Business
Bank interest rates hike to strain firms
February 9, 2024
Bank interest rates hike to strain firms
Commercial banks’ move to raise base lending rates in reaction to Reserve Bank of Malawi’s (RBM) policy rate hike will…
Tevet strategic plan key to MW2063—minister
February 9, 2024
Tevet strategic plan key to MW2063—minister
Minister of Labour Agness NyaLonje has described the newly launched Technical, Entrepreneurial and Vocational Education and Training (Tevet) 2024-30 strategic…
Workers condemned to income poverty—UN
February 8, 2024
Workers condemned to income poverty—UN
For years, Benjamin Jonas has been working as a casual labourer in the construction sector, but with no success to…
Calls for more action on preferential treatment
February 8, 2024
Calls for more action on preferential treatment
Amid concerns that indigenous black businesses are not given preference in government contracts, economist Chinyamata Chipeta says more needs to…
FDH Bank sees annual profit rising to K35bn
February 7, 2024
FDH Bank sees annual profit rising to K35bn
FDH Bank plc says it expects its profit after-tax for the year ended December 31 2023 to be between K34…
Firm outlines budget risks
February 7, 2024
Firm outlines budget risks
Investment advisory firm Nico Asset Managers Limited says government faces risks to achieve its target of reducing fiscal deficit in…
US-Africa Business Summit to focus on trade, investment
February 7, 2024
US-Africa Business Summit to focus on trade, investment
The United States-Africa Business Summit is expected to take place in Dallas, Texas, USA from May 6 to 9 this…
Team work, hard workboost Mudi Sacco surplus
February 7, 2024
Team work, hard workboost Mudi Sacco surplus
Mudi Savings and Credit Cooperatives (Sacco) has attributed its 94 percent surplus growth in the year ended December 31 2023…
World Bank commits support to social protection initiatives
February 7, 2024
World Bank commits support to social protection initiatives
The World Bank says it will continue to help Malawi with adaptive social protection initiatives to enhance resilience of vulnerable…
MRA facing hitchesto broaden tax net
February 6, 2024
MRA facing hitchesto broaden tax net
Malawi Revenue Authority (MRA) efforts to attract the informal sector into the tax net continue to face hurdles as most…
Govt eyes K1tn cut in external debt
February 6, 2024
Govt eyes K1tn cut in external debt
Malawi could see its external debt declining by about $592 million (K1 trillion) if the country’s proposed debt restructuring strategy…
Minister wants strict enforcement of new minimum wage
February 6, 2024
Minister wants strict enforcement of new minimum wage
Minister of Labour Agnes NyaLonje yesterday challenged labour inspectors to strictly inspect and enforce compliance to the newly gazette minimum…
IMF lauds progress on economic reforms
February 5, 2024
IMF lauds progress on economic reforms
International Monetary Fund (IMF) country representative Nelnan Koumtingue has commended the country’s fiscal authorities for the progress made in implementing…
Forex situation to determine regulation review, says RBM
February 5, 2024
Forex situation to determine regulation review, says RBM
The Reserve Bank of Malawi (RBM) says monetary authorities will review the 30 percent mandatory sale of export proceeds regulation…
Chapola retires from Nico Life, urges insurance-friendly laws
February 4, 2024
Chapola retires from Nico Life, urges insurance-friendly laws
Nico Life Insurance Company Limited outgoing chief executive officer (CEO) Eric Chapola says Malawi needs insurance-friendly laws to fully benefit…
Consumers want action on sugar crisis
February 3, 2024
Consumers want action on sugar crisis
Consumers Association of Malawi (Cama) has asked sugar manufacturer Illovo Sugar (Malawi) plc and Ministry of Trade and Industry to…
Salima sugar moves to stem supply gap
February 3, 2024
Salima sugar moves to stem supply gap
Salima Sugar Malawi has started repackaging sugar from its 50 kilogramme (kg) bags into one-kilogramme packets for sale in local…
Firms courted to free trade area
February 2, 2024
Firms courted to free trade area
Ministry of Trade and Industry says it it searching for businesses willing to trade in the guided trade initiative (GTI)…
SMEs yet to fully benefit from government business
February 1, 2024
SMEs yet to fully benefit from government business
Capacity challenges are hindering small and medium enterprises (SMEs) from conducting business with government, The Nation has established. This is…
Policy rate direction draws mixed reactions
February 1, 2024
Policy rate direction draws mixed reactions
In the wake of observations that a tight monetary policy stance has failed to tame inflation, economists have urged the…