Mutharika tells Commonwealth Business Forum that Malawi guarantees security...
Malawian President Peter Mutharika joined African leaders currently participating in the 2018 Commonwealth Heads of Government Meeting (CHOGM) in London at Commonwealth Business Forum on Wednesday at...
View ArticleNew Finance Bank unveils ‘Banki Pakwathu’
New Finance Bank has launched a new product ‘Banki Pakwathu’ which they have said will help advance financial inclusion in the country. The product, according to the bank’s CEO Zandile Shaba, will also...
View ArticleMalawi experts to test body embalming chemical in fresh foods
Ministry of Agriculture has deployed a team of experts to take samples from fresh foods for formalin, a chemical used in the embalming of dead bodies after the chemical traces were found in fish this...
View ArticleNew Malawian-owned Kwacha Airlines to roll out in September
An all Malawian-owned Kwacha Airlines has been granted a licence enabling it to start operating in Malawi on September 1, 2018. Ministry of Transport and Public Works has announced it has awarded...
View ArticleAdmarc pleads for loans to buy maize, other produce
Agricultural Development and Marketing Corporation (Admarc) has pleaded with parliament to authorize loans for the cash-strapped state grain trader, saying it is struggling to operate and cannot but...
View ArticleAuction Holdings Limited posts K44bn loss in just a year
State run tobacco and produce market, Auction Holdings Limited (AHL) has posted a record K44 billion in last year’s season, a revelation that has shocked parliament. Group Head of Risk and Compliance...
View ArticleAHL Group assures MPs on its future
AHL Group has assured Parliament that the company has taken corrective measures to ensure its financial health and business survival following a record K44 billion loss it registered in 2016. Speaking...
View ArticleLivingstonia Synod launches financial cooperative
Church of Central African Presbytery (CCAP) Synod of Livingstonia has launched a financial cooperative which aims to boost economic status of its members. In an interview with Executive Director for...
View ArticleCotton minimum prices set at K375 per KG
The minimum farm gate prices for cotton have been set at K375 per kilogramme from last year’s K320, officials have disclosed. Ministry of Agriculture jointly with the Cotton Council of Malawi (CCM) and...
View ArticleMITC eye $3 billion investments during 2018 Malawi Investment Forum
Malawi Investment Trade Centre (MITC) says it is expecting to host about 400 investors from various countries across the globe, and is targeting to raking in $3 billion in investment pledges during...
View ArticleLow tariffs scare away private sector in Malawi electricity business
State electricity companies Egenco and Escom say the private sector is refusing to venture into the power business unless the government increases the tariffs from the current K73 per kilowatt per hour...
View ArticleMosquito nets used for fishing in Nsanje
Fishers along the Shire River and other fishing grounds in Nsanje District are using mosquito nets for fishing which the Fisheries Department has described a s worrisome. Assistant District Fisheries...
View ArticleIrish Aid happy with pace of food diversification in Malawi
The Irish government through Irish Aid says it is impressed with the pace and interest people in the country have towards the issue of food diversification. Irish Aid development specialist, Anne...
View ArticleParliamentary committee satisfied with National Fiber Backbone Project progress
The Media, Information and Communication Committee has disclosed that it is impressed with the progress made on the implementation of the National Fiber Backbone Project. Samuel Kawale, who chairs the...
View ArticleMalawi and Zambia sign tourism pact: ‘Let’s not look at each other as...
Malawi and Zambia government on Thursday sign a bilateral Memorandum of Understand (MoU) on cooperation in field of tourism at Bingu International Convention Centre (BICC) in Lilongwe. Minister of...
View ArticleNBS Bank losses trimmed to K1.1bn: Ngwenya’s turnaround strategy appears to...
The Malawi Stock Exchange (MSE)- listed NBS Bank has trimmed its loss by 74 percent to K1.1 billion in the year ended December 31, 2017, the bank’s financial report reveals. The bank has trimmed the......
View ArticleReserve Bank of Malawi launches pension, insurance awareness campaign
The Reserve Bank of Malawi (RBM) Monday launched a weeklong awareness campaign on the importance of pension and insurance schemes in the country. The campaign will run from April 30 to May 5 next week...
View ArticlePolice impound 22 minibuses in Ntcheu for wrong parking
Police in Ntcheu district have impounded 24 minibuses for wrong parking offences. The move is expected to help reduce road accidents in the district caused by reckless driving and wrong parking....
View ArticleDonbell Mandala elected president of Insurance Association of Malawi
Nico General Chief Executive Officer Donbell Mandala has been elected new president of Insurance Association of Malawi (IAM) replacing Grant Mwenechanya whose term has expired. Mandala was elected at...
View ArticleOpening the Cocoon: Clearing the mists behind oil licenses in Malawi- Part 1
The global Mining sector has for long time been considered an engine for the socio_economic development of many States. Even though Minerals as well as Oil and Gas are finite resources, their...
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