Business

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Waiting for competition in banking sector

Waiting for competition in banking sector

Until 1995 when First Merchant Bank (FMB) joined the fray as the country’s third commercial bank, Malawi used to have…
Ireland discusses aid strategy for Malawi

Ireland discusses aid strategy for Malawi

As the debate on the effectiveness of aid rages on, development practitioners and economists have differed on its impact in…
FUM wants Crempa to be independent

FUM wants Crempa to be independent

Farmers Union of Malawi (FUM) wants to empower Central Region Milk Producers Association (Crempa) to become an independent entity. The…
Malawian Airlines decries high fuel cost

Malawian Airlines decries high fuel cost

Malawian Airlines Limited, a joint venture between Ethiopian Airlines and Malawi Government, has said the current reduction in jet fuel…
Tobacco raises in $172.3m in 13 weeks

Tobacco raises in $172.3m in 13 weeks

Tobacco, Malawi’s main foreign exchange earner, has generated in $172.3 million (K126 billion) in 13 weeks of sales at an…
SA joins 18 others in signing tripartite FTA deal

SA joins 18 others in signing tripartite FTA deal

South Africa has signed the Tripartite Free Trade Area (TFTA) agreement, a development that has injected fresh momentum into the…
Drought widens current account deficit—KPMG

Drought widens current account deficit—KPMG

Drought that hit Malawi in 2016 widened the current account deficit to 15.5 percent of gross domestic product (GDP) recorded…
Cama keen to see banks interest rates cut

Cama keen to see banks interest rates cut

Consumers Association of Malawi (Cama) says it expects commercial banks to respond with urgency by reducing lending rates following a…
Malawi harnesses digital payments—report

Malawi harnesses digital payments—report

  Digital payment transactions are fast rising with records showing a continued growth in daily average volumes and value of…
Traffic volumes delay toll gates rollout—PPPC

Traffic volumes delay toll gates rollout—PPPC

  Toll gates will not be rolled out any time soon because the country does not have adequate volumes of…
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