Business
Forex rates stabilise after kwacha ‘floated’
December 1, 2023
Forex rates stabilise after kwacha ‘floated’
Published data shows that the exchange rate between the kwacha and the dollar has not changed from the first week…
MRA upbeat on revenue target
December 1, 2023
MRA upbeat on revenue target
Malawi Revenue Authority (MRA) says despite prevailing economic challenges, the public tax collector is optimistic of meeting its targeted revenue…
Govt tipped onsalary increments
November 30, 2023
Govt tipped onsalary increments
Malawi Governmenr has been advised to restructure the public sector to create avenues for employers to raise salaries without triggering…
Private sector credit remains below par
November 30, 2023
Private sector credit remains below par
Private sector credit to the manufacturing and agricultural sectors have risen by three percent and 17 percent, respectively, but economic…
Firm, economist tip govt on agricultural financing
November 29, 2023
Firm, economist tip govt on agricultural financing
Palladium Group and agricultural economist Horace Phiri have called for strong and sustainable partnerships to unlock financing to the agricultural…
Financial sector employees Best rewarded—survey
November 29, 2023
Financial sector employees Best rewarded—survey
Findings of a National Statistical Office (NSO) survey have shown that the financial and insurance sector is the best employer…
Negotiate IMF tax reforms, says ICAM
November 28, 2023
Negotiate IMF tax reforms, says ICAM
The Institute of Chartered Accountants in Malawi (Icam) says there is need to negotiate with the International Monetary Fund (IMF)…
Malawi facing capacity gaps despite strides
November 28, 2023
Malawi facing capacity gaps despite strides
The African Development Bank (AfDB) says Malawi still faces significant capacity gaps in macroeconomic modelling, despite the huge strides made…
New system rakes in K40.9bn tax revenue
November 27, 2023
New system rakes in K40.9bn tax revenue
The Malawi Revenue Authority (MRA) says the Block Management System (BMS) has helped the tax agency.to widen the tax base,…
Devaluation pushes up Insurance premiums
November 27, 2023
Devaluation pushes up Insurance premiums
Insurance premiums are set to rise following the 44 percent devaluation of the local unit to allow firms realise adequate…
Fiscal deficit down 13%in Mid-Year Budget
November 25, 2023
Fiscal deficit down 13%in Mid-Year Budget
Minister of Finance and Economic Affairs Simplex Chithyola-Banda’s maiden financial plan will see the fiscal deficit as a percentage of…
NPC urges government to float the kwacha
November 24, 2023
NPC urges government to float the kwacha
National Planning Commission director general Thomas Munthali has urged the Malawi government to float the kwacha against major international currencies…
Local banks capitalisation hits K5.9tn—IMF
November 24, 2023
Local banks capitalisation hits K5.9tn—IMF
The banking sector’s total market capitalisation has doubled to K5.9 trillion as at end June 2023, exceeding banking sector total…
Forex market liquidity tight
November 24, 2023
Forex market liquidity tight
Foreign exchange market liquidity remains tight with demand outpacing supply, thereby putting pressures on the local currency, Business News has…
Govt urged to focuson structural problems
November 23, 2023
Govt urged to focuson structural problems
Economic analysts have urged the government to focus on the “structural problems” that led to the devaluation of the kwacha…
SMEs urge Treasury to formalise incentives
November 23, 2023
SMEs urge Treasury to formalise incentives
Chamber for Small and Medium Enterprises Association (Smea) has urged Treasury to come up with incentives to stimulate growth of…
Narrowing financing gap critical, says IMF
November 23, 2023
Narrowing financing gap critical, says IMF
Financing debt and imports will remain a challenge for Malawi despite improvements in filling the gap unless the country’s unsustainable…
Imports cost rise Hits transporters
November 22, 2023
Imports cost rise Hits transporters
Local importers will pay more to transport goods due to rising freight costs, translating to expensive imported goods and rising…
World Bank approvesK102bn imports facility
November 22, 2023
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…
Kwacha fall hits pensioners hard
November 21, 2023
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…