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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...

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 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...

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...

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...

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...

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...

US$10 MILLION CREDIT SCHEME HAS BEEN INITIATED IN THE COUNTRY TO...

A new enterprise support fund has been launched in Malawi through a partnership involving some South African investors as well as the World Bank’s...

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...

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...

RBM GOVERNOR URGES MALAWIANS NOT TO PUSH THE GOVERNMENT TO SPEND...

Reserve Bank of Malawi (RBM) governor Charles Chuka has warned Malawians against forcing government to spend beyond its means. Chuka was speaking in Blantyre during...

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,...

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...

FOREX AND FUEL ESSENTIAL FOR ECONOMIC GROWTH IN MALAWI SAYS IMF

The International Monetary Fund (IMF) has exclaimed that the availability of foreign exchange and fuel is important for the realization of economic growth as...

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...

Govt to audit road projects

Roads authorities are calling for bids from potential consultants to conduct an audit exercise on all government funded road projects that run in the...

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...