Business
MBS new equipment to cut costs, facilitate trade
February 1, 2014
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
February 1, 2014
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
February 1, 2014
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
January 31, 2014
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
January 31, 2014
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
January 31, 2014
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
January 30, 2014
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
January 30, 2014
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
January 30, 2014
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
January 30, 2014
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
January 30, 2014
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
January 30, 2014
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
January 29, 2014
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
January 29, 2014
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
January 29, 2014
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
January 29, 2014
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
January 29, 2014
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
January 28, 2014
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
January 28, 2014
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
January 27, 2014
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…