INFLATION EASES FURTHER TO 9.8%
Inflation decelerated by 1.2 percentage points in March 2020 to 9.8 percent, thanks to continued declining food prices, figures from […]
Business
SUGAR COMPANY TRIPLES PRODUCTION
The Salima Sugar Company Limited (SSCL) has said it managed to triple its sugar output in the last growing season. […]
TNM PROFIT WENT DOWN BY 10%
Profit after tax for integrated mobile phone services provider, TNM Plc went down by 10 percent in the year ending […]
CHINA’S VIRUS-HIT ECONOMY SHRINKS FOR FIRST TIME IN DECADES
China’s economy shrank for the first time in decades in the first quarter of the year, as the virus forced […]
TOBACCO COMMISSION IMPRESSED WITH THE COMPLIANCE BY FARMERS
Barely a month after Tobacco Commission (TC) warned farmers against selling tobacco to middlemen and vendors, it has been established […]
Softbank fund warns of $16.7bn loss due to virus
SoftBank expects to lose $16.7bn (£13.3bn) on firms it has invested in through its tech start-up fund. The Japanese conglomerate […]
MAIZE GROWERS HAPPY WITH NEW MAIZE PRICES
Maize growers in the country have expressed satisfaction with the K200 per kilogram (Kg) farm gate price for buying maize […]
MRA opens Covid-19 response tax window
Malawi Revenue Authority (MRA) has opened up a voluntary tax compliance window for six months, to allow tax payers with […]
RBM 2019 PROFIT JUMPS TO K57 BILLION
The Reserve Bank of Malawi (RBM) has posted a K57 billion profit, up from K19.4 billion registered in the privious […]
MNRM SAYS ‘LAKE ROW WITH TANZANIA CAN’T AFFECT PETROLEUM VENTURE’
The Ministry of Natural Resources and Mining has said the petroleum industry in the country is not affected by the […]
COMMERCIAL BANKS LOWER LENDING RATES
Some commercial banks in the country have slightly lowered their base lending rates amid calls for concerted effort to minimise […]
GREEN BELT AUTHORITY TO BOOST MALAWI ECONOMY
Green Belt Authority (GBA) has described its $5.5 million (about K4 billion) project as a boost to the country’s economy […]
Customers Ask for Tents Outside Banks
After the president of Malawi, Peter Mutharika instructed that people should avoid gatherings, banks also have trimmed number of customers […]
SMES PRAY FOR EXTRA SAFE NETS
Amid measures unveiled by President Peter Mutharika to ease Covid-19’s potential pressure on businesses, Chamber for Small and Medium Business […]
TOBACCO MARKET TO OPEN SOON
Tobacco Commission (TC), regulator of tobacco industry in the country, has said it is on course with preparations for opening […]
MALAWI’S POWER PLAN AFFECTED BY CORONAVIRUS
As the Covid-19 pandemic continues to threaten economies world over, with four confirmed cases registered in Malawi so far, the […]
DECLINING OIL PRICES OFFER LITTLE RELIEF—RBM
The Reserve Bank of Malawi (RBM) says the declining global oil prices due to the coronavirus (Covid-19) pandemic offers little […]
MCCCI DESPERATE OVER SOUTH AFRICA LOCKDOWN
Malawi Confederation of Chambers of Commerce and Industry (MCCCI) has urged the government to consider engaged its South African (SA) […]