Business

Local firm embraces greeninitiatives, introduces EVs

Local firm embraces greeninitiatives, introduces EVs

Mike Appel and Gatto Limited, a local automotive franchise dealer, has unveiled plans to embrace green initiatives by introducing electric…
Treasury backs move  to boost RBM capital

Treasury backs move  to boost RBM capital

The Ministry of Finance and Economic Affairs has justified proposals to recapitalise the Reserve Bank of Malawi (RBM), saying the…
Beating hunger, dry spell with GMO crops

Beating hunger, dry spell with GMO crops

Most farmers in Malawi continue to face effects of climate change such as dry spell and sometimes prolonged rainfall which…
Minister commends WTO meet, adopts declaration

Minister commends WTO meet, adopts declaration

 The 13th Ministerial Conference (MC13) of the World Trade Organisation (WTO) concluded in Abu Dhabi, United Arab Emirates (UAE) with…
 Commitee faults debt Fund roll out delay

 Commitee faults debt Fund roll out delay

 Budget and Finance Committee of Parliament chairperson Gladys Ganda has faulted the delay to roll out the Debt Retirement Fund…
Carbon credit, next source of foreign exchange

Carbon credit, next source of foreign exchange

Amid foreign exchange scarcity, Treasury is banking on carbon credits trading as one avenue of raising forex, with expert analyses…
 World bank wants more women in procurement

 World bank wants more women in procurement

 The World Bank has urged Malawi and other developing countries to implement policies that promote women’s participation in national procurement…
Feasibility studies key in mining sector—Mitc

Feasibility studies key in mining sector—Mitc

 Malawi Investment and Trade Centre (Mitc) says feasibility studies provide investors with the right information on the worth of mining…
 Treasury ups anchor farms, inputs budget

 Treasury ups anchor farms, inputs budget

 There are mixed fortunes for the agriculture sector as Teasury has increased budget allocation to anchor farms and agricultural inputs,…
Research, development key to agro transformation

Research, development key to agro transformation

 Investing in research, development and extension services can help to promote agriculture transformation and unlock its vast potential as a…
Government defends new tax on profits

Government defends new tax on profits

Principal Secretary for Economic Planning and Development in the Ministry of Finance and Economic Affairs Jacob Mazalale has defended the…
Trade deficit narrows in 2023 Q4

Trade deficit narrows in 2023 Q4

Malawi’s trade deficit narrowed by 6.2 percent to $495.8 million at the end of the fourth quarter of 2023, figures…
World Bank tips govt on forex markets

World Bank tips govt on forex markets

Increased coordination between monetary and fiscal policy, better coordination with stakeholders and letting business agents trade freely on forex will…
Vehicle imports decline by 47%

Vehicle imports decline by 47%

The number of vehicles registered with the Directorate of Road Traffic and Safety Services has dropped by 47 percent over…
Funding challenges cripple extractive industry—official

Funding challenges cripple extractive industry—official

The Malawi Extractive Industries and Transparency Initiative (Mweiti) says most of its operations, including the recruitment of staff, are crippled…
US urges investment in mining, tourism to spur growth

US urges investment in mining, tourism to spur growth

United States deputy assistant secretary of State for Africa in the Department of State Joy Basu has joined local institutions…
Ecama hails Treasury move to migrate SOEs accounts

Ecama hails Treasury move to migrate SOEs accounts

The Economics Association of Malawi (Ecama) says the transferring of 22 accounts of parastatals to Reserve Bank of Malawi (RBM)…
MCCCI tips govt on investment, taxes

MCCCI tips govt on investment, taxes

Malawi Confederation of Chambers of Commerce and Industry (MCCCI) has urged government to direct investment to the manufacturing sector and…
Govt tipped on local,foreign investment

Govt tipped on local,foreign investment

Malawi Investment and Trade Centre (Mitc) and the European Union (EU) have urged the Malawi Government to create a conducive…
Mwapata urges social protection increase

Mwapata urges social protection increase

Mwapata Institute has urged the government to increase the scale and scope of its social protection programmes, but some analysts…
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