Money Laundering Act under microscope in Malawi
The Money Laundering, Proceeds of Serious Crimes and Terrorist Financing Act is currently under review and will soon be tabled in Parliament by the Ministry of Justice. Revealing the development,...
View ArticleNyasa Investments Ltd to invest $100m in Malawi waste management
Nyasa Investment Limited, a consortium of Malawian and United Kingdom (UK) business individuals has expressed interest to invest in a multibillion company that will manage and recycle waste. Speaking...
View ArticleMalawi fuel prices go up: Kapito says tough times ahead for consumers
Malawi Energy Regulatory Authority (MERA) has again hiked fuel pump prices effective Tuesday 12th November, 2013 citing continued depreciation of the Malawi currency against the United States dollar as...
View ArticleJB for complete Malawi agricultural sector restructuring, distributes cows in...
President Joyce Banda has said that her administration is determined to put a lot of emphasis on restructuring the agricultural sector to enhance economic growth, employment and poverty reduction. She...
View ArticleReserve Bank of Malawi denies complicit in cashgate scandal
Malawi’s Central Bank has said those people who interfered with government abandoned payment system the infamous Integrated Financial Management Information System (IFMIS) did not enter the bank’s...
View ArticleBusinessman bails out farmers on subsidy: Pays K1.3 million
In a bid to contribute to food security and success of Farm Inputs Subsidy Program (Fisp), businessman, Benedicto Chambo has donated K1.3 million to allow farmers in Mangochi North constituency access...
View ArticleMalawi now on ‘cash budgeting’ in procurement – Finance Minister
Malawi government has imposed new cost cutting measures of public procurement of services and materials which will be done on cash basis after major donors announced a freeze in budgetary support...
View ArticleChuka refuses to resign as governor Reserve Bank of Malawi
Reserve Bank of Malawi (RBM) governor Charles Chuka has stood his ground that there is no reason for him to resign despite calls from the Public Accounts Committee (PAC) of Parliament. RBM...
View ArticleAirtel partners Total Malawi on mobile wallet
Airtel Malawi through Airtel money and Total Filling stations have entered into a partnership to enable customers purchase fuel and other lubricants using Airtel money. Announcing the partnership in...
View ArticleKapito dares Escom on plans to hike electricity tariffs: ‘Malawi faces...
Consumer Rights Activist John Kapito has challenged ESCOM on their proposal to Malawi Energy Regulatory Authority ( MERA) that it want to hike its tariffs by 60 per cent. Kapito said ESCOM should not...
View ArticleMalawi economy to stabilize mid 2014 – Central Bank
Reserve Bank of Malawi (RBM) Governor Charles Chuka has said his bank, whose role is to balance economic factors, had put measures that would see the iling economy stabilise half-way next year. Chuka...
View ArticleAsian businesses call for extension of compliance window
The Asian business community in Blantyre and Limbe has called on the Malawi Revenue Authority (MRA) to extend the Voluntary Compliance Window (VCW), saying three months is not enough to assess all...
View ArticleMalawi October tax revenue beats target: MRA collects K37.4 bn
Malawi Revenue Authority (MRA) has managed to collect tax revenue for the month of October amounting to K37.43 billion, representing 20.3 percent higher than the projection. The October generated...
View ArticleSana Cash and Carry mega store to open December: Over 200 jobs to be created
One of Malawi’s chain stores, Sana Cash and Carry will open its mega store in the capital Lilongwe in the first week of December, managing director Rauf Chaudrey and general manager Kalebe Zikabuma...
View ArticleReserve Bank of Malawi dates capital markets sector on securities law
The Reserve Bank of Malawi (RBM) says it recognizes the capital markets sector with a strong legal framework as an infrastructural pillar of a vibrant economic growth and development of a country....
View ArticleMalawi Fiscal Police step up checks on black market forex dealers
Fiscal Police, a wing in Malawi Police Service says it has stepped up checks to impound and arrest illegal sellers of foreign exchange on the black market that often times take advantage and sell forex...
View ArticleMwanza residents threaten to march against Crown Chickens’ ban
Scores of enraged residents at Mwanza Boma have threatened to demonstrate and camp at the District Commissioner’s offices following government’s decision to ban Crown Agro Industries from selling its...
View ArticleAirtel Malawi pumps over US$1m to expand capacity
Leading mobile phone company in the country, Airtel Malawi on Thursday announced the commissioning of its new Data Centre in the commercial capital, Blantyre with a view to increase its capacity to...
View ArticleMalawi misses digital migration deadline for SADC countries
Malawi government authorities are indicating that the country will fail to meet the December 31, 2013 digital switchover deadline set by the Southern African Development Community (SADC). Digital...
View ArticleMzuzu University professor appeals for renewable energy laboratory
Mzuzu University (Mzuni) academician says the institution needs to construct a Renewable Energy Laboratory to enhance hands on experience for students pursuing renewable energy studies in the Faculty...
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