Business
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FDI to fall 40% In 2020—report
June 23, 2020
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…
Admarc seeks money for recapitalisation
June 22, 2020
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
June 22, 2020
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
June 22, 2020
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…
IMF tips treasury on debt
June 20, 2020
IMF tips treasury on debt
The International Monetary Fund (IMF) says prudent fiscal management is needed to maintain macroeconomic sustainability. IMF resident representative Farayi Gwenhamo…
Traders fault policies on poor performance
June 19, 2020
Traders fault policies on poor performance
The National Working Group on Trade Association says lack of diversification and politicisation of trade policies is stiffing trade activities…
Mushroom farming empowers unemployed youths
June 19, 2020
Mushroom farming empowers unemployed youths
Farmers in Malawi grow maize as a staple food crop and once harvested, the remains, consisting of leaves, stalks and…
Oxfam queries Covid-19 cash transfer absence
June 19, 2020
Oxfam queries Covid-19 cash transfer absence
Oxfam in Malawi has questioned the budget slash for social services and the absence of allocation for the much-touted Covid-19…
Trade deficit narrowed by 5.4% in 2019—report
June 19, 2020
Trade deficit narrowed by 5.4% in 2019—report
Malawi’s trade deficit narrowed by 5.4 percent in 2019 as exports outweighed imports, figures from Malawi Government 2020 Annual Economic…
Tourism sector loses K40bn in 3 months
June 19, 2020
Tourism sector loses K40bn in 3 months
A preliminary study by the Malawi Tourism Council (MTC) shows that the tourism sector has lost about K40.5 billion in potential…