Business

Kwacha stability critical

Kwacha stability critical

The Malawi kwacha, which has somewhat stabilised in July thanks to tobacco and donor inflows, marginally lost value against all…
Urban basic needs cost rise 13.2 percent

Urban basic needs cost rise 13.2 percent

The average basic needs basket(BNB) in cities—Lilongwe, Zomba, Blantyre and Mzuzu—has risen by 13.2 percent from K90 504 in January…
Banks respond to improved liquidity

Banks respond to improved liquidity

Banking required reserves—a fraction of commercial bank deposits—rose by about 13 percent to K39.43 billion on July 15, from K34.92…
PCL H1 profit to jump 70%

PCL H1 profit to jump 70%

From the look of things, most of the Malawi Stock Exchange (MSE)—listed companies will enjoy good tidings based on the…
MTA faults shuttle bus tax removal

MTA faults shuttle bus tax removal

The Malawi Tourism Association (MTA) says although welcome, the incentive to remove taxes on shuttle buses offered to hoteliers does…
Ex-soldiers in Mchinji form Comsip Network

Ex-soldiers in Mchinji form Comsip Network

Former soldiers from the Malawi Defence Force (MDF) have regrouped in Mchinji District and formed a group called Retired MDF…
Malawi attracting foreign investment

Malawi attracting foreign investment

A team of 30 business delegates from India will be in Malawi to explore trade and investment opportunities, Malawi Investment…
Malawi tobacco revenue to beat target

Malawi tobacco revenue to beat target

With only a month to the closure of this year’s tobacco marketing season, the leaf’s revenue is fast rising and…
Iata, DCA to review Malawian Airlines plan

Iata, DCA to review Malawian Airlines plan

Ethiopian Airlines Limited, a strategic equity partner in Malawian Airlines Limited with 49 percent shareholding, will have to get a…
RFA launches fraud and corruption prevention policy

RFA launches fraud and corruption prevention policy

Malawi’s Roads Fund Administration (RFA) on Friday launched fraud and corruption policy to promote a culture that is intolerant to fraud and…
BCC confiscates 25 containers

BCC confiscates 25 containers

Blantyre City Council (BCC) has confiscated over 25 containers full of items from businesspeople in Blantyre and Limbe as some…
Sluggish Malawi economic spur corruption and fraud

Sluggish Malawi economic spur corruption and fraud

AMA associates, a newly formed organisation specialised in fraud prevention and risk management, say, Malawi’s sluggish economic development is due…
Malawi inflation eases to 27.9%

Malawi inflation eases to 27.9%

Malawi’s year-on-year inflation rate for June dropped 3.1 percentage points to 27.9 percent from 31 percent in May, the National…
Globe Metals appoints CEO as MD

Globe Metals appoints CEO as MD

Globe Metals and Mining, the Australian Stock Exchange (ASX)—listed company exploring for niobium at Kanyika in Mzimba has appointed the…
Malawi’s trade with EU, US drops

Malawi’s trade with EU, US drops

Malawi’s trade with the European Union (EU) and United States relatively declined between 1996 and 2011, with exports and imports…
Standard Bank named best investment bank in Africa

Standard Bank named best investment bank in Africa

Standard Bank has been named best investment bank in Africa, as well as the best bank in South Africa by…
Real’s H1 profit to jump 20%

Real’s H1 profit to jump 20%

Real Insurance Company of Malawi Limited expects its half-year performance and profitability to be more than 20 percent compared to…
‘MW TO SURVIVE GLOBAL ECONOMIC SLOW-DOWN’

‘MW TO SURVIVE GLOBAL ECONOMIC SLOW-DOWN’

Minister of Industry and Trade Sosten Gwengwe says Malawi will not be greatly affected by the global economic slow-down because…
‘Govt will not abandon greenbelt initiative’

‘Govt will not abandon greenbelt initiative’

Newly-appointed Minister of Irrigation and Water Development Brown Mpinganjira says government will not abandon the Green Belt Initiative (GBI) because…
Setting trends in shoe manufacturing

Setting trends in shoe manufacturing

Local shoe manufacturer, Trend Setters, is on the quest to become the country’s major shoe making company. After working in…
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