Gilbert Kachamba – The Nation Online

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Tags: Gilbert Kachamba

MALAWI HAS WORLD’S LOWEST INCOME PER PERSON—REPORT

Dumbani Mzale July 6, 2015 1 Comment Gilbert Kachamba, GNI

Malawi has the world’s lowest gross national income (GNI) per capita, according to a latest World Bank report. GNI per capita is the sum total of finished goods and services produced by residents in a country. In this case, goods produced by Malawians divided by the entire population. It is also a broad-based economic indicator…

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MSB POSTS K2.5BN PRE-TAX PROFIT

Rex Chikoko July 1, 2015 Abel Mwanyungwe, Ecama, Gilbert Kachamba, MSB

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).…

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