Business

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Illovo paid K78bn taxes in 2024/25 fiscal year

Illovo paid K78bn taxes in 2024/25 fiscal year

Illovo Sugar (Malawi) plc says it contributed over K78 billion to the economy through various taxes during the 2024/25 financial…
Ecam wary of cost of living

Ecam wary of cost of living

Employers Consultative Association of Malawi (Ecama) has said between January and August this year, the cost of basic needs, excluding…
FDH Bank completes Ecobank Moz acquisition

FDH Bank completes Ecobank Moz acquisition

FDH Bank plc says it has successfully completed the acquisition of the entire shareholding of Ecobank Transnational Incorporated (ETI) in…
Gensets, others choking miner

Gensets, others choking miner

Dependence on diesel-powered generators as a source of power is having a toll on operations of Kayelekera Uranium Mine in…
Nitl reaps from high interests, dividends

Nitl reaps from high interests, dividends

National Investment Trust plc (Nitl), a Malawi Stock Exchange (MSE)-listed collective investment scheme, has benefited from the high interest rates…
17 countries join Malawi in energy compact

17 countries join Malawi in energy compact

Seventeen African governments have joined Malawi in committing to reforms and investment plans to expand electricity access under Mission 300,…
Tobacco revenue hit $530 million

Tobacco revenue hit $530 million

Tobacco earnings have hit $530 million (K927 billion) after 25 weeks of sales in a season that has been prolonged…
Malawi FDI stagnates

Malawi FDI stagnates

The Export Development Fund (EDF) says despite registering moderate gains, Malawi’s foreign direct investments (FDIs) remain below the 10-year average…
 Diversity looms in pension industry

 Diversity looms in pension industry

The Reserve Bank of Malawi (RBM) has issued a directive to strengthen oversight of life insurance and pension fund administration,…
Firm gears up to roll out mining in 2026

Firm gears up to roll out mining in 2026

Lindian Resources Limited, a firm that owns  Kangankunde Rare Earth Project in Balaka District, is optimistic that it will produce…
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