World Bank approvesK102bn imports facility
The World Bank has approved a $60 million (about K102 billion) facility through a International Development Association grant to ease...
Business News
Kwacha fall hits pensioners hard
The 44 percent kwacha devaluation will leave pensioners in limbo and Old Mutual Pension Services has said the returns will...
IMF calls for market clearing forex rate
The International Monetary Fund (IMF) says it will be critical for Malawi to facilitate a market-clearing exchange rate on an...
October inflation rate eases to 26.9%
Malawi’s year-on-year headline inflation rate for October 2023 has eased by 0.9 percentage points to 26.9 percent on account of...
Rising cost of living a growing concern
The Centre for Social Concern (CfSC) says rising cost of living in Malawi has become a growing concern, impacting citizens...
IMF urges govt to restructure debt
The International Monetar y Fund (IMF) has urged the government to prioritise debt restructuring, a shift to private-led sector growth...
Alliance commits K5.1tn to boost agriculture
Private sector-focused Alliance for Special Agro-Industrial Processing Zones (Sapz) has announced $3 billion (about K5.1 trillion) in new investment to...
IMF sees 2023 average inflation rate at 30.3%
The International Monetary Fund (IMF) has revised Malawi’s average inflation rate for 2023 to 30.3 percent from an earlier projection...
Local economists back IMF conditions
Economists say International Monetary Fund (IMF) conditions attached to its loans cannot be blamed for the country’s economic woes, but...
Mulli gets offer to set up tea factory in Nigeria
Business magnate Leston Mulli through his MBL Holdings Limited has been invited to set up a tea processing and blending...
Devaluation to stir price spiral
The 44 percent devaluation of the kwacha and subsequent increases in prices of fuel, electricity and other basic items could...
Kwacha devaluation hits savings groups
Village savings and loans (VSLs) group members say the 44 percent devaluation of the kwacha will hit them hard because...
Official, parallel market rate widens, Fimda blames pegging
Barely days after the Reserve Bank of Malawi (RBM) devalued the kwacha by 44 percent to address currency misalignment, the...
Bakhresa invests k170bn In cooking oil refinery
Bakhresa Malawi Limited says it has invested $100 million (about K170 billion) in the green field cooking oil refinery plant...
Nico Holdings CEO woos investors at fair
Nico Holdings plc managing director Vizenge Kumwenda says the door is open for investors to join its flagship construction projects,...
Water boards seek 44% tariff increase
The country’s five water boards under Water Services Association of Malawi (Wasama) say they will meet government officials this week...
FDH Bank, Afreximbank sign K17bn trade deal
African Import and Export Bank (Afreximbank) and FDH Bank plc have signed a $10 million (about K17 billion) Africa Trade...
EU, UNDP upbeat on Agribiz Hub job creation prospects
The European Union (EU) and United Nations Development Programme (UNDP) have expressed confidence in the potential of the 20 million...
RBM moves to ‘float’ Kwacha
The Reserve Bank of Malawi (RBM) has announced new operational changes to the foreign exchange market, a move economic experts...
Malawi to market bankables at IATF
Ministry of Trade has said Malawi’s main objective at this year’s Intra African Trade Fair which kicked off on November...
