Business

Economic climate forces Standard Bank to cut rates

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

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

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

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

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%

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

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

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

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

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

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

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

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

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%

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

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

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

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

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

Tailors reap from Kaunjika

The need for fitting clothes and latest fads in the fashion circles has created opportunities for people in Lilongwe, especially…
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