yet to impact poverty

Cash transfers yet to impact poverty

Despite the overwhelming positive evidence on the effectiveness of cash transfers in Malawi, their current benefit levels are too low…
Businesses praise tax relief window

Businesses praise tax relief window

Local businesses have welcomed the recently-introduced Voluntary Compliance Window (WCW) by the Malawi Revenue Authority (MRA), saying it is as…
E-commerce important tool in Covid-19 fight—WTO

E-commerce important tool in Covid-19 fight—WTO

The nature of Covid-19 and its impact on economies underscores the need for countries to capitalise on e-commerce and strengthen…
FDH donates to Blantyre DHO

FDH donates to Blantyre DHO

FDH Bank on Wednesday donated K3.2 million worth of medical equipment to the Blantyre District Health Office (DHO) to assist…
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