Business
Malawi public external debt shoots up to K412bn
July 26, 2013
Malawi public external debt shoots up to K412bn
Malawi’s external debt jumped to $1.2 billion (K412 billion) in March 2013, indicates data provided by the Reserve Bank of…
RBM forex purchases from banks decline
July 26, 2013
RBM forex purchases from banks decline
Sale of forex to the Reserve Bank of Malawi (RBM) has declined, an indication that its demand is picking up…
Puma pumps K350 000 in AEJ’s AGM
July 26, 2013
Puma pumps K350 000 in AEJ’s AGM
Puma Energy on Wednesday pumped the Association of Environmental Journalist in Malawi (AEJ) with K350 000 to assist in its Annual General…
Clear graduates seven service providers
July 26, 2013
Clear graduates seven service providers
The Child Labour Elimination Actions for Real Change (Clear) Project has graduated seven community agents who will be supporting and…
FMB offers scholarships to Mzuni
July 26, 2013
FMB offers scholarships to Mzuni
First Merchant Bank (FMB) on Tuesday donated scholarships worth K1 million (about $2 500) to Mzuzu University (Mzuni) to support oustanding…
Urban land question and squatters
July 26, 2013
Urban land question and squatters
A couple of weeks ago the Blantyre City Assembly demolished illegal settlements at the foot of Soche Hill. Most…
Civil asset recovery: a way to curb looting of resources?
July 26, 2013
Civil asset recovery: a way to curb looting of resources?
In the past few weeks, the media has been awash with news of how the former president, Bingu wa Mutharika…
RBM income jumps 5% in Q1
July 25, 2013
RBM income jumps 5% in Q1
The Reserve Bank of Malawi (RBM) says its income in the first quarter (Q1) of 2013 grew by K12.9 billion…
Malawi moves to ratify Sadc service protocol
July 24, 2013
Malawi moves to ratify Sadc service protocol
Malawi Government has said it will soon ratify the Southern African Development Community (Sadc) protocol on trade in services which…
Malawi to benefit from AfDB’s $125m SMEs funding
July 24, 2013
Malawi to benefit from AfDB’s $125m SMEs funding
Malawi is expected to benefit from a four-year $125 million (K43 billion) African Development Bank (AfDB) Africa Small and Medium…
Mota-Engil retains staff at Malawi ports
July 24, 2013
Mota-Engil retains staff at Malawi ports
Portuguese industrial conglomerate Mota-Engil has maintained about 90 percent of all employees at Malawi’s four major ports who were previously…
Civil servants to benefit from NBM pay day loans
July 24, 2013
Civil servants to benefit from NBM pay day loans
Civil servants who receive their salaries through National Bank of Malawi (NBM) will join all people who get paid through…
Neno nutrition status remains pathetic—study
July 24, 2013
Neno nutrition status remains pathetic—study
Neno district is still lagging behind on better nutrition consumption among the under-five children and expectant mothers, a rapid assessment…
Illovo Malawi touts its business structure
July 23, 2013
Illovo Malawi touts its business structure
Illovo Sugar (Malawi) Limited has said its business structure which combines agriculture and milling operations enhances its productivity through the…
Tobacco revenue beats target, now at $315m
July 23, 2013
Tobacco revenue beats target, now at $315m
Tobacco revenue now stands at $315 million (K108 billion) in the 19 weeks of sales, beating the $300 million (K103…
China, Malawi trade now at $300m
July 23, 2013
China, Malawi trade now at $300m
Chinese Ambassador to Malawi Pan Hejun says the trade volume between Malawi and China jumped to $300 million (K103 billion)…
Economy moves from rescue to recovery—RBM
July 23, 2013
Economy moves from rescue to recovery—RBM
The Reserve Bank of Malawi (RBM) deputy governor (economics) Naomi Ngwira says the country’s economy has moved from “rescue to…
MRA misses June tax revenue target
July 23, 2013
MRA misses June tax revenue target
The Malawi Revenue Authority (MRA) collected K26.5 billion in June 2013, missing its target by K271 million, the tax revenue…
Malawi must encourage NTBs removal—expert
July 23, 2013
Malawi must encourage NTBs removal—expert
Malawi must encourage the removal of non- tariff barriers (NTBs) in Comesa and Sadc to create seamless trade, an expert…
Govt VAT on internet raises rates
July 23, 2013
Govt VAT on internet raises rates
Internet service providers have jacked up their tariffs effective July 2013, apparently contradicting government’s argument on the services. Internet service…