Business

Malawi firms beckoned to Africa’s trade fair in Algeria

Malawi firms beckoned to Africa’s trade fair in Algeria

Export-Import Bank (Afreximbank) executive vice-president for Intra-African Trade Bank, Kanayo Awani, has encouraged African firms including those from Malawi to…
Trade deficit narrows 39.6% to K225bn—RBM

Trade deficit narrows 39.6% to K225bn—RBM

Malawi’s trade deficit narrowed by 39.6 percent to $128.5 million (about K225 billion) in February 2024 from $184.8 million (K323…
Tobacco sales open, price hits $3 per kg

Tobacco sales open, price hits $3 per kg

The 2024 Tobacco Marketing Season officially opened on Monday at Chinkhoma Floors in Kasungu District with the price of the…
March inflation rate drops to 31.8%, food prices ease

March inflation rate drops to 31.8%, food prices ease

Malawi’s year-on-year headline inflation rate for March 2024 declined by 1.7 percentage points to 31.8 percent from 33.5 percent due…
Medium-term inflation rate target difficult, says Fimda

Medium-term inflation rate target difficult, says Fimda

Financial Market Dealers Association (Fimda) has cast doubt on the authorities’ desire to achieve medium-term inflation target of six percent,…
Tourism sector has potential—minister

Tourism sector has potential—minister

Minister of Tourism Vera Kamtukule says Malawi has a huge opportunity to tap from the hidden treasures that lie in…
IPPS to miss 2024 deadline

IPPS to miss 2024 deadline

All Independent Power Producers (IPPs) with planned operational date of 2023/24 will miss the deadline as authorities say apart from…
Analysts tip govt on job-creation

Analysts tip govt on job-creation

Economic analysts have urged government to prioritise job-creation, as opposed to labour exports, to create a pathway for long-term sustainable…
Our standards ensure safety of consumers—MBS

Our standards ensure safety of consumers—MBS

The Malawi Bureau of Standards (MBS) says its mandate does not involve production processes of companies, stressing that producers need…
 Services sector growth outpaces agriculture

 Services sector growth outpaces agriculture

 The services sector is registering the fastest annual growth of 1.8 percent, aaccording to an analysis, a situation commentators say…
World Bank slashes Malawi’s economic growth rate to 2%

World Bank slashes Malawi’s economic growth rate to 2%

 The World Bank has slashed Malawi’s economic growth rate for 2024 to two percent from an earlier projection of 2.8…
Globe Metals calls for proper settlement plan

Globe Metals calls for proper settlement plan

Globe Metals and Mining has urged authorities to develop proper settlement and investment plans to restrict development of squatters on…
Malawi-Mozambique Power link october

Malawi-Mozambique Power link october

Ministry of Energy has set October 2024 as the new deadline for the commissioning of Malawi- Mozambique Power Interconnector Project…
Maize prices ease cost of living

Maize prices ease cost of living

Pressure on the cost of living has eased, increasing by 2.6 percent to K503 876 for a family of six…
MCCCI members to discuss economy

MCCCI members to discuss economy

Malawi Confederation of Chambers of Commerce and Industry (MCCCI)says it seeks to give industry captains an opportunity to brainstorm and…
FCB splashes prizes in Civil Servants Aweluke Promo

FCB splashes prizes in Civil Servants Aweluke Promo

First Capital Bank (FCB) on Thursday splashed various prizes in its first draw of the ongoing Civil Servant Aweluke Promotion.…
Malawi targets mining investors

Malawi targets mining investors

Malawi is hoping to clinch new mining deals during its first-ever mining investment forum scheduled for April 23 to 24…
City councils in rates collection campaign

City councils in rates collection campaign

Three of the country’s four city councils are targeting to collect over K3 billion in city rates in the 2024/25…
Tollgates funds not enough—RFA

Tollgates funds not enough—RFA

Roads Fund Administration (RFA) says the cumulative K9.1 billion raised from tollgates as at February 2024 is not enough to…
NPC lobbies for mining funding

NPC lobbies for mining funding

The National Planning Commission (NPC) says  while funding to the mining sector has increased, more resources are needed to kickstart…
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