Business

Local firm launches service to combat corruption in procurement

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

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

 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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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…
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