Forex
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Business News
Forex supply under pressure
Foreign reserves are still under severe pressure with latest market statistics pointing that both gross official and private sector reserves…
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Business News
Government defends currency swap
Malawi’s Finance, Economic Planning and Development Minister, Goodall Gondwe, has defended the recent government transaction that involved the purchasing of…
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Business News
MCCCI blames kwacha fall on panic buying
Malawi Confederation of Chambers of Commerce and Industry (MCCCI) has blamed the recent sharp fall of the local currency on…
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Business News
Tobacco contribution to forex down to 47%
The contribution of tobacco to the country’s foreign exchange revenue has dropped from around 60 percent to an average of…
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Business News
Malawi kwacha hits K520
The kwacha hit K520 against the dollar in commercial banks on Tuesday, a loss of about 20 percent within two…
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Business News
Bumpy ride as tobacco earnings slump
Malawi’s economy should brace for a bumpy ride following projections by the Tobacco Control Commission (TCC) that this year’s earnings…
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Business News
Malawi’s traditional tea markets decline
The United Kingdom (UK), Malawi’s traditional market for tea, the country’s second foreign currency earner after tobacco, seems to be…
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Business News
Malawi central bank arrests kwacha steep gain
The Reserve Bank of Malawi (RBM) says it has effectively arrested the steep appreciation of the kwacha but has also…
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Business News
Tobacco forex up 19%, quickens to $68 million
Tobacco earnings at the country’s auction floors have quickened to $68 million, a figure which represents 19 percent above what…
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Business News
Malawi tea earnings down 14%
Earnings from tea, one of Malawi’s reliable foreign exchange earners, has slumped 14 percent year-on-year to $3.1 million (K1.2 billion,…
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Business News
Golden Forex Bureau reopens in Limbe
Golden Forex Bureau has reopened its Limbe branch with a promise to be leaders of the market by offering competitive…
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Business News
Malawi forex reserves drop 14 percent
Malawi’s gross foreign exchange reserves, official and private sector combined, dropped by about 14 percent to 3.86 months of import…
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Business News
Kwacha gains six percent amid tobacco dollars
The kwacha gained about six percent against the dollar on the back of Reserve Bank of Malawi (RBM) tight monetary…
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