Wednesday, Jun 19th

Business Review

Cost of living twice civil servants’ salaries

Cost of living in Malawian cities rose to K96 255 (about $240) in May, which is about twice the average civil servants’ salaries which stand at K49 294 (about $123) after the February 2013 increment.

Man arrested over fake banknotes in Mzuzu city

Shop owners at Masasa in Mzuzu City have bemoaned circulation of K1 000 counterfeit banknotes in the area due to a group of people who are using them to buy commodities, it has been learnt.

Fisp a waste of resources—Ecama

The Economic Association of Malawi (Ecama) has criticised the implementation of Fisp, saying it is a waste of resources as the poor farmers benefit little.

2013/14 Budget: Dead end ahead

About this time last year, Minister of Finance Ken Lipenga walked into Parliament to present the first Joyce Banda Administration Budget.

Community savings making a difference

Mary Nkhoma of Njowe Village, Traditional Authority ( T/A) Somba in Blantyre will never forget 2010 when her life changed completely for the better. A mother of four, Nkhoma, is among the majority of Malawians who earn their living through farming.

Putting Malawi business reforms under microscope

The fact that Malawi has over the past years grappled to attract more Foreign Direct Investment (FDI) inflows is not anything new.

Kwacha gain hullabaloo: Any justification to reduce prices?

The appreciation of the Malawi kwacha which started early April has brought mixed reactions from a cross section of the populace.

Readers speak out

From you to me on congestion in banks.

Liquidity crunch hits NBS Bank

NBS Bank annual general meeting (AGM) resolved not to pay out dividends to its shareholders on account of the liquidity crunch rocking the bank, the financial market and the economy in general.

‘Malawi must stand against GMOs’

Malawi must stand up against genetically modified organisms (GMOs) to protect their health, the environment and food sovereignty, says the Centre for Environmental Policy and Advocacy (Cepa).