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Business News
Malawi pledges support on regional tea market
Malawi Government has pledged its support to the tea industry on its plans to develop the Limbe Tea Auction into…
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Business News
Tea industry bonus payout jumps 148%
The Tea Association of Malawi (Taml) has paid out a record bonus of K13.26 (about $0.03) per kilogramme (kg) of…
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Business News
National Bank weighs in on IMF, Norway decisions
National Bank of Malawi (NBM) says the IMF’s decision to delay the approval of $20 million [K8 billion] under the…
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Business News
Illovo shares increase by 3.2%
Investors’ demand for Illovo Sugar (Malawi) Limited and Standard Bank stocks pushed up their prices, raising the local bourse’s two…
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Business News
Development agreement talks still on—Globe
Globe Metals and Mining, an Australian mining company exploring for niobium at Kanyika in Mzimba, says progress on the development…
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Business News
Sugar export earnings rise
Malawi’s year-on-year cumulative export earnings for sugar, one of the country’s critical foreign exchange earners, peaked at $48.2 million, a…
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Business News
MRA beats monthly, quarterly targets
The Malawi Revenue Authority (MRA) has beaten its monthly and quarterly targets but under-performed in import duty and fringe benefit…
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Malawi slumps on World Bank Doing Business Index
Malawi has slumped 10 places on the latest World Bank Doing Business 2014 (DB14) report, improving on one indicator out of 10,…
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Malawi tea revenue drops 34%
Revenue from tea, one of Malawi’s major foreign exchange earners, stood at $12 million (K4.8 billion), a 33.7 percent drop…
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Business News
Partnership deal buoys Nico Holdings share price
Nico Holdings Limited’s 5.6 percent jump in share price could be attributed to a ‘successful’ equity partnership deal with Sanlam,…
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Business News
Illovo posts K41bn revenue
Sugar manufacturer Illovo Sugar (Malawi) Limited has reported half year revenue of K40.9 billion (about $102m), 32 percent above the…
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Business News
Revised tobacco law at advanced stage—TCC
The process of revising legislation that governs the country’s key cash crop, tobacco is at an advanced stage and will…
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Business News
RBM for financial literacy in schools
The Reserve Bank of Malawi (RBM) has engaged an extra gear to ensure that financial literacy is instilled in school…
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Business News
MRA to collect K10BN during VCW
The Malawi Revenue Authority (MRA) plans to collect close to K10 billion ($25 million) during the three-month Voluntary Compliance Window…
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TNM pays first claim on Moyo cover
TNM has paid K550 000 (US$1 486) to Morton Mwafulirwa of Rumphi to cover funeral expenses for his deceased dear…
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Business News
Inflation drop puzzles economist, consumers
Malawi’s year-on-year inflation rate which has dropped to 21.7 percent in September 2013 has stunned an economist and consumers who…
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Business News
Tanzanian firm lays fibre optic cable
A Tanzania telecommunications firm, SimbaNet has won a $20 million [K8 billion] World Bank-funded Regional Communication Infrastructure Programme Malawi (RCIPMW)…
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Business News
Cear to rehabilitate Limbe-Nkaya-Nayuchi line
Malawi Government has reviewed the concession agreement with Central East African Railways (Cear) due to change in the current environment…
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Business News
MW Airlines rollout time beyond us—PPPC
The Public Private Partnership Commission (PPPC) says the current process to have Malawian Airlines Limited rollout its services is technical…
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Business News
IP rights protection Fosters development
Government has said the granting and protection of Intellectual Property (IP) rights encourages and fosters creativity and ingenuity in technical,…
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