Business

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Illovo Sugar profits down to K59 billion

Illovo Sugar profits down to K59 billion

Illovo Sugar (Malawi) plc operating profit dropped from K82 billion in 2023 financial year to K59 billion last year despite…
PCL acquires 10% stake in Liberian firm

PCL acquires 10% stake in Liberian firm

Press Corporation Limited plc (PCL) has acquired 10 percent equity in a Liberian financial institution, a move that has since…
Deloitte plant trees to protect BT’s water source

Deloitte plant trees to protect BT’s water source

Deloitte Malawi, in partnership with the Wildlife and Environmental Society of Malawi (WESM), has taken a step toward environmental sustainability…
Lions Club of Blantyre plants trees to restore Lilangwe riverbanks

Lions Club of Blantyre plants trees to restore Lilangwe riverbanks

The Lions Club of Blantyre has spearheaded a tree-planting initiative that saw 1,000 tree seedlings planted along the banks of…
Deforestation worries BT Mayor, calls for action

Deforestation worries BT Mayor, calls for action

Blantyre City Council Mayor, Councillor Joseph Makwinja, has called on corporate institutions to take a leading role in afforestation and…
RBM tips on price stability

RBM tips on price stability

T he Reserve Bank of Malawi (RBM) has clarified that the monetary policy only works on demand side; hence, it…
Minister calls for a cooperative bank

Minister calls for a cooperative bank

Minister of Trade and Industry Sosten Gwengwe has urged Savings and Credit Cooperatives (Saccos) in the country to consider pooling…
Central bank moves to secure gemstone, gold

Central bank moves to secure gemstone, gold

The Reserve Bank of Malawi (RBM) is set to hire independent assessors to review the authenticity of the gemstones and…
Forex shortage squeezes Firms

Forex shortage squeezes Firms

Malawi Confederation of Chambers of Commerce and Industry (MCCCI) says scarcity of forex is one of the most pressing challenges…
climate finance eludes Malawi

climate finance eludes Malawi

Malawi alongside other 53 low- and lower-middle income countries are trapped in debt crisis, a situation ActionAid says has forced…
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