Malawi ceases use of old bank notes:RBM extends kwacha exchange
Malawi Government has scraped all bank notes that were in circulation prior to the introduction of new Malawi Kwacha series last year on May 23, the Reserve Bank of Malawi (RBM) has declared. The bank,...
View ArticleMalawi encourages technology advancement among Customs administrations
Malawi Government has appealed to customs administrations in the East and Southern African Region to ensure that they is increased use and upgrading of technologies in customs administrations as a way...
View ArticleNew airline services on Lilongwe-Lusaka route
Trade and tourism ties between Malawi and Zambia will be given a boost next month when Proflight Zambia begins a three-times-a-week service to Lilongwe from Lusaka. The new route, which will be...
View ArticleMalawi Properties Investment Company shareholders deprived of dividends
The board of the only listed property and construction business, the Malawi Property and Investment Company (Mpico) said it is not recommending any dividend for the year 2012. This has been said by...
View ArticleIMF’s to appraise Malawi economic performance in June, says Fin.Minister: 3rd...
The Executive Board of International Monetary Fund (IMF) is expected to jet in the country next month to conduct its third review on economic performance under a program supported by the Extended...
View ArticleMalawi targets top 100 in World Banks’s ease of doing business index
Malawi has said by 2014 it aims at getting into the top 100 of the Ease of Doing Business Index, a survey annually done by the World Bank. Trade and Industry minister of the Sub-Saharan nation Sausten...
View ArticleMalawi assumes World Customs Organisation vice chair office
After government expressed a strong interest on Thursday, Malawi was unanimously elected vice chair of the World Customs Organisation (WCO) on Friday. The development means the country through Malawi...
View ArticleNedbank launches Mzuzu branch, Reserve Bank of Malawi calls for rural banking
Reserve Bank of Malawi (RBM) has called upon banking institutions in the country to take their services to rural areas so that even the rural masses could benefit from their services. Director of Bank...
View ArticleMalawi Kwacha continues its strength against the dollar
The Malawi kwacha continued its appreciation against the world’s reserve currency, United States dollar, climbing to sell at K328 per dollar. Exchange rates monitored at Bureaus and the National Bank...
View ArticleFive companies sell share at Malawi Stock Exchange
Only five of the 14 companies listed at the Malawi Stock Exchange sold their shares last week. The market recorded trading activity in National Bank of Malawi, National Investment Trus Limited, Press...
View ArticleMalawi tobacco sales up 58%, growers express disappointment in pricing
Some irate tobacco growers expressed anger on Wednesday in Limbe after tobacco prices dropped from the initial $2.31 per kg in the morning to $1.08 after midday. This is despite a recent report by the...
View ArticleMalawi gets K16bn from World Bank for budget support
The World Bank Board of Executive Directors Tuesday approved a US$50 million grant (about K16 billion) to the Malawi Government for budget support. World Bank says this is the first in a programmatic...
View ArticlePAC says Malawi kwacha strength may be ‘false hopes’
Officials of Malawi’s interfaith organization, Public Affairs Committee (PAC) say they are very cautious to join what they have described as “current government’s led euphoria” on the appreciation of...
View ArticleMalawi Soyabean production hits record high: Farmers reap from JB’s...
Farmers across the country are all smiles following President Dr. Joyce Banda’s drive to commercialize the agricultural sector by encouraging farmers to grow cash crops. Soon after taking oath of...
View ArticleAlliance Capital calls for realistic ways of wealth creation, poverty reduction
A weekly analysis column by financial company, Alliance Capital Limited has scrutinised national budget with a call to government to consider vying for realistic ways to reduce poverty while creating...
View ArticleLiquidity improves on Malawi’s money market
NBM Capital has said Malawi’s liquidity position in the financial system has significantly improved closing with a surplus of K3.9 billion above the required K36.4 billion. The financial company, a...
View ArticleJapan oil company boss hold talks with Malawi leader
President Joyce Banda, who is in Yokohama, Japan, to attend the TICAD V, on Friday held bilateral discussions with the Executive Director of Japan Oil, Gas and Metals National Corporation (JOGMEC),...
View ArticleMalawi Savings Bank launches ‘Khashi Khashi’ promotion to maintain saving...
The Malawi Savings Bank (MSB) has launched a fixed deposit promotion dubbed ‘Khashi Khashi’, under which customers stand a chance to win cash and instant prizes upon entry. MSB Head of Retail and...
View ArticleMalawi kwacha stabilises at K328/dollar: Annual results push up companies...
Billions of kwachas posted as profits by Illovo and National Bank of Malawi (NBM) has seen an impact this week at the Malawi Stock Exchange (MSE) where the two companies shares registered notable share...
View ArticleWorld Bank Malawi country head winds up tour of duty
After a distinguished service, Sandra Bloemenkamp, World Bank Country Manager for Malawi is leaving the country after ending her three-year tour of duty in the Warm Heart of Africa. The country...
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