Business
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TNM launches ‘Moyo Cover’ mobile insurance
August 7, 2013
TNM launches ‘Moyo Cover’ mobile insurance
Cellphone network operator TNM, on Friday launched TNM mobile insurance, a revolutionary product that provides free life insurance cover…
Fair trade commission approves FMB, ICB merger
August 7, 2013
Fair trade commission approves FMB, ICB merger
Malawi Competition and Fair Trading Commission (CFTC) has approved the merger of First Merchant Bank (FMB) and International Commercial…
Dossani Trust donates K1.7m to Mawu
August 7, 2013
Dossani Trust donates K1.7m to Mawu
Malawi Writers Union (Mawu) is set to award legendary Malawian authors later this year, and Dossani Trust contributed K1.2…
Loan default likely to continue—RBM
August 6, 2013
Loan default likely to continue—RBM
The Reserve Bank of Malawi said the financial sector is well capitalised, but credit risk remains high with ratio of…
Malawi’s economic recovery fragile—EIU
August 6, 2013
Malawi’s economic recovery fragile—EIU
The Economist Intelligence Unit (EIU) has said Malawi’s economic recovery is fragile and has so far pegged the country’s gross…
FMB K3.5bn profit in line with forecast
August 6, 2013
FMB K3.5bn profit in line with forecast
First Merchant Bank (FMB), whose K3.5 billion after-tax profit in the half year ending June 30 is in line with…
Universal Industries launches new products
August 6, 2013
Universal Industries launches new products
Universal Industries Limited has officially launched Supa Chips and Magic Mornings—its two new products on the market. Speaking at a…
Kenya Airways connects Malawi to key markets
August 6, 2013
Kenya Airways connects Malawi to key markets
Tourists and investors visiting landlocked Malawi had to brave long hours of travel and high costs of transportation. However, signs…
Govt keen to safeguard public finances
August 5, 2013
Govt keen to safeguard public finances
Minister of Finance Ken Lipenga said the government has introduced Integrated Financial Management Information System (Ifmis) to promote accountability in…
Ports to cut transport cost by 30%
August 5, 2013
Ports to cut transport cost by 30%
The rehabilitation of the country’s ports is expected to reduce transportation cost by between 24 percent and 30 percent, consultant…