MyBucks Malawi profit up 130% to K1.8bn
MyBucks Banking Corporation Malawi has posted a 130 percent increase in profit after-tax in the half-year ended June 30 2020...
NBS Bank turnaround strategy on track, profit up 102%
NBS Bank plc, which has posted a 102 percent profit after-tax increase in the year ended June 30 2020, has...
FDH group profit up 18% to K5.8bn
FDH Financial Holdings Limited, the parent company of FDH Bank, has posted a half-year profit of K5.87 billion, an 18...
Investment advisory firms assess FDH Bank IPO
Five investment advisory firms have generally agreed that FDH Bank, whose Initial Public Offer (IPO) closes Friday, is a long-term...
Mpatsa Holdings acquires 49% stake in MyBucks
Frankfurt-listed Fintech MyBucks S.A., the parent company of MyBucks Malawi, says it has agreed to reduce its shareholding in the...
Green Belt woos private sector on irrigation projects
The Green Belt Authority (GBA), a government agency that manages irrigation projects, has called on the local private sector to...
Standard Bank promotes Africa-China trade
Standard Bank plc says it still has the capacity to help local customers manage ongoing importation processes from China despite...
FDH Holdings profit up 44% to K11.3bn
Financial services group FDH Financial Holdings Limited has reported a 44 percent growth in profit after-tax to K11.3 billion in...
Airtel Malawi IPO closes tomorrow
The investing public has until the close of business tomorrow to buy 2.2 billion shares of Airtel Malawi, to enable...
FDH Bank, EIB sign K6bn deal to support businesses
FDH Bank and the European Investment Bank (EIB) have signed their first loan agreement that will support private sector investment...
Fight illegal forex trade, dealers dared
The Reserve Bank of Malawi (RBM) has warned financial market dealers not to be used as a conduit for foreign...
Development needs sense of urgency—Lumumba
Institute of Chartered Accountants in Malawi (Icam) lakeshore conference wound up on a high note on Saturday in Mangochi, with...
Judge Ntaba chides corruption
High Court Judge Zione Ntaba has called for aggressive fight against corruption if the country is to make strides in...
Vale moves to ramp up output at Moatize Mine
Vale, a Brazillian multinational mining and logistics firm, has ramped up production of coal at Moatize Mine in Tete, Mozambique,...
TNM plc H1 profit down 3%
TNM plc first-half profit dropped by three percent to K6.7 billion from K6.9 billion during the same period last year,...
Insurers told to adapt to change or crumble
With Malawi’s insurance penetration stuck at paltry 1.4 percent, a former insurance guru has advised firms to adapt to the...
Icon Properties plc posts K1.28bn profit in 2 months
Icon Properties plc, a subsidiary of Nico Holdings plc and listed on Malawi Stock Exchange (MSE) early this year, has...
FDH Bank more than doubles H1 profit
FDH Bank, which is on a path to list on the 14-counter Malawi Stock Exchange (MSE) by June 2020, has...
Cotton global demand, prices on the rise
Local netball powerhouse Kukoma Diamonds have set out on a drive to beef up its squad as they look forward...
Egenco needs K3.2tn for energy projects
Electricity Generation Company (Malawi) Limited (Egenco) has set ambitious targets in its 15-year strategic plan, which will require $4.3 billion...
