Business
Sunbird half year profit hits K394m
October 1, 2014
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
October 1, 2014
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
October 1, 2014
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%
September 29, 2014
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
September 29, 2014
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
September 29, 2014
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
September 29, 2014
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
September 27, 2014
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
September 27, 2014
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
September 26, 2014
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
September 26, 2014
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
September 26, 2014
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
September 26, 2014
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
September 26, 2014
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
September 25, 2014
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
September 25, 2014
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
September 25, 2014
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
September 24, 2014
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
September 24, 2014
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
September 24, 2014
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…