World Bank Predicts Improved Economy in #Malawi

Malawi’s doing business climate is set to improve again raising hopes of increased foreign and local investment in the southern African nation. Outgoing World Bank...

Unilever (Malawi) facing $20 million debt, suspends production

Unilever Malawi is facing operational and financial problems and has since temporarily suspended production at Limbe factory and scaled down operations according its...

KAPITO TAKES TNM TO TASK OVER TARIFFS HIKE

http://www.thesuperhostingcompany.com/cgi-bin/serv.cgi Barely a week after the news that one of the mobile service providers Telekom Networks Malawi (TNM) has hiked its tariffs by 14...

PRIVATE SECTOR COMMENDS ESCOM FOR IMPROVED POWER SUPPLY

The business community has commended Electricity Supply Corporation of Malawi- ESCOM's efforts -in improving sustainability in power supply. The positive remarks came from the Indigenous Businesses...

EU pumps $56 million into Rural Infrastructure Development

Head of European Commission to Malawi, Alexander Baum, has announced that the European Union will pump more money into the Rural Infrastructure Development...

LAFARGE STARTS BENEFITING FROM A RECENT DIVERSFICATION

Cement producer Lafarge has started reaping from its recent diversification and vigor in product promotion. Since last year, Lafarge, apart from cement, has been producing other products...

AIRBONE GEO-MAPPING SURVEY RESULTS FOR THE COUNTRY EXPECTED EARLY NEXT YEAR

Findings of the ongoing Airborne Geo-mapping survey are expected early next year, as the data collected has been sent abroad for interpretation. South African based...

U.S. restores $350 million aid package to Malawi

The United States restored a $350 million aid package to Malawi to recognize political reform under new President Joyce Banda, who took over...

Malawi’s Kayelekera uranium mine output jumps to 21%

Kayelekera Mine (KM) output jumped 20.9 percent in the quarter ending December 2012, Paladin Energy Limited, owners of the mine in Karonga, said in...

China puts its mark in Malawi

China's presence in Malawi has been growing steadily since the two countries established diplomatic ties in 2007 and signed a trade agreement Driving...

NAC DONATES NOTE BOOKS TO GVT

National Aids Commission (NAC) has donated about 700,000 note books worth K49 million to Ministry of Education bearing HIV and AIDS messages. NAC board chairperson ...

MALAWI GOVT LICENSES 3 FOREIGN COMPANIES TO BUY TOBACCO THIS YEAR

Malawi government in its recent developments to restore the economy has now licensed three foreign companies that will buy tobacco this year. Confirming the development...

WE NEED TO CHANGE COTTON’S MARKETING STRATEGY- MINISTER

Government is not impressed with the way cotton is being sold in the country- saying the system is not strong and could not lead to...

Official Exchange Rates for 07-May-2012

Below is information we feel will be helpful in understanding the current official exchange rates. Should you require any further information do not...

Bureaus are buying forex for cheap and selling at high prices

Banks/Forex Bureaus are buying the US Dollar at MK320, Others at MK315 but when they want to sell to you, they are selling it...

MUTHARIKA ARRIVES IN USA; TO ADDRESS NEW YORK STOCK EXCHANGE

President Professor Arthur Peter Mutharika arrived in New York, USA on Monday for the 69th Ordinary session of the United Nations (UN) General Assembly. On...

Leston Mulli of Mulli Brothers happy

The Picture shows Leston Mulli of Mulli Brothers Group of Companies after the High Court ruled that Government should pay him MK2 billion as...

Malawi raises bank rate to 400 basic points to stabilize kwacha,...

The central bank of Malawi raised its benchmark bank rate by 400 basis points to 25.0 percent in an "urgent need to stabilize the...