Revolutionizing Malawi’s Procurement: A K169bn Opportunity for Economic Growth
Key Business Points Efficient public procurement can save Malawi up to K169.4 billion per year, according to the World Bank, which can be allocated to essential public services. Applying a […]
RBM Eases Currency Exchange Rules: A Game Changer for Malawi Businesses
Key Business Points Exporters in Malawi can now apply for exemption from the mandatory conversion of export proceeds, which requires selling 25% of export earnings to the Reserve Bank of […]
Njati’s Appointment as Secretary to Treasury: A New Era for Malawi’s Economic Growth and Investment Opportunities
Key Business Points Appointment of New Secretary to the Treasury: Heatherwick Njati has been appointed as the new Secretary to the Treasury by President Lazarus Chakwera, overseeing the country’s treasury […]
IMF Endorses Ambitious Plan to Supercharge Malawi’s Economic Growth
Key Business Points The International Monetary Fund (IMF) has endorsed Malawi’s agriculture, tourism, mining, and manufacturing (ATMM) strategy, recognizing its potential for macroeconomic stability and reduced food inflation. The agriculture […]
Revolutionizing Malawi’s Economy: MBS Introduces Cutting Edge Certification System to Supercharge Business Growth
Key Business Points The Malawi Bureau of Standards (MBS) is introducing an upgraded product certification system, ISO/IEC 17065 Product Certification Scheme, to enhance the country’s participation in regional and international […]
Malawi’s Economy Gets $2.9 Billion Shot in the Arm as RBM Forex Reserves Surge
Key Business Points The Reserve Bank of Malawi (RBM) has been a net seller of forex since 2019, with $2.9 billion sold to Authorized Dealer Banks (ADBs) and only $2.4 […]
Malawi’s Microfinance Sector Faces Rising Bad Debt Burden: A Threat to Business Growth
Key Business Points Malawi’s microfinance sector is facing challenges with a surge in non-performing loans to 11.2 percent, up from 7.9 percent last year, due to borrowers struggling to service […]
Navigating Malawi’s Economic Landscape: Expert Insights on Mitigating Sovereign Debt Risks
Key Business Points Debt restructuring is crucial for Malawi’s government to avoid defaulting on its debts, which could lead to severe losses for commercial banks and other investors. Diversification of […]
Revitalizing Malawi’s Industries: MBS Drives Manufacturers Towards Global Competitiveness
Key Business Points The Malawi Bureau of Standards (MBS) has introduced an international certification system to improve the quality, safety, and marketability of local products, providing a competitive edge for […]
Revitalizing Local Trade: Cherrywood Estate Introduces Rewarding Loyalty Programme for Malawi Businesses
Key Business Points Loyalty cards programme: Cherrywood Estate has introduced a loyalty programme to reward repeat guests, offering discounts, free meals, and exclusive services. Tiered rewards system: The programme features […]