Business
Economic climate forces Standard Bank to cut rates
February 21, 2014
Economic climate forces Standard Bank to cut rates
Standard Bank (Malawi) Limited on Thursday followed the path taken by National Bank of Malawi (NBM) to reduce its interest…
Fitch rates Malawi as highly speculative
February 21, 2014
Fitch rates Malawi as highly speculative
Credit rating agency Fitch has rated Malawi as B minus—non investment highly speculative grade—in both long-term local and foreign currency,…
Mr Price winding up operations in Malawi
February 21, 2014
Mr Price winding up operations in Malawi
It came into Malawi amid pomp and fanfare four or so years ago, but that will soon be history for…
Kayekekera closure to hamper growth
February 20, 2014
Kayekekera closure to hamper growth
Malawi’s growth prospects for the year 2014 will likely be revised downwards following the suspension of production at Malawi’s biggest…
CfSC blasts govt over high fuel prices
February 20, 2014
CfSC blasts govt over high fuel prices
The Lilongwe-based Centre for Social Concern (CfSC) has said it is alarmed by the rate at which fuel prices are…
NBM cuts lending rates to 36%
February 19, 2014
NBM cuts lending rates to 36%
Relief. National Bank of Malawi (NBM), the Malawi Stock Exchange (MSE)-listed biggest bank in terms of assets, has cut its…
BWB in K40m phase two of prepaid meters project
February 19, 2014
BWB in K40m phase two of prepaid meters project
Blantyre Water Board (BWB) has embarked on a K40 million ($100 000) second phase of installation of pre-paid billing meters…
Malawi to decentralise paying system
February 19, 2014
Malawi to decentralise paying system
Teachers in the country will soon afford a smile after being assured of early payment of their monthly salaries as…
TNM commits to a green Malawi, plants 5 000 trees
February 19, 2014
TNM commits to a green Malawi, plants 5 000 trees
TNM, one of the country’s mobile phone providers, has led in efforts to turn Malawi green by planting 5 000…
CFTC lines up public lectures on fair trading
February 19, 2014
CFTC lines up public lectures on fair trading
Competition and Fair Trading Commission (CFTC) has embarked on a series of public lectures on competition and fair trading law.…
Malawi earns K1.7 billion from mining royalties
February 18, 2014
Malawi earns K1.7 billion from mining royalties
Malawi Government, through the Ministry of Mining says it collected K1.7 billion (about $4.2m) from royalties and other fees in…
Malawi lags on trade in services
February 18, 2014
Malawi lags on trade in services
Malawi lagged behind on trade in services compared to its neighbours having exported $75 million (K33 billion) in 2012 signalling…
UAE donates 13 500 metric tonnes of maize to Malawi
February 18, 2014
UAE donates 13 500 metric tonnes of maize to Malawi
Government of the United Arab Emirates through the Khalifa Bin Zayed Al Nahyan Foundation has donated 13 500 metric tonnes…
Delayed payments cost Roads Authority K1.8 billion
February 18, 2014
Delayed payments cost Roads Authority K1.8 billion
The Roads Authority (RA) paid over K1.8 billion (about $4.5m) interest for delayed payments in 2012/2013 financial year, a summary…
Malawi T-bills volume up 260%
February 18, 2014
Malawi T-bills volume up 260%
Weekly treasury bills (T-bills) volume, a type of government securities have risen by more than 260 percent to K4 billion…
Umodzi Consulting to promote women entrepreneurs
February 18, 2014
Umodzi Consulting to promote women entrepreneurs
Umodzi Consulting junior Consultant Kennedy Phiri says women entrepreneurs have the capacity to grow their businesses because they are hard-working…
RBM amended Act to curb borrowing
February 17, 2014
RBM amended Act to curb borrowing
Plans are underway to lower the limit of Reserve Bank of Malawi (RBM) advances to Malawi Government to 10 percent…
Malawian Airlines flies to Johannesburg today
February 17, 2014
Malawian Airlines flies to Johannesburg today
Passengers of Malawian Airlines Limited will today travel on the maiden commercial flight from Lilongwe to Johannesburg via Blantyre on…
Malawi maize most expensive
February 17, 2014
Malawi maize most expensive
Malawi maize is one of the most expensive in the world regardless of the Farm Input Subsidy Programme (Fisp) which…
Tailors reap from Kaunjika
February 17, 2014
Tailors reap from Kaunjika
The need for fitting clothes and latest fads in the fashion circles has created opportunities for people in Lilongwe, especially…