Business
Malawi to experience longer lean period
January 14, 2014
Malawi to experience longer lean period
Malawi will experience a longer lean period due to late planting, especially in the Southern Region, a situation that will…
Islamic banking to broaden consumer choice
January 13, 2014
Islamic banking to broaden consumer choice
Two London-based Malawians have backed calls for the establishment of an Islamic finance and banking system in the country. They…
New rail coaches maiden trip on Wednesday
January 13, 2014
New rail coaches maiden trip on Wednesday
Central East African Railways (Cear) has said its new passenger coaches launched in November last year will take their maiden…
Food basket jumps 40% in 2013—CfSC
January 13, 2014
Food basket jumps 40% in 2013—CfSC
The basic needs food basket rose by 40 percent in 2013 to about K70 000 (about $175) and the Centre…
MBL holdings cuts jobs by 60%
January 13, 2014
MBL holdings cuts jobs by 60%
MBL Holdings Limited, the parent company of Mulli Brothers Limited, has downsized its workforce by about 60 percent since mid-2012…
Sim card registration by end 2014
January 11, 2014
Sim card registration by end 2014
The Malawi Regulatory Authority (Macra) has said Malawians will be required to register their prepaid SIM cards by end of…
Sweet Temptation Cake Treats by Sungeni
January 11, 2014
Sweet Temptation Cake Treats by Sungeni
As the catering industry is booming in Malawi, 29-year-old Sungeni Mtalimanja decided to tap into the market by establishing her…
Technology affects photographers
January 11, 2014
Technology affects photographers
Some photographers in the country have complained that the increase in digital and phone cameras is compromising the quality of…
Desperate RBM issues securities at 40%
January 10, 2014
Desperate RBM issues securities at 40%
In a desperate attempt to control money supply and rein in inflation, the Reserve Bank of Malawi (RBM) has issued…
PCL yearly profit to jump 70%
January 10, 2014
PCL yearly profit to jump 70%
Dual-listed conglomerate Press Corporation Limited (PCL) is expected to post a 70 percent rise in after-tax profit in the year…
100 Guoji dream houses ready by May
January 10, 2014
100 Guoji dream houses ready by May
About 100 houses out of the 680 to be built at the Guoji Dream Town in Area 49, Lilongwe will…
More banks raising lending rates
January 10, 2014
More banks raising lending rates
More banks have continued to raise their interest rates Lombard facility introduced by the Reserve Bank of Malawi (RBM) to…
Malawi rural most exposed to price shocks
January 9, 2014
Malawi rural most exposed to price shocks
Price shocks—unexpected changes in the price of agricultural outputs or staple food—affects 42 percent of the rural Malawians, apart from…
Group hails govt reforms, warns on interest rates
January 9, 2014
Group hails govt reforms, warns on interest rates
The Economic Empowerment Action Group (Eeag) has commended government for implementing a number of business reforms but has warned that…
Kwacha in unstoppable fall
January 8, 2014
Kwacha in unstoppable fall
The kwacha continues to lose ground against major trading currencies and has slipped further to K465 to a dollar in…
Local entrepreneurs form group
January 8, 2014
Local entrepreneurs form group
A group of local entrepreneurs has formed an association called Small and Medium Enterprises Association (Smea) to complement efforts by…
Malawi lags on electronic payments
January 8, 2014
Malawi lags on electronic payments
Malawi is lagging behind on electronic payments and debit cards holders in the region at 0.8 percent and 9.4 percent…
Namibian business tycoon to invest in aviation industry
January 8, 2014
Namibian business tycoon to invest in aviation industry
A United States-based Namibian business tycoon Brian Nalisa has expressed interest to invest in airline business in Malawi to provide…
Blantyre district office touts fisheries industry growth
January 8, 2014
Blantyre district office touts fisheries industry growth
The Blantyre district fisheries office has commended the growth of the fisheries sector buoyed by a number of interventions made…
Malawi earns $330m from tobacco exports
January 7, 2014
Malawi earns $330m from tobacco exports
Malawi earned $330.9 million [K149 billion, at the current exchange rate] from tobacco exports between July and December 2013, the…