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Lotus Resources produces first uranium at Kayelekera

Lotus Resources produces first uranium at Kayelekera

Lotus Resources Limited, a firm that owns 85 percent stake in Kayelekera Uranium Mine in Karonga, has produced its first…
Experts decry agro sector performance

Experts decry agro sector performance

Experts have warned that despite substantial investments, the agriculture sector remains hamstrung by structural, climatic and policy challenges that stifle…
Salima solar project delay worries egenco

Salima solar project delay worries egenco

Electricity Generation Company (Egenco) has expressed dissatisfaction with the slow pace of progress at its Salima Solar Power Project. The…
Milk price up 42%, farmers in mixed reaction

Milk price up 42%, farmers in mixed reaction

Milk price (the price at which processors buy from dairy farmers) has increased by 42 percent since April from K490…
‘Development has evolved slowly’

‘Development has evolved slowly’

World Bank country manager Faras Raad says Malawi’s economic development has evolved slowly and yielded modest improvements in living standards.…
World bank warns of risks to procurement

World bank warns of risks to procurement

The World Bank has warned that the prevailing macroeconomic conditions, compounded by climate vulnerability are increasing operational risks and costs…
Malawi still at the crossroads—part 4

Malawi still at the crossroads—part 4

A picture worth a thousand words As we near the end of this five part series, a reminder of what…
RBM moves to exempt some  firms from forex conversion

RBM moves to exempt some  firms from forex conversion

The Reserve Bank of Malawi (RBM) says it will exempt some companies from mandatory conversion of export proceeds under the…
Market-responsive tariffs can save Escom, others

Market-responsive tariffs can save Escom, others

My heart bled last week when I heard Electricity Supply Corporation of Malawi (Escom) Limited chief executive officer Kamkwamba Kumwenda…
Bad debts mount in microfinance sector

Bad debts mount in microfinance sector

Malawi’s microfinance sector is grappling with the harsh economic environment, as borrowers struggle to service loans, leading to a surge…
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