Business

MBS new equipment to cut costs, facilitate trade

MBS new equipment to cut costs, facilitate trade

Malawi Bureau of Standards (MBS) radiochemistry laboratory launched on Thursday will cut costs, ensure health for Malawians and facilitate international…
Kwacha appreciation, forex boost cosmetic

Kwacha appreciation, forex boost cosmetic

The Economic Empowerment Action Group (Eeag) has said the recent appreciation of the kwacha and the rise in foreign exchange…
Struggles that hatched an entrepreneur

Struggles that hatched an entrepreneur

When challenges emerge in life, giving up is the easiest option. But 30-year-old Davie Kachepa tells a different story. He…
Aret, Government tout for extensive afforestation

Aret, Government tout for extensive afforestation

Minister of Environment and Climate Change Management Halima Daudi has said tree planting remains Malawi’s best option to help reduce…
FDH Bank’s Bancassurance to relieve businesses, individuals

FDH Bank’s Bancassurance to relieve businesses, individuals

In response to uncertainties of life, FDH Bank has introduced Bancassurance—an insurance cover product—that aims at selling the bank’s products…
Government loses k90bn to tax defaulters

Government loses k90bn to tax defaulters

The Malawi Revenue Authority (MRA) has revealed that government loses taxes valued at five percent of the country’s GDP, slightly…
Muted resilience of an unbanked majority

Muted resilience of an unbanked majority

The mushrooming of village savings and lending groups is more than just a reminder of how formal banking sidelines the…
Joy for IMF support, but what joy

Joy for IMF support, but what joy

As the cost of living bites prompted by International Monetary Fund (IMF) orchestrated conditions, people are living a painful life.…
Malawi to construct concrete maize silos

Malawi to construct concrete maize silos

Malawi President Joyce Banda has disclosed that her government is going to build concrete silos so that the country has…
MRA to commemorate International Customs Day

MRA to commemorate International Customs Day

Malawi Revenue Authority (MRA) will on January 31, 2014 join the rest of the world in commemorating the International Customs…
Macra urges telephone operators to improve

Macra urges telephone operators to improve

The Malawi Communications Regulatory Authority (Macra) has urged telephone operators—Airtel, TNM, and Access Communications Limited (ACL)—to improve their service delivery…
Malawi ranked riskiest investor destination

Malawi ranked riskiest investor destination

Malawi, characterised by underde-velopment and economic instability, is one of the riskiest investment destinations in the region according to the…
Paladin to still wait for Escom power

Paladin to still wait for Escom power

Paladin (Africa) Limited (PAL), owners of Kayelekera Uranium Mine (KM) in Karonga, will have to wait a while longer before…
Construction of new Airport to cost $250m

Construction of new Airport to cost $250m

The Malawi Government with funding from the China government has earmarked close to K112.5billion for the construction of a new…
Integrity key to solving cashgate—auditors

Integrity key to solving cashgate—auditors

The Institute of Internal Auditors in Malawi (IIAM) says unless Malawians working in both public and private sector embrace a…
Airtel creates 77 millionaires in 90 days

Airtel creates 77 millionaires in 90 days

Airtel Malawi will be wrapping up its Tipate promotion this Thursday, January 30, which will see one lucky subscriber cart…
Gaudy Maluza dead

Gaudy Maluza dead

The brains behind Kanengo Northgate Project—an upmarket residential estate in Lilongwe—Gaudy Maluza has died. Sources have confirmed to Business News…
Malawi commodities exchange in $1bn trade enquiries

Malawi commodities exchange in $1bn trade enquiries

Auction Holdings Commodities Exchange (AHCX), the structured market for agricultural produce in Malawi, says it has registered in excess of…
Battered kwacha in marginal stability

Battered kwacha in marginal stability

After crashing against major trading currencies in 2013, the kwacha has stabilised in the last four weeks, thanks to Reserve…
FMB yearly profit to rise 75 percent

FMB yearly profit to rise 75 percent

First Merchant Bank Limited (FMB), one of Malawi Stock Exchange (MSE)—listed banks, says it expects its after-tax-profit for the year…
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