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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...

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...

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...

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...

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...

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...

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...

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...

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...