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Economic and Finance

KWACHA DEPRECIATION WORRY MALAWIANS

Malawians are to embrace tough times following the depreciation of the kwacha .The kwacha is trading at about k530 to dollar in some of...

MULTI-BILLION DOLLAR AFRICAN HAIR

Rising incomes around the continent as well as a surge in demands from hair concious women has seen a boom in the hair-related business...

STRIKES INVOLVING STAFF IN PUBLIC SERVICE INSTITUTIONS CRIPPLING ECONOMIC GROWTH

One economic analyst has cautioned government that operations could be crippled leading to slow economic growth if strikes involving staff in public service institutions...

IMF Staff concludes review mission in Malawi

End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this...

JB’S SON, ROY, DECLARES WAR ON BAKER TILLY FOR BEING IMPLICATED...

Former President Joyce Banda's son who also happens to be the Member of Parliament for Zomba Malosa Constituency, Akajuwe Roy Kachale, has spat fire...

Malawi’s GDP may be understated by 40%

Malawi's economy may be understated by as much as 40 percent, according to Finance Minister Goodall Gondwe. “The methodology that we are using to calculate...

FDH Bank partners Airtel on eMoney

FDH Bank has partnered Airtel Malawi in creating technology platform called FDH eMoney which will allow the bank’s customers transact using their e-value and...

Malawi speaking to International Monetary Fund to resolve budget deficit

Malawi has approached the International Monetary Fund to bankroll its budget deficit. The country recently passed a zero aid budget of 1.8 billion dollars,...

Malawi performance update for September 2014

Tuesday 2nd September 2014 to Tuesday 30th September 2014 Indices Indices Index Close Open Points % High Low YTD YOY Domestic Index (DOMESTIC.mw) 11,040.46 10,807.86 +232.60 +2.15% 11,040.46 10,807.86 +12.08% +32.23% All Share Index (ALLSHARE.mw) 14,029.74 13,737.30 +292.44 +2.13% 14,029.74 13,737.30 +11.96% +32.30% Top Monthly Traders Top Monthly Traders Company Close Open % Value MWK High Low Press Corporation Limited (PCL.mw) 37,300.00 34,410.00 +8.40% 367,566,600 37,300.00 34,410.00 National Bank of...

Reserve Bank of Malawi confirms the return of Zambian Finance Bank

The Reserve Bank of Malawi (RBM) says the newly-licensed New Finance Bank will operate under a normal regulatory framework and there is no need...

State House fires over 120 supporting staff, Min of Finance cautions...

With less than 100 days in office, the Democratic Progressive Party (DPP) led government has been sacking what it believes are opposition sympathizers in...

Malawi Stock Exchange performance update for week ending Friday 29th August...

Monday 25th August 2014 to Friday 29th August 2014 Indices Index Close Open Points % High Low YTD YOY Domestic Index (DOMESTIC.mw) 10,807.86 10,744.65 +63.21 +0.59 10,807.86 10,744.65 +9.72 +56.55 All Share Index (ALLSHARE.mw) 13,737.30 13,657.84 +79.46 +0.58 13,737.30 13,657.84 +9.62 +56.21 Top Weekly Traders Company Close Open % Value MWK High Low National Bank of Malawi (NBM.mw) 23,600.00 23,600.00 0.00 60,180,000 23,600.00 23,600.00 First Merchant Bank Limited...

Malawi Stock Exchange performance update for week ending Friday 22nd August...

Monday 18th August 2014 to Friday 22nd August 2014 Indices Index Close Open Points % High Low YTD YOY Domestic Index (DOMESTIC.mw) 10,725.15 10,715.47 +9.68 +0.09 10,725.15 10,715.47 +8.88 +67.93 All Share Index (ALLSHARE.mw) 13,633.32 13,621.15 +12.17 +0.09 13,633.32 13,621.15 +8.80 +67.36 Top Weekly Traders Company Close Open % Value MWK High Low NBS Bank Limited (NBS.mw) 1,709.00 1,709.00 0.00 7,995,608 1,709.00 1,709.00 National Insurance Company Holdings (NICO.mw) 2,750.00 2,700.00 +1.85 7,507,500 2,750.00 2,700.00 Telekom...

Industrialization and global Value chains in Malawi

Malawi’s economy is highly undiversified, rendering it vulnerable to exogenous shocks. The export basket consists mainly of primary commodities. The main export commodity is tobacco,...

World Bank and Malawi inks two loan deals, worth MK34 Billion

Two loan deals, worth MK34 billion (about US$83.8 million) has been inked by the World Bank and Malawi, aimed at toughening the social safety net and skills development. The...

Malawi Economy 2014: Recent developments and prospects

Malawi is emerging from two consecutive years of a slowdown in growth caused by exogenous shocks, exacerbated by slippage in macroeconomic policies and suspension...

Standard Bank report confirms strong growth in Africa’s rising middle class...

Africa has experienced substantial growth in its middle class over the past 14 years, according to a study by Standard Bank (http://www.standardbank.com). The report, entitled...

International Rotary chairperson visits Malawi

Chairperson of the United States-based Rotary Foundation, John Kenny is visiting Malawi to assess some of the projects supported by his organisation.Speaking on arrival...