Business
Malawi slams proposed EU tobacco directive
January 27, 2014
Malawi slams proposed EU tobacco directive
Malawi Minister of Industry and Trade Sosten Gwengwe has criticised the proposed adoption of the revised Tobacco Products Directive (TPD)…
Water, fuel prices jump 25 percent
January 27, 2014
Water, fuel prices jump 25 percent
As the kwacha crashed against major trading currencies in 2013, water tariffs and fuel prices jumped by at least 25…
Malawi Airlines set to fly to more destinations
January 27, 2014
Malawi Airlines set to fly to more destinations
Malawian Airlines Limited which takes to sky this week, will fly to more destinations than its successor, Air Malawi, a…
Local government financial system checks overspending
January 25, 2014
Local government financial system checks overspending
The integrated financial system being used in the local councils has reduced workload in finance departments resulting in reduced spending,…
Government assesses mining sector
January 25, 2014
Government assesses mining sector
A team of international and local specialists led by the UK-based Land Use Consultants (LUC) is currently undertaking a strategic…
AHL sets the pace, honours 27 employees
January 24, 2014
AHL sets the pace, honours 27 employees
When one has performed well in a company or school, it is always encouraging to see when parents or management…
EIU inflation forecast counters IMF target
January 24, 2014
EIU inflation forecast counters IMF target
The Economist Intelligence Unit (EIU) has projected Malawi’s average inflation rate of 18.7 percent in 2014, a fall from 28.6…
Malawi’s international reserves lowest in Africa
January 24, 2014
Malawi’s international reserves lowest in Africa
Malawi’s international reserves including gold—assets that can be used for foreign payments between central banks—is one of the lowest in…
Smile Life CEO Stain Singo tells it all
January 24, 2014
Smile Life CEO Stain Singo tells it all
In this interview with Business journalist CHIKONDI CHIYEMBEKEZA, Singo speaks about the company’s operations and prospects for the future. Q:…
Teveta embarks on a business re-engineering path
January 22, 2014
Teveta embarks on a business re-engineering path
It is the desire of every business to be a market leader in its sector of operation. This spirit also…
$295m coal-fired plant ready April
January 22, 2014
$295m coal-fired plant ready April
Construction of the 300 megawatts (MW) coal-fired power plant worth $295 million at Kammwamba in Neno has gathered pace and…
Small businesses group tips development council
January 22, 2014
Small businesses group tips development council
The Small and Medium Enterprises Association (Smea), a grouping of local entrepreneurs, has implored the newly constituted High Level Development…
National Bank ready for election period, plans accordingly
January 22, 2014
National Bank ready for election period, plans accordingly
National Bank of Malawi (NBM), the Malawi Stock Exchange (MSE)—listed largest bank in terms of assets, says it is ready…
Malawi pays K33bn in domestic debt interest
January 22, 2014
Malawi pays K33bn in domestic debt interest
Malawi Government paid over K33.1 billion —about five percent of the National Budget pegged at K640 billion—in interest on domestic…
IMF sees economy rebounding in 2014
January 21, 2014
IMF sees economy rebounding in 2014
The International Monetary Fund (IMF) says the Malawi economy has the potential to recover from the negative impact of cashgate—looting…
Single digit inflation target questioned
January 21, 2014
Single digit inflation target questioned
A local economist has described as ambitious the single digit inflation target by the end of this year as envisioned…
Malawi investment level down 19 %
January 20, 2014
Malawi investment level down 19 %
Malawi attracted $965 million (K434 billion, at the current exchange rate) worth of investment, but that is 19 percent lower…
MRA to sell vehicles not cleared at customs-controlled areas
January 20, 2014
MRA to sell vehicles not cleared at customs-controlled areas
The Malawi Revenue Authority (MRA) says it will sell all the motor vehicles that have exceeded three months at a…
MRA collects K185.6 billion in six months
January 20, 2014
MRA collects K185.6 billion in six months
The Malawi Revenue Authority (MRA) collected over K185.6 billion (about $431m) since July 2013, beating its half year target by…
Tea research foundation unveils new varieties
January 20, 2014
Tea research foundation unveils new varieties
Mulanje-based Tea Research Foundation of Central Africa (TRFCA) has released four new tea cultivars (varieties) for commercial production in the…