Malawi economic recovery plan short of $3.5bn -Govt
Malawi government says it has only managed to raise $1 billion of the $4.5 billion required to fully implement the ongoing Economic Recovery Plan (ERP). This is contained in the ERP’s implementation...
View ArticleShare trading drops on Malawi Stock Exchange
Increasing returns hovering around 40 percent on the money market has led to a decrease of share trading activity on the Malawi Stock Exchange (MSE). A review report for the month of April, 2013 shows...
View ArticleBe a millionaire in Malawi: Indebank launches Mbwe! Mbwe! Mbwe! Promotion
One of the country’s commercial banks, Indebank, has launched the Mbwe! Mbwe! Mbwe! Promotion targeted at fixed deposit account holders and customers stand a chance to win a grand prize of K1.5 million...
View ArticleMalawi to save $36m on drug imports with Crown Pharmaceuticals establishment
Malawi is poised to save $36 million annually from drug imports after the establishment of Crown Pharmaceuticals and Research Laboratories Limited, the Ministry of Industry and Trade has said....
View ArticleMalawi Pres. Banda to attend World Economic Forum on Africa’s economic...
Malawi President Dr Joyce Banda will join fellow leaders at the World Economic Forum in Cape Town in South Africa from May 8 to 10, 2013. According to Presidential Press Secretary, Steven Nhlane, the...
View ArticleKasungu communities hail Malawi public works programme, savings promo
Communities from Senior Chief Kaluluma, T/A Chisemphere and Sub-T/A Chisikwa in Kasungu North Friday hailed public works programme and Community Savings Investment Promotion (Comsip) for economically...
View ArticleMalawi fuel prices to be slashed: Continued appreciation of Kwacha
Malawi government will be reducing petrol and diesel prices from Friday, May 17.Nyasa Times understands that the cut is in response to continued appreciation of the kwacha. Malawi Energy Regulatory...
View ArticleCredit Bureau sues Reserve Bank of Malawi for K218m – report
Blantyre-based firm, Credit Data Reference Bureau Limited, has sued the Reserve Bank of Malawi (RBM) over what it calls failure to compel commercial banks to start releasing customer credit information...
View ArticleGlobe Metals boosts exploration activities: Malawi mining to benefit from...
Globe Metals & Mining has secured more funding from its major shareholder China Mineral Exploration and Development Bureau (ECE) that will be used to boost its exploration activities in Malawi. The...
View ArticleUS$10m trade fund for Malawi exporters to UK
Investment Finance and Distribution Limited says it has set aside a trade finance fund totalling US$10 million (around K4 billion) for companies interested to export products into the United Kingdom....
View ArticlePublic calls for trickle-down effect on Malawi Kwacha gains
Some farmers and the Consumer Association of Malawi (Cama) have called on traders and service providers to be fair to members of the public and reduce prices due to gains that the Kwacha is...
View ArticleFirst Merchant Bank and Telekom Networks Malawi in joint promotion
Telekom Networks Malawi (TNM) and First Merchant Bank (FMB) have launched a joint promotion called Recharge and Win Big to encourage TNM subscribers to recharge their phones through the bank. TNM...
View ArticleMalawi electricity tariffs hiked: Fuel prices cut
Malawians are expected to dig deeper into their pockets following the hiking up of electricity tariffs by Malawi Energy Regulatory Authority (MERA) but have a relief with the reduction of fuel prices....
View ArticleMalawi Crossroads Hotel workers go on strike: Zimbabwean manager under fire
Management of Crossroads Hotel in Lilongwe on Friday got a rude awakening after employees walked off the job demanding better perks and improved working conditions. The development forced some staff in...
View ArticleMalawi govt. threatens to deal with traders who fail to reduce prices
Ministry of Industry and Trade authorities in Malawi are threatening to “bring to book” all traders and service providers who are not reducing prices of their goods and services in response to what...
View ArticleJB back with bang from WEF: 7 foreign companies declare interest to invest in...
At least seven companies that held discussions with the Malawi delegation at the World Economic Forum on Africa which ends Friday in Cape Town, South Africa, have declared their interest to engage into...
View ArticleMalawi Pres. Joyce Banda says battered economy back on track
Malawi’s battered economy is on track and that economic growth is on its way, President Joyce Banda has said. Banda said the country is now able to see signs of economic recovery with the the recent...
View ArticleUnited Arab Emirates investors interested in Malawi
United Arab Emirates investors have expressed interest to invest in various sectors in the country following high level talks government held in Lilongwe with a highly powered delegation from the...
View ArticleMalawi readies for Zambia trade fair – MCCCI
Malawi Confederation of Chambers of Commerce and Industry (MCCCI) says it will encourage its members and the local private sector to participate in this year’s Zambia International Trade Fair. This...
View ArticleKaronga farmers cry over poor cotton prices
Farmers in Malawi’s northern border district of Karonga have expressed disappointment in cotton prices, saying they benefit nothing although the process of cotton involves a lot of labor. This has come...
View Article