Business
Malawi grain reserves fall to 3 percent
August 7, 2013
Malawi grain reserves fall to 3 percent
Malawi’s stocks in the maize silos, the Strategic Grain Reserves (SGR,) stood at a meagre three percent of a target…
Malawi introduces district agriculture fairs
August 7, 2013
Malawi introduces district agriculture fairs
Malawi government has introduced district agriculture fairs with the first one ever held in Rumphi last week under the…
RBM says export diversification key to Malawi economy
August 7, 2013
RBM says export diversification key to Malawi economy
The Malawi economy’s buoyancy from the spillover effects of stagnant growth in advanced economies could be enhanced through a…
Japan joins mineral quest in Malawi
August 7, 2013
Japan joins mineral quest in Malawi
Japan has joined the race to invest in Malawi’s mining sector following news that the two governments are discussing…
Local rights NGO invited at international forum
August 7, 2013
Local rights NGO invited at international forum
A local youthful human rights activist, Manuel Malamba, will be among 70 youth selected to attend the 9th annual…
TNM launches ‘Moyo Cover’ mobile insurance
August 7, 2013
TNM launches ‘Moyo Cover’ mobile insurance
Cellphone network operator TNM, on Friday launched TNM mobile insurance, a revolutionary product that provides free life insurance cover…
Fair trade commission approves FMB, ICB merger
August 7, 2013
Fair trade commission approves FMB, ICB merger
Malawi Competition and Fair Trading Commission (CFTC) has approved the merger of First Merchant Bank (FMB) and International Commercial…
Dossani Trust donates K1.7m to Mawu
August 7, 2013
Dossani Trust donates K1.7m to Mawu
Malawi Writers Union (Mawu) is set to award legendary Malawian authors later this year, and Dossani Trust contributed K1.2…
Loan default likely to continue—RBM
August 6, 2013
Loan default likely to continue—RBM
The Reserve Bank of Malawi said the financial sector is well capitalised, but credit risk remains high with ratio of…
Malawi’s economic recovery fragile—EIU
August 6, 2013
Malawi’s economic recovery fragile—EIU
The Economist Intelligence Unit (EIU) has said Malawi’s economic recovery is fragile and has so far pegged the country’s gross…
FMB K3.5bn profit in line with forecast
August 6, 2013
FMB K3.5bn profit in line with forecast
First Merchant Bank (FMB), whose K3.5 billion after-tax profit in the half year ending June 30 is in line with…
Universal Industries launches new products
August 6, 2013
Universal Industries launches new products
Universal Industries Limited has officially launched Supa Chips and Magic Mornings—its two new products on the market. Speaking at a…
Kenya Airways connects Malawi to key markets
August 6, 2013
Kenya Airways connects Malawi to key markets
Tourists and investors visiting landlocked Malawi had to brave long hours of travel and high costs of transportation. However, signs…
Govt keen to safeguard public finances
August 5, 2013
Govt keen to safeguard public finances
Minister of Finance Ken Lipenga said the government has introduced Integrated Financial Management Information System (Ifmis) to promote accountability in…
Ports to cut transport cost by 30%
August 5, 2013
Ports to cut transport cost by 30%
The rehabilitation of the country’s ports is expected to reduce transportation cost by between 24 percent and 30 percent, consultant…
‘Few women participating in agriculture production’
August 3, 2013
‘Few women participating in agriculture production’
Regional gender coordinator for We Effect Jenifer Sakala says there is limited participation of women in agriculture value chains in…
Years of saving for a salon
August 3, 2013
Years of saving for a salon
Interest in hairdressing for Febbie Siyabu, who comes from Njolomole Village, Traditional Authority Chakhumbira in Ntcheu, dates back to her…
Centre identifies 7 key crops for Malawi
August 3, 2013
Centre identifies 7 key crops for Malawi
The Malawi Investment and Trade Centre (MITC) has identified seven key potential priority crops for investment and business in the…
Kenya Airways launches Blantyre flights today
August 2, 2013
Kenya Airways launches Blantyre flights today
Offering more connectivity to Malawi’s commercial city to the rest of the world, Kenya Airways (KQ) will today (Friday) launch…
NBM interest income triples to K10.3 billion
August 2, 2013
NBM interest income triples to K10.3 billion
National Bank of Malawi (NBM) year-on-year net interest income has almost tripled to K10.3 billion (about $257m) during the year…