Reserve Bank of Malawi explains ‘cash transferring rumour’
The Reserve Bank of Malawi (RBM) has dismissed rumours that its Governor authorised transfer of billions of Kwacha into an […]
Business
Mark Zuckerberg Loses $7 Billion As Companies Boycott Facebook Ads
Mark Zuckerberg just became $7.2 billion poorer after a flurry of companies pulled advertising from Facebook Inc.’s network. Shares of the social media company fell […]
Cama, tax experts hail Treasury on carbon tax
Consumers Association of Malawi (Cama) and tax experts have commended Treasury for modifying how motorists should be paying carbon tax, […]
Cotton farmers let in the cold
Chikwawa District, farmers are spending nights at Admarc depots waiting for the state grain trader to buy their produce. Admarc […]
Thyolo Sacco profit at K144 million
Thyolo Teachers Savings and Credit Cooperative (Sacco) has registered a K144 million profit during the year ending December 31, 2019. […]
Zambia approves $438 million COVID-19 economic stimulus package
Zambia’s cabinet approved a 8 billion kwacha ($439 million) economic stimulus package financed through a COVID-19 bond in an effort […]
Sunbird posts K2.5 billion profit
Malawi Stock Exchange (MSE)-listed hospitality giant, Sunbird on Friday disclosed that it posted an after-tax profit of K2.595 billion in […]
Tourism sector loses K40bn in 3 months
Malawi Tourism Council (MTC) said that the tourism sector has lost about K40.5 billion in potential revenue in the past […]
Cotton farmers stranded as Admarc yet to pay them two months after bought
Cotton farmers are stranded, saying the Agriculture Development and Marketing Corporation (Admarc) bought their produce two months ago and is […]
Farmers angry with Admarc
The Farmers Union of Malawi (FUM) expressed worry over the failure by Agriculture Development and Marketing Corporation (Admarc) to buy […]
Worry for the country as the Agriculture is expected to grow by 1%
Growth prospects for agriculture, Malawi‘s main driver of the economy, have been revised downwards to a meagre one percent in […]
Dangote Not A Co-Owner of Executive Jets Services Ltd
Nigerian Business Tycoon,Alhaji Aliko Dangote has denied allegations that he is a co-owner of Executive Jets Services Ltd, an […]
Malawi to lose K56 billion in real GDP to Covid-19
The Ministry of Finance and Economic Planning has said the local economy is projected to lose approximately K56 billion in […]
Ecama punches holes in budget
The Economics Association of Malawi (Ecama) has punched some holes in the 2020/21 National budget presented by Finance Minister Joseph […]
Council tells refugees to leave businesses, relocate to Dzaleka
Lilongwe city council has given refugees 90 days to fold up their businesses in the city and relocate to Dzaleka […]
Economic experts hint on provisional budget
Economic experts have urged the Treasury to start exploring a provisional budget following parliament’s decision to prioritise electoral reforms and […]
Mining to grow by 3.0 percent
Mining and quarrying industry is estimated to grow by 3.0 percent in 2020, down from an estimated growth of 4.0 […]
Mchinji traders demand K300m compensation
Some concerned businesspersons affected by Kapiri Market and Bus Depot projects in Mchinji District are demanding K300 million compensation from […]