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Limbe floods force FDH Bank closure
Unexpected heavy down pour on Monday in Blantyre and the subsequent flooding of Limbe stream forced FDH bank to remain closed on Tuesday. [caption id="attachment_98119" align="alignright" width="368"]...
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Parliament gets tough on Malawi banks, amends CRB Act
Parliament on Tuesday afternoon endorsed the amendments to the Credit Reference Bureau Act, the development which will not go down well with the country's commercial banks. [caption...
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FMB bank staff ‘living in fear’: Retrenchment looms
Employees of First Merchant Bank (FMB) are living in fear for their future as top management has introduced tough working conditions for some officers with an aim of frustrating them amid strong...
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National Bank of Malawi given 12 months to absorb Indebank operations
The Registrar of Financial Institutions has directed that Indebank operations be merged into National Bank of Malawi (NBM) operations within 12 months effective November 1 2015. [caption...
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Spain assures Malawi of energy, infrastructural development
The new Ambassador of Spain to Malawi, Alicia Moral Revilla says her focus area while in office will be to encourage big Spanish companies to come and invest in Malawi's infrastructural and energy...
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Opportunity Bank sold to MyBucks
Opportunity Bank of Malawi (OIBM) has been sold to one of the renowned international financial lending institutions, Mybucks. [caption id="attachment_98244" align="alignright" width="470"] Ndirande...
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Airtel Malawi creates double excitement in Luchenza
There was a wild celebration in Luchenza on Friday as the leading mobile service provider Airtel opened a new Airtel Express Shop, and donated medical equipment worth K2.6 million to Chonde Health...
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Malawi to align its seed regulations to COMESA system
Malawi is planning to align its seed regulations to the region through Common Market for East and Southern Africa (COMESA) Seed Harmonization Implementation Plan (COMSHIP). [caption...
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FDH bank donates K2m to wives of Malawi Police officers
A local bank, FDH Bank has donated K2 million to the wife's of Policemen in the Malawi Police Service to engage in some small scale businesses that can support them and their families. [caption...
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Fedoma decentralizes operations, forms District Disability Forums
Federation of Disability Organizations in Malawi (Fedoma) has started taking strides to ensure more people with disabilities are participating in development initiatives on district level through...
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Reserve Bank of Malawi celebrates 50 years of existence amid economic...
Malawi's central bank, the Reserve Bank of Malawi on Monday chalked 50 years of its existence amid economic turmoil and high inflation rates the bank is battling to put under control. [caption...
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World Bank commits towards Shire Valley Irrigation Project
World Bank has committed to support the Shire Valley Irrigation Scheme mega project whose implementation is also being supported by the African Development Bank (AfDB). [caption...
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Privatise Escom to end blackouts, economist Kachaje urges Malawi govt
President of Economists Association of Malawi (Ecama) Henry Kachaje has told the Malawi government to privatise power utility firm, Escom saying the frequent power cuts are contributing to economic...
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Goodall upbeat Malawi to get IMF credit February 2016, donors to open aid taps
Finance minister Goodall Gondwe has cast a shadow of hope that the government will be on track with the International Monetary Fund (IMF) extended credit facility in February 2016, a move that will...
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Malawi in Commonwealth Investment Council
Malawi has been incorporated in the Commonwealth Enterprise and Investment Council, the Chairperson of the Council Jonathan Marland disclosed in Malta at the launch of the of 2015 Commonwealth Business...
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Kachaje brands ‘unsustainable’ FISP as a political tool
President of Economic Association of Malawi (ECAMA) Henry Kachaje, has blamed politicians for turning the Farm Input Subsidy Programme (Fisp) into a political tool. [caption id="attachment_98446"...
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Malawi gets K42bn loan for roads: World Bank, EU give 20 conditions for...
Malawi Government has signed a loan agreement with the World Bank for $69 million (about K42 billion) to be used for the improvement of the country’s main roads. [caption id="attachment_98586"...
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Casinos to watch gamblers on money laundering – Malawi Gaming Board
The Malawi Gaming Board has told casinos to comply with the law by watching gamblers who use K1 million in gambling. [caption id="attachment_98592" align="alignright" width="600"] Chinula: Comply with...
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Airtel Money takes aid to hungry Malawians: Donors pump in MK7 bn in...
The INGO consortium in collaborating with Airtel Malawi launched the Emergency Social Cash Transfer programme with an aim to avert hunger situation facing millions of people. [caption...
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Neno receive K109m to conserve forests through Shire River Basin Management...
There was jubilation and ululation in Neno district, especially to the people of Kalupsa Village as government through the Shire River Basin Management Programme gave them K109 million to stop...
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