Fund to disburse K1.5 billon loans

Fund to disburse K1.5 billon loans

TARGETED—The youth National Economic Empowerment Fund (Neef) has started disbursing part of the K5 billion that the government said it would provide for loans to both individuals and groups. Neef […]

World Bank gives Maiic $16 million boost

World Bank gives Maiic $16 million boost

TARGETED—Small-scale traders Taz chaponda The Malawi Agricultural and Industrial Investment Corporation (MAIIC) has secured a $16 million [about K12 billion] loan from the World Bank to boost businesses among small […]

Government strict on work permits

Government strict on work permits

KANDODO—We have agreed to intensify inspections Joseph Chauwa The government has said it would send packing immigrants working in firms without permits. Minister of Labour Ken Kandodo said this on […]

Five pharmacies under CFTC radar

Five pharmacies under CFTC radar

The Competition and Fair Trading Commission (CFTC) is investigating five pharmacies for allegedly taking advantage of the Covid pandemic to overprice pharmaceutical products. According to a statement signed by the […]

Domestic debt still on the rise

Domestic debt still on the rise

Felix Mlusu The government continues to grapple with its insatiable appetite for borrowing courtesy of a tight fiscal space to meet its expenditure requirements. Recent figures from the Reserve Bank […]

Solar traders date MRA, MBS over challenges

Solar traders date MRA, MBS over challenges

Renewable Energy Industries Association of Malawi (REIAMA) on Thursday met with representatives of the Malawi Revenue Authority (MRA) and Malawi Bureau of Standards to discuss emerging challenges in the industry. […]

Chamber sees Kwacha falling - The Times Group Malawi

Kwacha falls against US dollar, other units

Lauryn Nyasulu The Malawi Kwacha has started the year on a low note, depreciating against major trading currencies in the first six weeks. Our calculations show that between January 1 […]