Category: Business News
Breaking Malawi business news with the latest financial reports, economy news, stock updates & investing ideas.
Centenary Bank supports Fimda – The Times Group
By Llywellenie Mpasa Centenary Bank Limited has contributed K2 million towards hosting of this year’s Financial Market Dealers Association (Fimda) lakeshore conference. The three-day conference, scheduled to start in October […]
Authority justifies irrigation billing – The Nation Online
National Water Resources Authority has justified its move to enforce billing irrigation farmers as stipulated in the 1969 Water Resources Act, a development agriculture stakeholders say needs exemptions for new […]
FDH Bank helps rebuild Freddy survivors’ houses – The Times Group
FDH Bank plc has handed over K200 million to help Cyclone Freddy survivors who lost houses to rebuild them in Chiradzulu and Phalombe districts. The handover ceremony took place at […]
Malawi’s Macadamia production projected to rise
Gala Farms chief executive officer Christo Bothma has said Malawi is rising steadily in macadamia production on the global market, describing it as a promising forex earner. This was disclosed […]
Maize price jumps 146% year on year – The Times Group
Retail prices for maize—Malawi’s staple crop— went up by 146 percent between August 2022 and August 2023, figures from International Food Policy Research Institute (Ifpri) show. Quoted by the Reserve […]
Kwacha falls again, now trading at K1180
The Malawi kwacha has depreciated by 4.7 percent against the US dollar following the foreign exchange auction that the Reserve Bank of Malawi (RBM) conducted on Wednesday. The drop, which […]
Malawi asked to invest in e governance – The Times Group
By Wezzie Gausi: The Centre for Human Rights and Rehabilitation (CHRR) has said the government should prioritise and invest in enhancing e-governance systems and proactive disclosure of information using digital […]
Subdued economy affecting job creation—Ecam
Employers Consultative Association of Malawi (Ecam) says the current economic environment threatens employers’ capacity to create more jobs and ensure that they remain in business. Ecam’s assertions come on the […]
Domestic borrowing reduces forex risks
Ministry of Finance has justified its stance to borrow from the domestic market, saying raising money locally for development projects gives it alternative sources of financing, thereby reducing foreign exchange […]
MCTU commends Castel,workers’ union relationship
Malawi Congress of Trade Unions (MCTU) has commended Castel Malawi Limited and Castel Malawi Workers Union (Camawu) for the good working relationship, which is key to the growth of the […]