Mixed outlook on tea market

Mixed outlook on tea market

Tea Association of Malawi Limited (Taml) is unclear on prospects of the industry raking in the projected export value of $100 million this year due to fluctuations in prices on […]

Minister daring on tourism prospects

Minister daring on tourism prospects

Minister of Tourism Michael Usi has said the tourism sector remains the next big thing for Malawi, touting its prospects of becoming the country’s single top foreign exchange earner with […]

Reserve Bank of Malawi maintains 5% inflation projection

‘Budget off-track’ – The Times Group Malawi

GANDA—Clearly the performance is off-track Chairperson of the Budget and Finance Committee of Parliament Gladys Ganda has said the performance of the 2020/21 national budget is generally unimpressive. Giving her […]

Mkango commences flotation pilot testing

Mkango commences flotation pilot testing

Canadian dual-listed mining firm, Mkango Resources Limited, has commenced testing on a pilot flotation plant for the Songwe Hill Rare Earths project in Phalombe District. The pilot plant provides detailed […]

Tea rakes in K2.4 billion

Tea rakes in K2.4 billion

Tamani Nkhono Mvula Figures from the Reserve Bank of Malawi (RBM) have shown that tea output and revenue drastically declined in the second half of 2020, fetching K2.449 billion. In […]

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 […]