Business
Local firm launches service to combat corruption in procurement
August 25, 2023
Local firm launches service to combat corruption in procurement
In a concerted effort to tackle corruption in tendering and procurement processes, Product and Business Services Limited (PBSL), a local…
Chakwera engages Illovo Group on diversification
August 25, 2023
Chakwera engages Illovo Group on diversification
President Lazarus Chakwera has asked Illovo Sugar Africa (Pty) Limited to diversify their value chain in Malawi to other crops…
MCCCI in fresh push for Commercial agriculture
August 25, 2023
MCCCI in fresh push for Commercial agriculture
Malawi Confederation of Chambers of Commerce and Industry (MCCCI) has called for deliberate strategies to promote and commercialise agriculture to…
Sky Energy moves to pioneer electric vehicles
August 24, 2023
Sky Energy moves to pioneer electric vehicles
Sky Energy Africa, a local renewable energy start-up launched by 33-year-old entrepreneur Schizzo Thomson, is set to become the first…
Shortage of cement Jolts govt into action
August 24, 2023
Shortage of cement Jolts govt into action
Ministry of Trade and Industry has issued 30 import licences for cement to close the supply gap and curb escalating…
RBM sees light in debt restructuring negotiations
August 22, 2023
RBM sees light in debt restructuring negotiations
The Reserve Bank of Malawi (RBM) says debt restructuring agreements with Afreximbank and Trade and Development Bank could help the…
Global commodity prices’ drop offers little relief
August 22, 2023
Global commodity prices’ drop offers little relief
The Reserve Bank of Malawi (RBM) says the continued price drop for some key commodities such as fertiliser and oil…
Consumers’ buying power declining
August 21, 2023
Consumers’ buying power declining
Consumers’ buying power continues to fall amid continued pressure on inflation rate which has jumped to 28.4 percent largely due…
SMEs cherish FinEs loans
August 19, 2023
SMEs cherish FinEs loans
Small and Medium Enterprises (SMEs) in the country have described as a relief the soft loans offered by the Reserve…
Cama wants DStv wrangle resolved quickly
August 19, 2023
Cama wants DStv wrangle resolved quickly
Consumers Association of Malawi (Cama) has urged Malawi Communications Regulatory Authority (Macra) and MultiChoice Malawi to quickly find solutions that…
Reunion Insurance sponsors K3m for Insurance Institute lakeshore conference
August 18, 2023
Reunion Insurance sponsors K3m for Insurance Institute lakeshore conference
Reunion Insurance Company Limited has given K3 million to the Insurance Institute of Malawi (IIM) as sponsorship for ts annual…
RBM urges EDF to capitalise on financing opportunities
August 18, 2023
RBM urges EDF to capitalise on financing opportunities
Reserve Bank of Malawi (RBM) deputy governor William Matambo has challenged Export Development Fund (EDF) to solicit investments that can…
Social sector funding drops
August 18, 2023
Social sector funding drops
The Malawi Government’s combined allocation to social sectors has fallen over a five-year period from 35 percent of total government…
US-based IT firm enters Malawi market, to enhance data security
August 17, 2023
US-based IT firm enters Malawi market, to enhance data security
United States (US)-based Array Networks Inc has entered the Malawi market through a partnership with local networks and support services…
National savings declining, says IMF
August 17, 2023
National savings declining, says IMF
Malawi’s national savings as a percentage of the gross domestic product (GDP) is projected to decline in the short-term, falling…
Livestock farmers catchhigh maize price cold
August 17, 2023
Livestock farmers catchhigh maize price cold
Livestock farmers in the country are finding it hard to thrive as maize prices, the main component of livestock feed,…
Shares demand, firms’ Profits boost market
August 16, 2023
Shares demand, firms’ Profits boost market
Stock market analysts say demand for shares and the good performance of Malawi Stock Exchange (MSE)-listed firms has brought good…
Non–tax revenue rise brings hope—analysts
August 16, 2023
Non–tax revenue rise brings hope—analysts
The rise in non–tax revenue in the current financial year offers hope for improved revenue collection and budget implementation, analysts…
Mobile money platforms not fully utilised—report
August 15, 2023
Mobile money platforms not fully utilised—report
Despite notable progress made on mobile money evidenced by the increase in both the volume and value of transactions in…
Subdued business hits property sector
August 15, 2023
Subdued business hits property sector
Property management firm Icon Properties plc says stifled business confidence continues to hit the retail property sector as tenants struggle…