Sunbird moves to contain risks
Sunbird Tourism plc says it has appropriate structures in place to ensure adequate responses to emerging risks in its operating...
Business News
CfSC, MCTU say K35 000 minimum wage unrealistic
Centre for Social Concern (CfSC) and the Malawi Congress of Trade Unions (MCTU) have faulted Treasury for not adjusting the...
FDI to fall 40% In 2020—report
Malawi is expected to register a 40 percent drop in Foreign Direct Investment (FDI) this year largely due to the...
Admarc seeks money for recapitalisation
The Agricultural Development and Marketing Corporation (Admarc) says it needs $300 million (about K222 billion) for recapitalisation to ensure seamless...
Remittances drop 33% in 5 months
Malawi has recorded a 33 percent drop in remittances from its citizens working or living abroad to $78.96 million (about...
Icam cautions Treasury on borrowing
The Institute of Chartered Accountants in Malawi (Icam) has warned Treasury that increased borrowing in the 2020/21 fiscal year will...
IMF tips treasury on debt
The International Monetary Fund (IMF) says prudent fiscal management is needed to maintain macroeconomic sustainability. IMF resident representative Farayi Gwenhamo...
Traders fault policies on poor performance
The National Working Group on Trade Association says lack of diversification and politicisation of trade policies is stiffing trade activities...
Mushroom farming empowers unemployed youths
Farmers in Malawi grow maize as a staple food crop and once harvested, the remains, consisting of leaves, stalks and...
Oxfam queries Covid-19 cash transfer absence
Oxfam in Malawi has questioned the budget slash for social services and the absence of allocation for the much-touted Covid-19...
Trade deficit narrowed by 5.4% in 2019—report
Malawi’s trade deficit narrowed by 5.4 percent in 2019 as exports outweighed imports, figures from Malawi Government 2020 Annual Economic...
Tourism sector loses K40bn in 3 months
A preliminary study by the Malawi Tourism Council (MTC) shows that the tourism sector has lost about K40.5 billion in potential...
Good tax regime should offer equity—expert
Taxation expert Emmanuel Kaluluma says a good tax regime should be based on equity in which all taxpayers are subjected...
covid-19 to worsen trade gap—OXFAM
Malawi’s trade gap is expected to worsen this year as the country intensifies imports of healthcare related items in the...
Sugarcane growers want contract review
Sugarcane growers have called on Illovo Sugar (Malawi) plc to review prices and contractual agreement between them and the company....
Fum accuses admarc Of frustrating farmers
Farmers Union of Malawi (FUM) has accused the Agricultural Development and Marketing Corporation (Admarc) of failing to buy farm produce...
Commercial banks continue to face liquidity squeeze
Commercial banks’ liquidity position decreased by 75 percent to K6.44 billion in May from K24.04 billion in March, a signal...
‘Low revenue threatens development expenditure’
Economics Association of Malawi (Ecama) says there is likelihood that projected low revenue collection in the 2020/21 fiscal year could...
Tax measures to boost businesses, jobs—expert
Taxation consultant Misheck Msiska says the newly introduced tax measures in the proposed 2020/21 National Budget will help to promote...
Two firms shortlisted for 350MW power project
Public Private Partnership Commission (PPPC) has shortlisted two international energy firms as strategic sponsors for the 350 megawatts (MW) Mpatamanga...
