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Tobacco hit by declining global demand—minister
November 19, 2019
Tobacco hit by declining global demand—minister
Minister of Agriculture, Irrigation and Water Development Kondwani Nankhumwa has admitted that tobacco, the country’s main foreign exchange earner, continues…
RBM cautious on digital currencies
November 19, 2019
RBM cautious on digital currencies
The Reserve Bank of Malawi (RBM) says it remains cautious on the ongoing demand for the adoption of cryptocurrencies (digital…
AfDB invests $50m equity in infrastructure firm
November 19, 2019
AfDB invests $50m equity in infrastructure firm
African Development Bank (AfDB) Group, Africa’s highest investment-grade rated (AAA) finance institution, has invested $50 million (about K37 billion) in…
MW inflation below Comesa average
November 16, 2019
MW inflation below Comesa average
In 2012, Malawi’s consumer inflation was one the highest in the Common Market for Eastern and Southern Africa (Comesa) region…
Malawi to benefit from $1bn African female entrepreneurs fund
November 15, 2019
Malawi to benefit from $1bn African female entrepreneurs fund
The European Investment Bank (EIB) has announced a $1.1 billion lending programme to help women entrepreneurs on the continent. In…
Subdued tobacco market will impact on trade—RBM
November 15, 2019
Subdued tobacco market will impact on trade—RBM
The Reserve Bank of Malawi (RBM) says the subdued performance of the 2019 tobacco market will negatively impact the country’s…
FDH Bank, EIB sign K6bn deal to support businesses
November 15, 2019
FDH Bank, EIB sign K6bn deal to support businesses
FDH Bank and the European Investment Bank (EIB) have signed their first loan agreement that will support private sector investment…
Agriculture sector receives K3.2bn boost from Norway
November 15, 2019
Agriculture sector receives K3.2bn boost from Norway
The Norwegian Government on Wednesday provided additional $4.4 million (about K3.2 billion) towards the Malawi Second Agriculture Sector Wide Approach…
MAIIC working with Firms on proposals
November 15, 2019
MAIIC working with Firms on proposals
Malawi Agricultural and Industrial Investment Corporation (Maiic) says despite the development finance institution receiving about 200 investment proposals for funding,…
Why the trade deficit keeps worsening
November 14, 2019
Why the trade deficit keeps worsening
When it comes to international trade, Malawi is always having a negative trade balance or deficit regardless of which country…