Tags: Ecama

Electricity tariffs going up January 1

  Malawians will from New Year’s Day in 2016 start dipping deeper in their pockets to pay for electricity as Malawi Energy Regulatory Authority (Mera) has approved a tariff hike to K53.69 (about $0.08) from the current K40.69 (about $0.06) per kilowatt-hour. This raise comes barely a month after the energy regulator gave Electricity Supply…

‘Malawi agro sector archaic, needs overhaul’

  Malawi’s agricultural sector has been branded inefficient, technologically backward and not in line with the country’s vision of becoming a predominantly exporting nation. Economics Association of Malawi (Ecama) and Civil Society Agriculture Network (CisaNet) point to lack of adequate extension and research services, failure by Lilongwe to strategically allocate resources in the sector and…

MSB POSTS K2.5BN PRE-TAX PROFIT

Wholly State-owned Malawi Savings Bank (MSB), currently undergoing a recapitalisation process that will see government diluting its shareholding, has posted a pre-tax profit of K2.5 billion (US$6 million) between January and May 2015. This represents a 221 percent increase compared to the same period last year when profit before tax was K773 million (US$2 million).…

Malawi tobacco experts meet

Malawi’s controversial Integrated Production System (IPS) of growing tobacco, popularly known as contract farming, comes under heavy scrutiny today [Thursday] by tobacco experts who intend to ascertain the benefits being accrued from the new tobacco marketing system. The tobacco conference, organised by the Economics Association of Malawi (Ecama), will bring together key stakeholders in the…

Businesses severely bleeding—Ecama

Renowned business and leadership consultant Henry Kachaje on Tuesday described the prevailing business environment as hostile, saying if the situation persists, most businesses will close shop for good. “The business environment is not good, to be honest. Inflation rate is still very high and bank lending rates are also high and these are key economic indicators for…

Doubts on Malawi’s 2014 GDP projection

Economic experts have described the 6.3 percent real gross domestic product (GDP) growth rate projection for 2014 as ambitious, forecasting that authorities may be forced to revise the figure downwards in view of prevailing economic situation gripping Malawi. Both the Malawi Government and International Monetary Fund (IMF) are optimistic that the economy would demonstrate strong…