Malawi conglomerate Press Corporation delists from London Stock Exchange
Conglomerate Press Corporation plc has delisted from the London Stock Exchange (LSE) as a global depository receipt following a review of continued benefits of listing on the bourse. PCL board...
View ArticleNational Bank of Malawi partners Growth Africa to support start-ups
National Bank of Malawi (NBM) plc has teamed up with Growth Africa and Mhub to develop and distribute targeted video content to start-up businesses under the Growth Accelerator programme to address...
View ArticleAirtel Malawi reduces pre-paid data tariffs, increase benefits for bundles
Malawi’s leading mobile telecommunications provider Airtel plc has reduced the price of Pay As You Go tariffs from K15 per megabite (MB) to K5 per MB as well as increasing the benefits of eight popular...
View ArticleNBS Bank, Forex Bureau record half-year K3.7bln profit before tax
NBS Bank Plc and NBS Forex Bureau have recorded a profit before tax of MK3.7 billion for the six months ended 30th June 2020 and net profit after tax of MK2.8 billion. The profit before tax is up from...
View ArticleEscom disconnects 20 houses for illegal power supply
The Electricity Supply Corporation of Malawi (ESCOM) on Friday, July 31, disconnected a total of 20 houses at Nthandizi in Bangwe township in Limbe for illegal connection of power supply. Escom has...
View ArticleReserve Bank of Malawi maintains policy rate at 13.5%
Reserve Bank of Malawi (RBM) has maintained the policy rate at 13.5 percent, a move done in view of emerging upward risks to the medium-term inflation path. Newly-appointed RBM Governor, Wilson Banda,...
View ArticleVendors clear garbage at Mzuzu Main Market
Vendors on Friday cleared waste around Mzuzu Main Market which piled up following a two-week sit-in by Mzuzu City Council employees over unpaid salaries. In an interview, Mapini Chicken Sellers...
View ArticleFDH Bank now officially listed on Malawi Stock Exchange
One of the growing commercial banks in the country, FDH Bank has on Monday officially listed on Malawi Stock Exchange (MSE). FDH Bank is now be fifth bank to be listed and pushes the number of...
View ArticleFDH Bank listing on Malawi Stock Exchange offers confidence: Share prices...
FDH Bank plc says its listing on the Malawi Stock Exchange (MSE) on Monday morning will offer confidence to all shareholders that the home grown bank is on its way of realizing its vision of being the...
View ArticleNational Bank of Malawi pension fund swells
National Bank of Malawi (NBM) Unrestricted Fund Pension Fund Limited has merged with Indetrust Limited Pension and Death Benefits Fund and will now be known as NBM PAL Unrestricted Pension Fund. Making...
View ArticleFinance directors in local authorities set to adopt new accounting system
Local authorities have embraced government’s direction to fully implement the International Public Sector Accounting Standards (Ipsas) accrual-based accounting from cash-based accounting as one way of...
View Article10 heads of parastatals face disciplinary action over reforms
Comptroller of Statutory Corporations Steward Ligomeka has said Office of the President and Cabinet (OPC) should discipline 10 heads of parastatals who missed the deadline of submitting reform...
View ArticleMinister Kachale creating enabling environment for private sector, SMEs
Minister of Industry Roy Kachale has told vice-president Saulos Chilima that his ministry is working on reforms to create an enabling and competitive environment for private sector development as a...
View ArticleMalawi should cancel some mining licences – Chilima
Malawi government is taking reforms to mining sector and control the trade in minerals with Vice-President Saulos Chilima holiding orientation meeting with with Minister of Mining Rashid Gaffar and...
View ArticleChilima to launch Malawi development strategy report Thursday
Vice President Salous Chilima ,who is also Minister of Economic Planning and Development and Public Sector Reforms, will on Thursday preside over the official launch of the Malawi Growth and...
View ArticleRay of hope for Malawi’s tobacco industry
Expectations are high that the local tobacco industry will receive a boost from one of the biggest buyers of Malawi tobacco, Phillip Morris International (PMI), following revelations that one of its...
View ArticleCovid-19 seriously disrupts Malawi’s ICT industry
Financial operations in most Malawian companies have been affected by COVID-19 and information and communications and technology (ICT) sector has not been spared from it because most of the ICT...
View ArticleMinister Belekanyama warns against tribalism, regionalism in councils:...
Minister of Local Government and Rural Development Lingson Belekanyama has warned against tribalism and regionalism, saying are affecting implementation of development activities in councils. Speaking...
View ArticleChilima calls for revamp of Sector Working Groups
State vice-president Saulos Chilima, who is also Minister of has called for the revamping of Sector Working Groups in the country. Chilima, who is also Minister of Economic Planning and Development...
View ArticleMGDS III has made noticeable improvements in Malawi
Third Malawi Growth and Development Strategy (MGDS III) has seen the country making some noticeable improvement in ICT, maternal and child health, sanitation, rural electrification, macroeconomic...
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