Business
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World Bank report shows aid lost to leakages
February 27, 2020
World Bank report shows aid lost to leakages
Malawi loses an estimated 7.5 percent of aid disbursed by the World Bank due to leakages, a research by the…
FDH Holdings profit up 44% to K11.3bn
February 26, 2020
FDH Holdings profit up 44% to K11.3bn
Financial services group FDH Financial Holdings Limited has reported a 44 percent growth in profit after-tax to K11.3 billion in…
Experts question Growth target
February 26, 2020
Experts question Growth target
Economic experts and Parliamentary Budget and Finance Committee have questioned government’s insistence that the economy will grow by seven percent…
Poly students launch banking, finance association
February 26, 2020
Poly students launch banking, finance association
Students from The Polytechnic, a constituent college of the University of Malawi, have launched Students Society of Banking and Finance…
Sunbird set to open new hotel in Salima
February 25, 2020
Sunbird set to open new hotel in Salima
Sunbird Tourism plc has unveiled plans to open a new hotel, Sunbird Waterfront, in Salima to meet rising demand for…
Airtel shares jump 41.7% on listing day
February 25, 2020
Airtel shares jump 41.7% on listing day
The listing of Airtel Malawi plc on Malawi Stock Exchange (MSE) yesterday brought smiles on the faces of shareholders and…
Treasury firm on domestic revenue
February 24, 2020
Treasury firm on domestic revenue
Faced with the less-than-expected revenue collection in the first-half of the 2019/20 financial year, Treasury has unveiled new measures and…
‘Reference rate could decline further’
February 24, 2020
‘Reference rate could decline further’
Commercial bank’s reference rate may moderate to about or below 12 percent in the short-term due to the continued lower…
NBM eyes 75% stake in Tanzania bank
February 24, 2020
NBM eyes 75% stake in Tanzania bank
In its bid to expand business operations beyond Malawi borders, National Bank of Malawi (NBM) plc has reached final stages…
Stability could ease pressure on foreign debt
February 22, 2020
Stability could ease pressure on foreign debt
Lilongwe based economist Salim Mapila says now that the country has assumed a flexible exchange rate regime, it is important…