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MALAWI STOCK EXCHANGE HAS DROPPED TO SECOND PLACE ON REGIONAL INDEX

The Malawi Stock Exchange has been named as Africa’s best market performer with Tanzania in first place now. According to African Capital Markets, Tanzania Stock...

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...

Statement at the Conclusion of an IMF Mission to Malawi –...

A team from the International Monetary Fund (IMF), led by Mr. Tsidi Tsikata, visited Lilongwe from July 7 to 15, 2014 to review recent...

GOODALL TELLS MALAWIANS TO BRACE FOR A POSSIBLE ZERO DEFICIT BUDGET

New finance minister, Goodall Gondwe, has told the nation that they should not just be thinking of donor aid but as well as think...

TOBACCO EARNINGS PREDICTED TO DROP THIS YEAR

Tobacco growers have predicted that earnings from the country’s tobacco might decline this year compared to the last growing season, if prices remain unstable...

MALAWI KWACHA NOW SELLING AT 595 AGAINST DOLLAR

Malawians should brace for more tough times ahead following the continued depreciation of the Kwacha against major foreign currencies. According to foreign exchange bureau rates...

Tobacco sales at Mzuzu Auction Floors disrupted by angry farmers

Drama characterized the sales of Tobacco at Mzuzu Auction Floors on Thursday which happened to be the second day of the market as farmers...

Malawi inflation rate at 22.3%

Malawi consumer inflation braked to 22.3 percent year-on-year in July, its slowest since October last year and compared with 22.5 percent in June, the...

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...

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...

Malawi gets a boost from the World Bank to strengthen social...

The World Bank and Malawi on Wednesday signed two loan agreements valued at MK34 billion (about US$83.8 million) aimed at strengthening the social safety...

Illovo Malawi locked in a dispute with farmers over land

Illovo Malawi is locked in a dispute with farmers who claim it has occupied their land for decades. For 35 years now, more than 400...

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...

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 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...

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...

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...