Business
High import tax frustrates dairy industry
August 27, 2013
High import tax frustrates dairy industry
Malawi Milk Producers Association (MMPA), the umbrella organisation for all the dairy farmers in the country, says it is concerned…
Water for People donates motorbike to WUAs
August 27, 2013
Water for People donates motorbike to WUAs
Water for People, an international organisation working towards helping people to have access to clean and safe water in the…
Chinese imports jump 120 percent
August 27, 2013
Chinese imports jump 120 percent
Malawi imports from China jumped by a staggering 120 percent to $249 million in 2012, from $113 million in 2011,…
Private sector attracted K414 billion FDI—NSO
August 27, 2013
Private sector attracted K414 billion FDI—NSO
Malawi’s private sector alone attracted about K414 billion ($1.2 billion) Foreign Direct Investment (FDI) in 2010, the National Statistical Office…
Luanar students develop new food products
August 27, 2013
Luanar students develop new food products
Lilongwe University of Agriculture and Natural Resources (Luanar) home economics and human nutrition students have developed about 15 new food…
Unit Trust funds experiences rapid growth
August 27, 2013
Unit Trust funds experiences rapid growth
Old Mutual Unit Trust a subsidiary of Old Mutual, has gained the confidence of investors in Malawi since it was…
25 Malawians get Botswana full scholarships
August 27, 2013
25 Malawians get Botswana full scholarships
Deputy Minister of Education, Science and Technology Chikumbutso Hiwa has said the government of Botswana has awarded 25 scholarships to…
Malawi kwacha slips against major currencies
August 26, 2013
Malawi kwacha slips against major currencies
The Malawi kwacha slipped against major trading foreign currencies—the dollar, the pound sterling and the euro—over the last four weeks,…
Demand pushes stock prices up
August 26, 2013
Demand pushes stock prices up
Demand for some stocks on the 14-counter Malawi Stock Exchange (MSE) last week continued to heighten trade resulting in six…
Interbank rates at 17 percent
August 26, 2013
Interbank rates at 17 percent
Interbank lending rates dropped to 17 percent, while required reserves rose to over K42.4 billion on August 21, a sign…
Globe Metals encouraged by results
August 26, 2013
Globe Metals encouraged by results
Globe Metals and Mining, an Australian Securities Exchange (ASX)-listed miner, says it is encouraged by results on the mine’s engineering…
Malawi cost of living up on maize account
August 24, 2013
Malawi cost of living up on maize account
The cost of living in Malawi’s cities of Lilongwe, Zomba, Blantyre and Mzuzu marginally went up to K102 796.75 (about…
Malawi competition commission probes private schools
August 24, 2013
Malawi competition commission probes private schools
Malawi Competition and Fair Trading Commission (CFTC) is investigating private schools for allegedly violating provisions under fair trading practices. In…
Malawi All Share Index inches upwards
August 21, 2013
Malawi All Share Index inches upwards
Four of Malawi Stock Exchange (MSE) counters—FMB, National Bank of Malawi (NBM), Standard Bank and Old Mutual Limited (OML)—gained in…
TNM profits up 38 percent
August 21, 2013
TNM profits up 38 percent
Telekom Networks Malawi (TNM) profits for the period ended June 30 2013 rose 38 percent compared to the prior corresponding…
Malawi exports slump by 16 percent
August 21, 2013
Malawi exports slump by 16 percent
Malawi’s 2012 total exports to the rest of the world slumped by 16 percent to $1.27 billion from $1.53 billion…
Mejn for better cotton markets and production
August 21, 2013
Mejn for better cotton markets and production
In an effort to encourage cotton production in the country, the Malawi Economic Justice Network (Mejn) has set its target…
Malawi hosts Sadc sugar conference
August 21, 2013
Malawi hosts Sadc sugar conference
Malawi is hosting an annual conference of the Federation of Southern Africa (Sadc) Sugar Producers in Blantyre from Tuesday to…
AHCX projects higher commodity prices this week
August 21, 2013
AHCX projects higher commodity prices this week
Auction Holdings Limited Commodities Exchange (AHCX) expects higher prices this week due to improved quality thereby benefitting farmers, aggregators, and…
Bank rules out massive kwacha depreciation
August 20, 2013
Bank rules out massive kwacha depreciation
One of the country’s biggest commercial banks, Standard Bank Malawi Limited, has ruled out the possibility of the economy experiencing…