Malawi’s economic growth slashed, as MPC maintains policy rate at 18%
The country’s economic growth for 2022 has been revised downwards to 1.2 %, according to figures from Reserve Bank of...
Business
ADMARC Restructuring: Close to 4000 jobs cut
As the country’s economic challenges continue, government has fired close to 4 000 employees of the country’s produce marketer, ADMARC...
Mkango Resources gets environmental nod on Songwe Rare Earth project
Mining prospects of Rare Earth on Songwe hill in Phalombe have gained momentum as government approves an Environmental, Social &...
MRA collects surplus
As the Treasury’s pressure on the Malawi Revenue Authority (MRA) continues to feed the national budget, the authority has beaten...
Malawi poultry industry building trade monopolies
A recent study has established that the poultry in industry in Malawi is not competitive. The study conducted by Centre...
Forex auction flop, sign of acute shortage
Friday’s flopped foreign exchange auction, evidenced by the authorities’ failure to attract many authorised dealers, proves that local commercial banks...
Kwacha depreciates as demand and supply imbalances persist
Official figures are indicating that the Malawi kwacha depreciated against a majority of key trading currencies in late 2022 amid...
Putin is weaponising food, says boss of fertiliser giant Yara
Vladimir Putin is "weaponising food", and the impact is being felt around the world, the boss of one of the...
‘Wrong turn’- Financial specialists describe RBM forex auctions
The Reserve Bank of Malawi (RBM) is set to start conducting foreign exchange auctions as a strategy for determining the...
NFRA CEO suspended over missing maize trucks
The board of trustees of the National Food Reserve Agency (NFRA), has suspended the firm’s Chief Executive Officer Brenda Kayongo....
