Business
Govt move threatens market liquidity—BAM
February 14, 2024
Govt move threatens market liquidity—BAM
Bankers Association of Malawi (BAM) says government’s move to migrate bank accounts of 22 parastatals from commercial banks to the…
RBM justifies policy rate hike
February 14, 2024
RBM justifies policy rate hike
The Reserve Bank of Malawi (RBM) says the hike in the policy rate to 26 percent in the current circumstances…
MDCHL sustainability,capacity under scrutiny
February 14, 2024
MDCHL sustainability,capacity under scrutiny
With plans underway to set up Malawi Development Corporation Holdings Limited (MDCHL) to spearhead investment in strategic sectors, analysts fear…
Mzuni, MBS MoU set to boost capacity
February 13, 2024
Mzuni, MBS MoU set to boost capacity
Mzuzu University (Mzuni) and the Malawi Bureau of Standards (MBS) have signed a memorandum of understanding (MoU) to enable the…
Local manufacturer wants partnership on mega farms
February 13, 2024
Local manufacturer wants partnership on mega farms
Local manufacturer Brown Trailers Manufacturers Company says it wants to partner government in the provision of supplies for the Mega…
Businesses struggling to access forex
February 13, 2024
Businesses struggling to access forex
Businesses in the country are still struggling to source foreign exchange from banks, three months after the Reserve Bank of…
Low-cost financing supports debt restructuring—IMF head
February 13, 2024
Low-cost financing supports debt restructuring—IMF head
International Monetary Fund (IMF) resident representative for Malawi Nelnan Koumtingue has backed the fund’s approach to debt restructuring amid concerns…
Magla sensitises on responsible gambling
February 12, 2024
Magla sensitises on responsible gambling
The Malawi Gaming and Lotteries Authority (Magla) on Saturday sensitised communities around Lizulu Trading Center in Ntcheu District to the…
Maize price structure comes under scrutiny
February 12, 2024
Maize price structure comes under scrutiny
Malawi’s heavy dependence on rain-fed agriculture and poorly implemented government interventions contribute to drastic fluctuation in the price of maize,…
Firm moves to explore lithium, other minerals
February 11, 2024
Firm moves to explore lithium, other minerals
Green Explorations Limited has expressed interest to start exploring lithium and other minerals, including rare earth elements, beryl, tantaline, copper,…
Escom launches digitalfault reporting platform
February 11, 2024
Escom launches digitalfault reporting platform
Electricity Supply Corporation of Malawi (Escom) has rolled out a digital platform for the management of faults reporting dubbed 360…
Policy hike hits small businesses
February 10, 2024
Policy hike hits small businesses
Small and medium enterprises have been left in the cold followin g Reserve Bank of Malawi (RBM)’s decision to raise…
Commission tips on unlocking investment
February 10, 2024
Commission tips on unlocking investment
Economic Commission for Africa (ECA) has called for a shift in perspective and if Africa’s partnership with Europe is to…
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…