US raises interest rates despite banking turmoil
The US central bank has raised interest rates again, despite fears that the move could add to financial turmoil after...
Business
TikTok says US threatens ban if China stake not sold
The US government says TikTok should be sold or else face a possible ban in the country. The video-sharing app,...
Old Mutual Donates K60m towards Cyclone Freddy response
Old Mutual Group Plc. has today donated K60 million to the Malawi Red Cross Society (MRCS) towards the Cyclone Freddy...
Standard Bank Plc. makes K39.2 bn profit
The Malawi Stock Exchange (MSE) listed Standard Bank Plc has posted a 39.2 billion kwacha net profit in 2022. The...
Financial sector remained stable in 2022 -report
The country’s financial sector has remained stable and resilient despite last year’s hostile macro-economic environment including deterioration in asset quality....
Government agencies owe SRWB K8.1 billion.
An 8.1-billion-kwacha debt owed by various government departments is choking the operations of the Southern Region Water Board (SRWB). Officials...
ILLOVO commits to attaining 30% women representation in leadership by 2025
Sugar manufacturer, Illovo, has joined the commemoration of international women’s day, with fresh commitment to empower Malawian women towards leadership...
BCC speaks tough on unlicensed businesses
The Blantyre City Council (BCC) is threatening to close down all business entities that do not have licenses or fail...
MSE resilient in February despite volume decrease
There were mixed fortunes at the stock market in February as the local bourse registers positive return on index despite...
Interest payment account for a quarter of the proposed 2023-2024 budget
A huge price of the country’s public debt accumulation is being paid in the forthcoming budget, which sees a quarter...
