Business

Sunbird half year profit hits K394m

Sunbird half year profit hits K394m

Sunbird Tourism Limited has posted a K394 million in the half year period ended June 30 2014 representing an 18…
K22bn tax revenue tied in courts

K22bn tax revenue tied in courts

The Malawi Revenue Authority (MRA) has said over K22 billion is tied in court cases and has since proposed the…
CGI commended for recognising Awep Malawi chapter

CGI commended for recognising Awep Malawi chapter

The Malawian chapter of the African Women Entrepreneurship Programme, (Awep) has commended the Clinton Global Initiative (CGI) for recognising the…
Cross-border transactions down 33.7%

Cross-border transactions down 33.7%

Value of cross-border transactions fell by about 33.7 percent in August compared to July while average volume declined by 4.3…
Macra setting up fund for rural areas

Macra setting up fund for rural areas

Malawi Communications Regulatory Authority (Macra) plans to set up a Universal Access Fund (UAF) to help telecommunication operators provide services…
EU commits 3.8m euros for agriculture research, education

EU commits 3.8m euros for agriculture research, education

The European Union (EU) has committed 3.8 million euros (K2 billion) to support agricultural research and education in Malawi as…
Zero coupon bonds to improve firms’ liquidity

Zero coupon bonds to improve firms’ liquidity

Government’s plans to issue zero coupon bonds to contractors and suppliers owed K158 billion in arrears will avail working capital…
Chinese investors ask for more security

Chinese investors ask for more security

Councillor in the Economic and Commercial office of the Embassy of the Peoples’ Republic of China, Wang Jiaxin Hudson says…
Cashgate a result of unethical leadership

Cashgate a result of unethical leadership

CDH Asset Investment general manager Daniel Dunga says Cashgate—the financial scandal involving looting, theft and corruption at Capital Hill, the…
Kwacha in steady decline

Kwacha in steady decline

While the kwacha has been in fairly steady decline over the past week and foreign exchange reserves dwindling, forex market…
APM implores donors on aid

APM implores donors on aid

President Peter Mutharika has implored on Malawi’s bilateral donors to consider resuming their budgetary support to Malawi, saying his government…
Real’s profit up 107%, no dividend declared

Real’s profit up 107%, no dividend declared

Real Insurance Company of Malawi Limited will not pay out dividend in the half-year ended June 30 2014 despite posting…
Cicod invests K48m in modern latrines for Lilongwe schools

Cicod invests K48m in modern latrines for Lilongwe schools

Circle for Integrated Community Development (Cicod) has far spent K48 million in construction of modern latrines in six primary school…
CDHIB Prime Rewards doubles customer base

CDHIB Prime Rewards doubles customer base

CDH Investment Bank (CDHIB) has said the ongoing Prime Rewards promotion that has been running since June 2, has doubled…
PWP’s double benefits

PWP’s double benefits

Grace Kaunda, 48, from Chikhasu Village in Senior Chief Kanyenda’s area in Nkhotakota braved insults when she joined Tikondane Community…
Malawi T-bills rates plunge

Malawi T-bills rates plunge

Treasury bills (T-bills) rates—one of the determinants of commercial bank interest rates—fell on all tenors in August compared to the…
Malawi explores US market for tobacco

Malawi explores US market for tobacco

Malawi President Peter Mutharika has asked the US-based Universal Leaf Tobacco Company (ULTC) to lobby their government through Congress to…
Smedi vows to improve livelihoods of SMEs

Smedi vows to improve livelihoods of SMEs

Small and Medium Enterprises Development Institute (Smedi) has reiterated its efforts of improving the welfare of small-scale businesses through special…
Banks lend out K500m to farmers through warehouse receipts

Banks lend out K500m to farmers through warehouse receipts

Farmers in the country have received over K500 million (about $1.3m) in loans from commercial banks through the Auction Holdings…
Malawi co-chairs global aid group

Malawi co-chairs global aid group

Malawi is co-chairing the Global Partnership and Advocate for Effective Development Cooperation (GPAEDC), an aid mobilisation tool, and is representing…
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