Business News
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Multinationals robbing africa, claims network
Finance Uncovered (FU), a network of investigative journalists on illicit financial flows, has said African countries, including Malawi, are…
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Reserves to ensure security of fuel supply—Nocma
National Oil Company of Malawi (Nocma) says it has started receiving fuel and dispatching it to its strategic reserves…
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Govt to review Occupational Safety, Welfare law
Ministry of Labour, Youth and Manpower Development has said government will review the 1997 Occupational Safety, Health and Welfare law…
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Wailers get new manager
Wailing Brothers manager Chigo Gondwe-Chokani has cut back on her involvement in the band’s affairs, paving the way for…
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Govt bans issuance of timber licences
Government has suspended the issuance of new timber licences to tree harvesters as one way of protecting the country’s forest…
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FDH Bank appoints new managing director
FDH Bank has appointed Eric Tenie Ouattara from Ivory Coast as new managing director to replace seasoned local banker Phillip…
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Crowe Horwath promises better service delivery
Crowe Horwath, which has integrated a local audit and tax advisory firm Johnson and Wilson into its operations, has assured…
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Maize deficit pushes May inflation rate to 21.5%
Rising food prices, particularly maize, have pushed up Malawi’s year-on-year inflation rate for May 2016 by 0.6 percentage points to…
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Dilute stake to 25%, sunbird tells govt
Sunbird Tourism Limited, the Malawi Stock Exchange (MSE)-listed hotel chain, has advised government to reduce its 71 percent stake to…
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Malawi attracts K103bn FDI in 2015
Malawi received K103 billion ($143 million) in foreign direct investment (FDI) in 2015, up from last year’s K93 billion ($130…
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Tobacco growers desparate
Tobacco growers in the country have little hope that the auction system of selling the crop will get back to…
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Group to tip entrepreneurs on marketing skills
Association for Experts in Socio Economic Development (Aesed) has said it is geared towards the promotion, production and marketing of…
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Salima sugar factory in k40bn investment
Salima Sugar Company Limited is expected to invest $55 million (about K40 billion) in the second phase of the…
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Some firms not remitting Tevet Levy—MRA
Some local firms are not remitting Technical, Entrepreneurial and Vocational Education and Training (Tevet) levy collected by Malawi Revenue…
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Malawi tobacco loses identity—TCC
Malawi tobacco is losing its identity due to growers’ continued use of recycled seeds, Tobacco Control Commission (TCC) deputy…
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Chinese investors eye agriculture, education
An eight-member business delegation from China has said it is interested to invest in agriculture, education and industry sectors…
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Mutharika lures Chinese investors
President Peter Mutharika yesterday enticed Chinese investors, saying Malawi is fast becoming an investment haven for southern Africa. Speaking…
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Malawi, Zimbabwe in joint tourism promotion
Ministry of Industry, Trade and Tourism delegation which recently attended the Sanaganai Tourism Expo in Zimbabwe, returned home full…
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Domestic sugar demand drops—Illovo Group
Illovo Sugar Group, the parent company of Malawi Stock Exchange (MSE)-listed Illovo Sugar (Malawi) Limited has said demand for their…
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ILO tips Malawi on child labour fight
International Labour Organisation (ILO) has commended Malawi for her efforts in fighting child labour but says more needs to be…
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