Germany gives Malawi €5 million for Budget Support
Germany has finally released €5 million of budget support to Malawi that was previously held back and a further €3.5 […]
Business
Press Cooperation Limited increases stake in PTC, rebrands to Peoples metro
The management of Press Cooperation Limited (PCL) says it has taken over full operations of PTC shops in the country […]
Malawi president too powerful – Ecama
Economics Association of Malawi (Ecama) wants Presidential mandate of appointing Governor of Reserve Bank of Malawi (RBM) and head of […]
Malawi raises bank rate to 400 basic points to stabilize kwacha, stem inflation
The central bank of Malawi raised its benchmark bank rate by 400 basis points to 25.0 percent in an “urgent […]
Joint Venture partners scaling up exploration for rare earths at Malawi prospect
ASX-listed Globe Metals & Mining and its joint venture (JV) partner, Resource Star, are scaling up exploration for rare-earth elements […]
Malawi reports upsurge in exploration as economic crisis wanes
The Malawi government says mineral exploration in the country by local and international companies is gathering pace after slowing down […]
Britain gives Malawi £20 million emergency funds
Britain will give Malawi £20 million ($32 million, 25 million euro) in “emergency budget support” to boost social schemes in […]
African Development Bank commits US$3 million for Shire-Zambezi water way project
African Development Bank ADB has committed US$ 3.1 million to fund feasibility study for the Shire Zambezi water way project […]
RBM drills lending officers on Basel II
The Reserve Bank of Malawi (RBM) is equipping commercial bank staff responsible for credit and operational risk management on how […]
France cancels Malawi’s €11 million debt
France has wiped off Malawi’s remaining debt with the unpaid money to be re-directed towards a jointly funded mining based […]
UK to resume funding ACB
Britain says it is ready to resume financial aid to the Anti-Corruption Bureau (ACB) following the appointment of the graft […]
JB allays fears over fuel
…says PTA Bank to provide US$250m credit …assures supplies will normalise Dec-April President Joyce Banda says fuel supplies will normalise […]
Malawi Economy: More questions than answers
It appears the honeymoon is over. People have started asking the PP led government tough questions and are expecting satisfactory […]
Malawi runaway headline inflation hits 30%
Malawi’s year-on-year headline inflation for October jumped 2.3 percentage points to 30.6 percent on the back of volatile food and […]
Malawi debt hits 54% of GDP
The massive devaluation and subsequent depreciation of the kwacha has resulted in the country’s total debt stock swelling to 54 […]
Malawi economy under stagflation
The local economy is going through a stagflation process, which is a condition of slow economic growth and relatively high […]
EU warns govt on spending
The European Union in Malawi has urged the government to make responsible decisions that are not hard to explain and […]
Finance Bank re-opening in Malawi hangs in balance due to past money laundering record
In May this year, Finance Bank Zambia owner Rajan Mahtani announced that he will re-open his branches in Malawi which […]