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Forex rates stabilise after kwacha ‘floated’

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

 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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

 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

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

 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…
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