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 […]
Business
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 […]
Government revenue declines in first quarter
Government revenue went down by 8.1 percent to K308.5 billion in the first quarter of 2020, figures from the Reserve […]
Used cars dealers in BT hit hard by Covid-19
As Covid-19 continues to affect businesses and economies across the globe, local dealers of imported used are lamenting that the […]
MCCCI speaks on economic recovery
The Malawi Confederation of Chambers of Commerce and Industry (MCCCI) has urged the Treasury to avoid excess borrowing and enhance […]
Maize prices down to K111/Kg
Figures from the Emergency Agriculture and Food Security Surveillance System (EmA-FSS) Bulletin show that availability of maize has seen prices […]
ADMARC HAILS FARMERS
The Agricultural Development and Marketing Corporation (Admarc) has said it has bought about 20, 320 metric tonnes of maize from […]