Business

Malawi to experience longer lean period

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

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

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

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%

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

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

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

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%

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%

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

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

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

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

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

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

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

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

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

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

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…
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