Current account deficit to narrow to 13.1—firm
Malawi’s overall current account deficit is expected to narrow from an estimated 15.8 percent of gross domestic product (GDP) in...
Business News
Covid-19 hits hard hospitality workers
The ripple effects of the novel coronavirus (Covid-19) has forced the hospitality industry to continue operating at a loss following...
MRA shields taxpayers against covid-19
The Malawi Revenue Authority (MRA) says it is pleased with the implementation of various preventive measures that it has put...
MCTU takes on RBM Over pension funds
Malawi Congress of Trade Unions (MCTU) has written the Reserve Bank of Malawi (RBM) to issue a directive to allow...
Artisanal miners meeting set for August
Nyasa Mining Cooperative (NMC) plans to hold the 2020 Artisanal Small Miners (ASMs) Annual General Conference in August in Lilongwe...
Ministry banks on Sadc e-certificate to boost trade
Ministry of Industry and Trade says the Southern Africa Development Community (Sadc) electronic certificate of origin(eCoO) provision will help eliminate...
Icon Properties plc posts K7.4bn profit
Malawi Stock Exchange (MSE)-listed property development and management firm, Icon Properties plc, has posted a K7.4 billion profit in the...
Treasury’s borrowing from banks rising
Treasury is still borrowing heavily from commercial banks instead of the central bank, recent Reserve Bank of Malawi (RBM) figures...
Tedzani IV construction at 84% completion
Electricity Generation Company of Malawi (Egenco) says construction works to add 18 megawatts (MW) to Tedzani Hydro Power Station in...
Inflation eases to 9.4%
Malawi’s year-on-year inflation eased by 0.4 percentage points to 9.4 percent in April, published figures from the National Statistical Office...
Medf receives K5.2bn business loan applications
Malawi Enterprises Development Fund (Medf) says it has received loan applications worth K5.2 billion from groups and individuals nationwide seeking...
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...
Cash transfers yet to impact poverty
Despite the overwhelming positive evidence on the effectiveness of cash transfers in Malawi, their current benefit levels are too low...
Businesses praise tax relief window
Local businesses have welcomed the recently-introduced Voluntary Compliance Window (WCW) by the Malawi Revenue Authority (MRA), saying it is as...
E-commerce important tool in Covid-19 fight—WTO
The nature of Covid-19 and its impact on economies underscores the need for countries to capitalise on e-commerce and strengthen...
FDH donates to Blantyre DHO
FDH Bank on Wednesday donated K3.2 million worth of medical equipment to the Blantyre District Health Office (DHO) to assist...
Banks overwhelmed
Bankers Association of Malawi (BAM) says borrowers are overwhelming commercial banks with request for a three-month debt relief although most...
Sugarcane farmers protest prices, want regulatory framework
Some sugarcane farmers in Nkhotakota say they are contemplating on switching to other cash crops due to low produce prices....
IT programmer develops
Self-taught information technology specialist Kondwani Mushali says locally developed computer and mobile applications could save foreign exchange and assist Ministry...
Of prices, fair competition and consumer welfare
Around the 90s, Malawi liberalised its economy, deregulated its markets and consequently privatised state owned enterprises. Arguably, governments including Malawi...
