Reserve Bank f Malawi’s statement on Kwacha devaluation
The Reserve Bank of Malawi (the Bank) has today 7 May 2012 devalued the Malawi kwacha exchange rate from K168 […]
Business
Official Exchange Rates for 07-May-2012
Below is information we feel will be helpful in understanding the current official exchange rates. Should you require any further […]
Uranium pollutes water at Kanyika mine, posing a risk of kidney effections
Drinking water from boreholes around the proposed site of Kanyika nobium mine in Mzimba south is polluted with a high […]
Researchers back idea of Islamic banks in Malawi
As the concept of Islamic finance captivates the international market, a paper released by Malawian researchers has supported the idea […]
IMF programme to wait for 2012 budget
The International Monetary Fund (IMF) may wait until they see the 2012/2013 budget for Malawi before making a decision on […]
Illovo, Nico shares gain
The stock market last week saw two counters registering share price gains resulting in the upward movement of the Malawi […]
Paladin’s Kayerekera uranium mine output up with 15%
Production at Kayelekera Uranium Mine (KUM) in Karonga jumped 15 percent in the quarter ending March 2012 over the previous […]
Urban and rural inflation rates continue to rise
The year-on-year headline inflation for the country continued to rise for the month of March 2012. For the third month […]
Partnerships boost Globe Metals’ development of vital Health Post in Malawi
Globe Metals & Mining release an announcement to inform the market of its participation in the development of the Etandweni […]
Reserve Bank of Malawi angers local contractors
The awarding of a multi-million kwacha contract to a foreign contractor for curtain, walling and glazing of the Reserve Bank […]
Government to shelve Shire Zambezi project
The People’s Party (PP) led government has said it will put on the shelf the highly publicised Shire-Zambezi waterway project […]
Banks’ profits raise eyebrows
Despite the deteriorating economy and shrinking business opportunities in the country, most banks have raked in huge profits, a development […]
IMF predicts 5.4% economic growth for 2012
High commodity prices will buoy much of sub-Saharan Africa in 2012, but South Africa will continue to stumble due to […]
Pick n Pay to enter Malawi, DRC
South Africa’s No.2 food retailer, Pick n Pay, will enter Malawi and the Democratic Republic of Congo (DRC) in the […]
Unfair mining agreements depriving Africa of enough earnings from gold revenues – AfDB
Africa is not cashing in enough from its large gold resources, despite the spiralling price of the metal over recent […]
Finance Minister Ken Lipenga leaves to attend International Monetary Fund (IMF) spring meeting
Finance Minister Ken Lipenga leaves today for Washington DC, United States of America to attend the spring meetings of the […]
Banda must fix Malawi economy – Adviser
Joyce Banda, who marked her first week as Malawi’s president Saturday, needs to shore up the country’s economy, a former […]
Economist optimistic on economic recovery
A Lilongwe-based financial economist has said he expects the Malawi economic to take a quick turn to recovery on the […]