AHL Commodities Exchange now running in Malawi
Operations for AHL Commodities Exchange (AHCX), a subsidiary of Auction Holdings Limited, are now running full throttle coordinated from its main base in Lilongwe. AHL has invested about US$10 million...
View ArticleNational Bank of Malawi reduces lending rate
National Bank of Malawi (NBM) has reduced its base lending rate by five percentage points to 35 percent from 40 percent effective August 1, according to a statement released by NBM Corporate affairs...
View ArticleMillions of shares traded on Malawi Stock Exchange
There were substantial transactions last week at the Malawi Stock Exchange (MSE) as the market recorded trading activity in 10 counters leading to the trading of 16.1 million shares. According to the...
View ArticleMalawi tobacco sales now at $333m: Chinkhoma Auction Floors closes
The Tobacco Control Commission (TCC) has said the 20 week of the tobacco selling marketing season has so far earned the economy $333 million in revenue. TCC chief executive officer Bruce Munthali said...
View ArticleMalawian dies on duty at Kayelekera Uranium Mine in Karonga
Paladin said on Wednesday that it has suffered a work place fatality at its Kayelekera Mine in the northern Malawi’s Karonga district. The company said in a news release seen by Nyasa Times that a...
View ArticleNational Bank of Malawi posts K6.3bn net profit
The board of directors for National Bank of Malawi (NBM) says the bank has raked in an 85 percent net profit increase for the half year period ended June 30, 2013, representing K6.3 billion up from...
View ArticlePaladin’s Malawi mine temporally shut down
Paladin Africa, an Australian Company which runs the Kayelekera Uranium Mine in Malawi’s northern district of Karonga has temporally shut down the mine due to lack of chemicals which is used to mix...
View ArticleMalawi’s First Merchant Bank amasses K3.5bn in profits for six months
First Merchant Bank (FMB) has said it managed to register profits after tax of K3.558 billion for the six months period ended June 30, 2013. This translates into over 100% of profits in comparison with...
View ArticlePaladin in trading halt: Malawi mine temporary closes
Uranium miner Paladin Energy Ltd has halted trading in its shares as it prepared to announce an update on its strategic initiatives to reduce its debt. In a statement to the Australian Securities...
View ArticleTNM introduces free life insurance for customers under Moyo Cover
One of the country’s mobile operators, Telekom Networks Malawi Limited (TNM) has becoming the first to offer a mobile life insurance service, Moyo Cover, through Mpamba Mobile Money initiative. The...
View ArticleKenya Airways launches Nairobi-Blantyre flights
Travellers from Nairobi to Blantyre will now have a relief as Kenya Airways (KQ)has for the first time launched a direct route from Kenya’s capital Nairobi to Malawi’s commercial city Blantyre. Kenya...
View ArticleCAMA bemoans TNM, Airtel’s rate of inefficiencies
Annoyed with what it has described as high rate of inefficiencies in its services, the Consumers Association of Malawi (CAMA) has asked the Malawi Communications Regulatory Authority (MACRA) to ensure...
View ArticleMalawi’s tobacco earnings now at $347.5million – AHL
Auction Holdings Limited (AHL), a company that provides platform for tobacco trading in Malawi through the country’s four auction floors, has said tobacco earnings have so far reached $347.5 million up...
View ArticleMalawi businesses eye Sadc summit
After failing to make money through hosting of Malawi’s first African Union (AU) summit last year, an opportunity has come again for local entrepreneurs and established businesses to earn more and...
View ArticlePaladin trading woes: Malawi gov’t in the dark
Malawi government officials were in the dark that uranium miner Paladin Energy is selling shares to raise about $78 million)to bolster funding which Paladin Africa mining in Malawi at Kayelekera in...
View ArticleTrading drops to 1.9m shares on Malawi Stock Exchange
FDH Stockbrokers said the Malawi Stock Exchange (MSE) last week recorded a dreary volume of 1.6 million shares changing hands for a consideration of K19.1 million compared to 16 million shares traded...
View ArticleAnxiety over Malawi forex reserves as tobacco season closes
Some players in the Malawi economy have expressed anxiety over how the country’s economic authorities will manage the oncoming lean season from September to March next year without the local currency,...
View ArticleKyungu halts mining activities of new China company: ‘We are not fools’
Paramount Chief Kyungu of Malawi’s northern district of Karonga has lambasted government authorities for issuing mining licenses to foreign investors to start mining in his area without informing “the...
View ArticleMalawi Minister Mpinganjira launches irrigation project in Machinga
Malawi’s Minister of Water Development and Irrigation Brown Mpinganjira on Wednesday launched the African Development Bank (AfDB) funded Small scale Irrigation and Value Addition Project (Sivap) in...
View ArticleFinancial sector profiteers from Reserve Bank of Malawi’s tight monetary policy
The ongoing tight monetary policy stance taken by Malawi’s financial sector regulator, Reserve Bank of Malawi (RBM) is partially contributing to the one-sided profiteering the country is experiencing....
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