Business

Malawi public external debt shoots up to K412bn

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

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

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

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

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

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?

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

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

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

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

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

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

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

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

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

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

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

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

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

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…
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