Reserve Bank of Malawi hikes bank rate to 21%
The Reserve Bank of Malawi (RBM) on Tuesday raised the bank rate by five percentage points to 21 percent confirming […]
Business
Malawi export earnings drop
Malawi exports dropped to K47.3 billion during the first quarter of 2012, down from the estimated K75.9 billion recorded during […]
Millennium Challenge Corporation CEO visits Malawi
Millennium Challenge Corporation (MCC) Chief Executive Officer, Daniel Yohannes is expected to meet President Joyce Banda on the implementation of […]
Citizen Insurance workers query RBM over salaries
Sixty members of staff and two executive directors at Citizen Insurance Company — whose closure by the Reserve Bank of […]
Malawi bans Chinese retailers to trade in rural areas
It’s now official that Chinese traders owning retail shops in rural areas have to move to towns and cities by […]
Malawi under scrutiny at World Bank forum
MALAWI is one of the African countries participating and whose recent public policies are under scrutiny at a World Bank-organized […]
Petroda staff demand salary increment
Junior employees of Petroda Malawi Limited went on strike Tuesday in an attempt to force their management to effect a […]
Malawi passes K408 billion budget, paving way for donor funds
Malawi parliament passed a vital national budget on Wednesday needed to unleash more funding from the International Monetary Fund and […]
Amended Pensions Act to punish workers
THE amendment of the Pens ions Ac t will see employees losing out on savings as government benefits from taxation, […]
Accountants strategise on economic recovery
The country’s top accountants met in Blantyre on Friday evening to draw a roadmap for Malawi’s economic recovery during the […]
Devaluation costs South African Airways $5 million
South African Airways (SAA) has lost $5 million (K1.2 billion at the current exchange) in Malawi due to the 49 […]
‘Devaluation only way to economic recovery’ – MCCCI defends govt
The Malawi Confederation of Chambers of Commerce and Industry (MCCCI) has defended government’s decision to devalue the kwacha, saying it […]
Lynas Corp. likely to give up rare earths project in Africa
With its highly-controversial Malaysian rare earths processing plant an already ample source of headache, Lynas Corp. has been reported to […]
U.S. restores $350 million aid package to Malawi
The United States restored a $350 million aid package to Malawi to recognize political reform under new President Joyce Banda, […]
MCC Board of Directors Votes to Reinstate Compact with Malawi
The U.S. Government’s Millennium Challenge Corporation (MCC) Board of Directors voted to lift suspension of the Malawi Compact during its […]
Inflation soars to 17.3 percent
MALAWI’S inflation jumped to a seven-year high in May, fuelled by the 49 percent devaluation of the kwacha, the National […]
G20 recognises Bakhresa Malawi on business innovation
The Group of 20 on Tuesday evening announced that Bakhresa Grain Milling Malawi is among 15 winners of the G20 […]
Joyce Banda and the IMF: A dangerous courtship
There is nothing new under the sun. Absolutely nothing. Not even woman presidents. Cleopatra and the Queen of Sheba are […]