Business
RBM hails Mgodi facility, to ease agents’ liquidity pressure
November 6, 2023
RBM hails Mgodi facility, to ease agents’ liquidity pressure
The Reserve Bank of Malawi (RBM) has described the newly-introduced Mgodi Overdraft Facility as a significant step towards a digitally…
Chamber calls for Kwacha devaluation
November 6, 2023
Chamber calls for Kwacha devaluation
Malawi Confederation of Chambers of Commerce and Industry (MCCCI) has called for devaluation or re-alignment of the kwacha, but only…
RBM sees rising fuel prices in Q4
November 4, 2023
RBM sees rising fuel prices in Q4
The Reserve Bank of Malawi (RBM) has projected domestic fuel prices to be adjusted upwards this quarter (October to December…
World bank project to ease forex burden
November 3, 2023
World bank project to ease forex burden
The World Bank and the Malawi Government have engaged in discussions on a project the multi-lateral lender will act as…
Ecama rues a highly subsidised economy
November 3, 2023
Ecama rues a highly subsidised economy
Economics Association of Malawi (Ecama) says Malawi is a heavily subsidised economy and this has derailed the country from making…
High inflation rate affects consumers’ income, welfare
November 2, 2023
High inflation rate affects consumers’ income, welfare
For nine months up to September this year, Malawi’s inflation rate has averaged 27.7 percent, a development that is affecting…
Treasury positive on budget support
November 2, 2023
Treasury positive on budget support
With just days before the International Monetary Fund (IMF) executive board meets in mid-November to decide on Malawi’s four-year Extended…
MEJN urges action on debt strategies
November 1, 2023
MEJN urges action on debt strategies
Malawi Economic Justice Network (Mejn) has lamented slow progress towards the implementation of debt strategies, urging authorities to speed up…
Mitc downplays forex crisis impact on FDI
November 1, 2023
Mitc downplays forex crisis impact on FDI
Malawi Investment and Trade Centre (Mitc) has downplayed the impact of the forex crisis on foreign direct investment (FDI), saying…
Global fuel price rise under watch
October 31, 2023
Global fuel price rise under watch
The Malawi Energy Regulatory Authority (Mera) says it is closely monitoring the rising global fuel prices as well as the…
Ginnery Corner Sana Cash and Carry Megastore opens
October 31, 2023
Ginnery Corner Sana Cash and Carry Megastore opens
The newly established Ginnery Corner Sana Cash and Carry Megastore in Blantyre opened for business on Friday. The store is…
Finance Minister takes on microfinance institutions
October 31, 2023
Finance Minister takes on microfinance institutions
Minister of Finance and Economic Affairs Simplex Chithyola Banda has urged microfinance institutions (MFIs) in the country to transform the…
Malawi Airlines eyes 3-nation expansion
October 30, 2023
Malawi Airlines eyes 3-nation expansion
Malawi Airlines Limited has unveiled plans to extend its flights to three African nations, namely Mozambique, Rwanda and Uganda as…
Consumers, SMEs rue RBM policy stance
October 30, 2023
Consumers, SMEs rue RBM policy stance
Consumers and small and medium enterprises (SMEs) have expressed reservation with the stance by the Reserve Bank of Malawi (RBM)…
Minister decries proliferation of counterfeit products
October 30, 2023
Minister decries proliferation of counterfeit products
Minister of Trade and Industry Sosten Gwengwe has decried the continued proliferation of counterfeit and smuggled products on the local…
Rainbow Paints support marketers conference
October 29, 2023
Rainbow Paints support marketers conference
Rainbow Paints last week donated K2 million to the Institute of Marketers in Malawi (IMM) in support of their annual…
‘Renewable energy key to industrialisation’
October 28, 2023
‘Renewable energy key to industrialisation’
Renewable Energy Association of Malawi (Reama) vice-president Diliza Nyasulu says investments in renewable energy sources are key to achieving the…
RBM maintains policy rate at 24%
October 27, 2023
RBM maintains policy rate at 24%
The Reserve Bank of Malawi (RBM) has today maintained the policy rate, a key driver of interest rates on loans,…
Forex crisis dampens investment prospects
October 27, 2023
Forex crisis dampens investment prospects
The continued shortage of foreign exchange has started dampening Malawi’s potential to woo investors with the 2023 Absa Africa Financial…
Nocma forges pipeline deal
October 26, 2023
Nocma forges pipeline deal
National Oil Company of Malawi (Nocma) has reached a tentative deal to start transporting fuel out of Beira Port through…