EU releases K17bn budget support
The European Union (EU) has released K 17 billion as budgetary support to Malawi. This is the first tranche of […]
Business
Govt cuts spending on travel and assets
Government has introduced nine expenditure control measures among them the suspension of all government funded external travel and procurement of […]
Expert slams bank rate hike
An economic expert from Chancellor College has slammed last week’s decision by Reserve Bank of Malawi (RBM) to hike the […]
Rising interest rates to fuel defaults
Investment management and advisory firm, Nico Asset Managers says the high costs of borrowing triggered by last week’s upward adjustment […]
Court stops Springstone Limited from rare earth exploration
The High Court in Blantyre has granted an injunction to some concerned citizens, stopping a mining company, Springstone Limited, and […]
Malawi should remain on course with reforms
It is pleasing to learn that one of the country’s major bilateral donor, Britain, has resuming aid to Malawi almost […]
State House backtracks on Joyce Banda’s salary
The State House has backtracked on its earlier confirmation that President Joyce Banda was yet to start honouring her salary […]
Ethiopian Airlines, ComAir among 11 firms expressing interest in Air Malawi
Malawi’s Privatisation Commission says it has received expressions of interest from 11 local and foreign companies vying to take over […]
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 […]
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 […]