FDH Bank posts K14 billion profit

FDH Bank posts K14 billion profit

CO-SIGNED THE STATEMENT—Mseka Malawi Stock Exchange-listed FDH Bank plc has posted a K14.9 billion post-tax profit for the year ended December 31 2020, up from K5.1 billion recorded the previous […]

National Bank of Malawi posts K22 billion profit

National Bank of Malawi posts K22 billion profit

Malawi Stock Exchange-listed National Bank of Malawi (NBM) plc has posted a profit-after-tax of K22.45 billion for the year ended December 31 2020. The profit is 31 percent higher than […]

30% of real estate deals lost to Covid

30% of real estate deals lost to Covid

EQUALLY AFFECTED—Construction sector Players in the real estate sector have indicated that they have lost about 30 percent of businesses due to Covid pandemic. Innobuild Limited Chief Executive Officer Billy […]

SMEs upbeat on improved buss

Ibam demands policy on SME empowerment

Mike Mlombwa Lazarus Chakwera The Indigenous Businesses Association of Malawi (Ibam) has urged government to come up with a policy to concretise the local small and medium enterprise (SME) directive […]

Government home borrowing ‘affects reference rate’

Government home borrowing ‘affects reference rate’

Lauryn Nyasulu Treasury’s unquenched thirst for domestic borrowing has moved reference rate—a benchmark for other rates—upwards, a development which has potential to rob Malawians of chances to access relatively cheaper […]

Admarc strict on Maize purchase

IMF estimates 2.2% GDP growth for Malawi

Maize Betchani Tcheleni The International Monitory Fund (IMF) says it expects the local economy to grow by about 2.2 percent in 2021. The IMF said this in its April World […]

MyBucks profit up 53 percent

MyBucks profit up 53 percent

MyBucks Banking Corporation has recorded a K2.2 billion profit-after-tax for the year ended December 31 2020, up from K1.4 billion recorded during the corresponding period in 2019. This represents a […]

Mixed views on first quarter performance

INFLUENTIAL—Commercial banks Economic experts and industry captains have described the first quarter of 2021 as a mixed bag, citing the Covid second wave as the biggest threat to growth prospects, […]