Malawi economic uncertainty foreseen in third quarter- report
The economic outlook for the third quarter of 2013 is uncertain and tricky as Malawi approaches the election year 2014. This is the message contained in a second quarter report of the year by finance...
View ArticleAir France partners Airtel Money as payment option for flight tickets
Airtel, a leading telecommunications services provider with operations in 20 countries across Asia and Africa, has signed a partnership Agreement with Air France which will enable customers to purchase...
View ArticleBurley tobacco leaf sales end Friday at Limbe Floors in Malawi
Burley tobacco sales come to an end at Limbe Auction Floors today (Friday July 12, 2013) after 16 weeks of trading, the Tobacco Control Commission (TCC) has said. TCC Chief Executive Officer, Bruce...
View ArticleChilewe touts his Hapuwani Lodge in Mulanje to promote Malawi tourism
Most Malawians underrate their ability when it comes to venturing into challenging businesses. Instead they prefer doing small scale businesses. In Mulanje, Arthur Ken Chilewe started his business...
View ArticleDiaspora Malawians urged to invest at home for economic development
Malawi’s ambassador to the United States Steve Matenje has implored Malawians in the diaspora especially those in United States (US) to consider investing back home in Malawi in areas of trade,...
View ArticleMalawi companies detail money market oversubscription
Two companies involved in the capital and secondary markets have given out some reasons why the money market continues to be flooded with cash leading to sustained over-subscription of Treasury Bills...
View ArticleProtests against rare earth elements exploration on Mulanje Mountain resurfaces
Fresh protests against exploration of rare earth elements on Mulanje Mountain by a group calling themselves as concerned citizens have resurfaced in Malawi’s southern district of Mulanje. The group,...
View Article30 Indian business persons visit Malawi for trade, investment opportunities
The Malawi Investment and Trade Centre (MITC) in conjunction with the Indian High Commission in Malawi will hold a one day business forum in honor of a visiting Indian business delegation on Thursday...
View ArticleMulanje citizens give mining explorers 7-day ultimatum: Warns of...
The group, calling themselves as ‘Mulanje concerned citizens’ has given mining explorers including Spring Stone Limited, a company that is exploring rare earth elements on Mulanje Mountain, seven days...
View ArticleK215bn for social spending in 2013/14 Malawi budget – Lipenga
A total of K215 billion has been set aside for social spending in the 2013/14 Budget, representing 47 percent of Recurrent Expenditure, and 15 percent of gross domestic production (GDP), Finance...
View ArticlePaladin’s Kayelekera mine in record annual production: Malawi revenue hits...
The controversial Kayelekera Uranium Mine Project in northern Malawi has delivered a 20 percent increase in its annual production, which is reportedly a record since the mine began its production....
View ArticleLake Malawi border wrangle not affecting shipping, port services –Mota Engil
The Lake Malawi border dispute between Malawi and Tanzania has not disrupted shipping and port services between the two neighbouring countries, Nyasa Times has learnt. Mota-Engil consultant and advisor...
View ArticleMalawi’s Montfort Media gets new printing machine from Italy
Publishers and other customers who do business with Montfort Media Limited in the Malawi’s eastern district of Balaka are now assured of higher quality of their publications following a donation of the...
View ArticleEscom customers to double in two years: Prepaid system to be nationwide
Electricity Supply Corporation of Malawi (ESCOM) has revealed it aims at doubling its current customer base in the next two years and adopting prepaid system national wide as part of its strategic...
View ArticleMalawi economy moves from rescue to recovery—Central Bank
Malawi’s economy has moved from “rescue to recovery” based on a number of economic indicators, according to the central bank. The Reserve Bank of Malawi (RBM) deputy governor (economics) Naomi Ngwira...
View ArticleMalawi Stock Exchange’s subdued week sees 9 counters recording trade
NBM Capital says there trading activity was subdued on the Malawi Stock Exchange (MSE) last week with both turnovers closing on the lower side. Trades were recorded across several sectors on 9...
View ArticleTobacco’s $315.3m boosts Malawi’s forex reserves
Malawi’s ever fragile forex reserves continue to enjoy buoyancy as they are being boosted by the ongoing tobacco sales proceedings. The Tobacco Control Commission (TCC) says the leaf has so far earned...
View ArticlePresidential Initiative releases MK40m to Kasungu for buying Soya beans
Farmers in areas of senior chiefs Lukwa and Kaomba are all smiles as the government through Presidential Initiative on Poverty and Hunger Reduction (PIPaHR) has released funds close to MK 40 million to...
View ArticleMalawi insurance firm Nico General’s strategic partnership imminent
The Malawi financial market is rife with curiosity with prospects that Nico General’s partnership with an influential strategic investor is imminent. This follows a cautionary statement issued by Nico...
View ArticleMalawi consumer body calls for quick attention of people’s welfare
The Consumer Association of Malawi (Cama) has appealed to authorities to urgently assess ordinary people’s welfare and reverse some hardships which have come because of adopting to every governance...
View Article