Business

Private sector key to job creation—IFC

Private sector key to job creation—IFC

The private sector in developing countries including Malawi can create jobs at a faster rate if policymakers and development institutions…
EAC zero tariffs to benefit big companies—analysts

EAC zero tariffs to benefit big companies—analysts

Malawi’s small and medium-scale enterprises (SMEs) have expressed reservations on prospects that they will benefit from an extension of the…
Agriculture key to economic growth

Agriculture key to economic growth

Malawi’s agriculture sector will remain critical to the government’s Economic Recovery Plan (ERP) and the wider economic growth and development,…
Malawi’s cotton price set to rise

Malawi’s cotton price set to rise

Cotton prices on the Malawi market are likely to jump over last year, the vice- chairperson of Cotton Development Trust…
Don’t relax, RBM tells banks

Don’t relax, RBM tells banks

The Reserve Bank of Malawi (RBM) has asked Malawi banks ‘not to relax’ in their respective business endeavours. RBM deputy…
K4bn hotel under construction in Lilongwe

K4bn hotel under construction in Lilongwe

A K4 billion (about $12.1 million) five-storey hotel is under construction in Malawi’s capital, Lilongwe. The owners are Mantino Limited,…
Oasis furniture in expansion drive

Oasis furniture in expansion drive

Oasis Furniture is planning on expanding its tentacles into the cities of Blantyre and Mzuzu as one way of reaching…
Frequent blackouts costly for businesses

Frequent blackouts costly for businesses

Some Malawi business operators have singled out frequent and unannounced power cuts as a major obstacle to the success of…
MSB says 2012 was success

MSB says 2012 was success

Malawi Savings Bank (MSB) has described 2012 as a successful year for the bank. MSB head of retail and business…
Malawians feel sidelined in construction projects

Malawians feel sidelined in construction projects

The Economic Empowerment Action Group (EEAG) has described as segregation, government’s focus on Indian companies to bid for construction projects…
Malawi export plan to unlock productivity

Malawi export plan to unlock productivity

Malawi’s newly-appointed Minister of Industry and Trade, Sosten Gwengwe, says the recently launched National Export Strategy (Nes) will unlock private…
Don’t blame IMF for our economic mess

Don’t blame IMF for our economic mess

International Monetary Fund (IMF) managing director Christine Lagarde was in the country last week, in what I call a moral…
Nasfam to promote climate friendly agriculture

Nasfam to promote climate friendly agriculture

National Smallholder Farmers Association of Malawi (Nasfam) has said it will scale up its effort to promote climate smart agriculture…
‘Banks ripping off consumers’

‘Banks ripping off consumers’

The Consumers Association of Malawi (Cama) says banks are reaping off consumers through prohibitive charges and, thereby, making huge profits.…
Govt directive angers stationery suppliers

Govt directive angers stationery suppliers

A Malawi government directive that all stationery should be bought from the Central Government Stores has angered the National Association…
Investors shun long term govt securities

Investors shun long term govt securities

Investors are shunning government long-term securities for short term ones, which is an indication that they are uncertain about the…
Lilongwe ‘bridges’ owners losing business

Lilongwe ‘bridges’ owners losing business

Owners of makeshift bridges connecting Tsoka and Lizulu markets in Malawi’s capital, Lilongwe fear they will be pushed out of…
MRA meets November targets

MRA meets November targets

The Malawi Revenue Authority (MRA) in November failed to meet its targets in excise duties, value-added tax (VAT) and corporate…
PCL has new chairperson

PCL has new chairperson

Press Corporation Limited (PCL), the Malawi Stock Exchange (MSE) listed conglomerate has announced the appointment of Clement Chilingulo as its…
Black market fuel prices dip

Black market fuel prices dip

The availability of fuel in most service stations in the country has forced the black market to sell the petroleum…
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