Court grants RBM stay order in ICT deals case
The High Court on Tuesday put aside a decision of the Public Procurement and Disposal of Assets Authority (PPDA) for...
Firms partner to impart digital skills to young Malawians
Young Malawians, especially women, will make part of a global tech-savvy network of youths to hone digital skills and business...
Court orders RBM to amend its application
The High Court has ordered the Reserve Bank of Malawi (RBM) to amend its application by suing the Public Procurement...
FMBCH year-end profit jumps to $21.2 million
FMB Capital Holdings (FMBCH) plc, the holding company for First Capital Bank operations in Africa, has reported profit after tax...
NBS Bank annual profit up 58% to K7bn
NBS Bank plc has reported a 58 percent increase in profit after-tax to K7 billion in the year ended December...
Standard Bank resilient amid Covid-19, profit 50% up
Standard Bank plc has posted a 50 percent increase in profit after-tax to K23.7 billion in the year ended December...
Local traders, consumers go for smuggled goods
Local traders say they now prefer to be selling smuggled goods to sustain their businesses, observing that some locally-manufactured goods...
Porous borders
Continued smuggling aided by porous borders is hitting local manufacturers hard, threatening their survival and jobs of thousands of Malawians,...
Firm to cut 25% jobs due to VAT on cooking oil
The impact of 16.5 percent value-added tax (VAT) reintroduced on refined cooking oil continues to be felt, with the latest...
Consumers feeling pinch of VAT on cooking oil
A month after Parliament passed the 2020/21 National Budget which introduced 16.5 percent value added tax (VAT) on refined cooking...
Rudevit ready to roll
The Reserve Bank of Malawi (RBM) has granted approval to Rural Development Investment (Rudevit) Holdings plc to raise an initial...
Manufacturers rue rampant smuggling
Manufacturers of cooking oil and wheat flour have decried rampant smuggling due to porous borders, saying if left unchecked it...
Tea industry moves On minimum wage
Tea Association of Malawi (Taml) and the Plantations and Agriculture Workers Union (Pawu) have signed a new collective bargaining agreement...
Egenco moves to ensure reliable power supply
Electricity Generation Company (Egenco) has outlined measures to sustain the current ‘improved’ power generation capacity, including harvesting water in Lake...
APM govt’s cash orgy
Budget documents have shown excess spending in the twilight of former president Peter Mutharika’s administration with State Residences and the...
Comesa moves to ease clearing of goods
The Common Market for Eastern and Southern Africa (Comesa) says the launch of a mobile application will enable the provision...
Some citizens brand 60/40 procurement law unfair
Some concerned citizens have described the proposed regulations to award 60 percent of all contracts under national competitive bidding to...
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...
