Malawi’s gross forex reserves in slight drop
Information from NBM Capital says the country’s gross official foreign exchange reserves slightly dropped to $464 million from $478 million. The company said gross official import cover was still below...
View ArticleJB befriends the poor in Lowershire, inaugurates cotton ginnery: Pictorial
Malawi’s President Joyce Banda on Tuesday toured the impoverished Landinyu village in Traditional Authority Chimombo in Nsanje district where she visited a project under Mudzi Transformation Trust...
View ArticleNBS Bank 6 months profit increase by 703%
Malawi’s third largest bank, NBS Bank has said it registered a net profit jump of K514 million during the six months review period ended June 30, 2013, up from K63.7 million which it registered during...
View ArticleMSB violates Reserve Bank of Malawi directives, staff claims
The chief executive officer of state-owned commercial bank, the Malawi Savings Bank (MSB, Ian Bonongwe has come under workers fire that he makes a number of key decisions without regard to Reserve...
View ArticleMalawi’s CBR Tours rebrands, offering trip to Brazil World Cup
Fifteen years after its establishment in Malawi, CBR Tours Travel & Resorts has rebranded to reflect the phenomenal services the company offers. The rebranding drive has seen CBR donning a new...
View ArticleTNM exceeds 2 million subscribers in Malawi
Telekom Networks Malawi (TNM) has managed to exceed two million subscribers as of July end, which the company describes as a major milestone in its aggressive growth strategy. The development signifies...
View ArticlePaladin announces monstrous losses whilst Malawian workers continue cost cuts
Paladin Energy, the Australia-based parent company of Kayelekera Mine, announced plans further to boost production at its mines and push ahead with the sale of its Namibian mine whilst more than...
View ArticleTevet to procure equipment for graduates
Technical, Entrepreneurial Vocational Education and Training (Tevet) says plans are underway to procure equipment to be provided to its trainees to ease the challenges of unavailability of tools....
View ArticleJB says Malawi economy recovers, on path to growth
Malawi President Joyce Banda has said that the country’s economy which she found stuttering when she took over power last year from DPP regime is finally on the mend and now registering growth and gave...
View ArticleMalawi gov’t earmarks Monkey Bay as a tourist haven
Government has said it has earmarked Monkey Bay as the country’s strategic tourist destination because of its natural potential to attract tourists worldwide thereby generating the much needed foreign...
View ArticleCarlsberg Chill new Malawi brewed beer unveiled: Pictorial
Carlsberg Malawi on Friday unveiled the new brewed locally larger beer called Carlsberg Chill. During the launch of the beer which took place at the Mustang Sally in Blantyre, Carlsberg Malawi...
View ArticleChakwera faults Malawi gov’t policies on mining
Leader of the opposition Malawi Congress Party (MCP) Dr Lazarus Chakwera has faulted government policy of allowing mining investors into the country anyhow, saying it does not benefit people as there...
View ArticleMalawi tobacco earnings double to $361 mln
Malawi has earned $361 million from tobacco sales this year, more than double its revenues in 2012, helping ease the southern African nation’s normally tight foreign exchange situation less than a year...
View ArticleESCOM says Malawians to break from persistent blackouts
Malawians will break from persistent power blackouts that have rocked the country for more than a week now from next Sunday, Electricity Supply Commission of Malawi (ESCOM) has said. ESCOM announced...
View ArticlePSI Malawi launches Chishango condom promotion raffle: ‘Wassup sweetie’
In a bid to increase the use of condom among sexually active groups, Population Services International (PSI) Malawi has launched a Chishango raffle, dubbed “Wassup Sweetie” promotion. According to a...
View ArticlePaladin’s Kayelekera Mine’s sacked Malawian employee dies
A former employee for Paladin (Africa) Limited working at Kayelekera Uranium Mine in Karonga district, who was sacked while on sickbed at Mwaiwathu Private Hospital after getting injured while on duty,...
View ArticleMalawi poultry production increases despite climate change
Statistics have shown that poultry production in the seven districts under the Blantyre Agriculture Development Division (ADD) has increased since 2010, despite the advent of climate change whose...
View ArticleMalawi hails IFAW for initiative to protect wildlife at Liwonde National Park
A new initiative aimed at decreasing poaching pressure in Liwonde National Park has been launched with government expressing optimism that the project will also reduce human and wildlife conflict in...
View ArticleNational Oil CEO Mdeza gets K1m in Airtel’s ‘Kutola Chikwama’ promo
National Oil Company Chief Executive Officer (CEO) Robert Mdeza on Tuesday expressed excitement after receiving a MK1million cheque in the Kutola Chikwama with Airtel Money Promotion from Airtel...
View ArticleMalawi Kwacha go down on value by 10 %, inflation drops
Malawi currency the Kwacha has continued to weaken against some major foreign currencies such as the US dollar from K350 to K360. So far the Malawi Kwacha’s has lost value by 10 percent points....
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