Business

Govt move threatens market liquidity—BAM

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

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

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

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

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

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

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

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

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

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

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

 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

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

 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

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

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

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

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

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

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…
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