Business Posts

Premier Bet’s K100 million Mercy Phiri win questioned: Was announced ‘win’ bait for more betting?

May 26, 2022 Malawi24 Reporter 0 &

Relevant authorities have been asked to thoroughly investigate Premier Bet's recent announcement that a mysterious lady, Mercy Phiri, won a K100 million lotto playing Aviator. Social commentators believe the win was bait to drive people… ...

MASM increases monthly contribution rates

May 25, 2022 Shorai Mopiwa 0 &

Medical Aid Society of Malawi (MASM) has increased monthly membership contribution rates by an average of 12 percent. Chief executive officer of MASM, Sydney B Chikoti, said yesterday that the hike is effective 1st July,… ...

Admarc boss Chiphiko suspended over procurement of K107 million vehicle

May 25, 2022 Russell Kondowe 0 &

Agricultural Development and Marketing Corporation (Admarc) general manager Rhino Chiphiko who is also member of the ruling Malawi Congress Party (MCP) has been suspended over the procurement of an official vehicle worth K107 million. Chiphiko,… ...

Chakwera, Kagame agree to boost trade between Rwanda and Malawi

May 25, 2022 Malawi24 Reporter 0 &

Malawi President, Lazarus Chakwera, yesterday met President of Rwanda, Paul Kagame, and the two leaders agreed to work together in boosting trade between their two countries. The two leaders met at the World Economic Forum after… ...

Malawi recruits French firm as debt advisor

May 23, 2022 Malawi24 Reporter 0 &

Malawi Government has picked a French firm to advise the government on debt sustainability. Minister of Finance Sosten Gwengwe revealed this at a press conference last week in Lilongwe, saying the firm is called Global… ...

CDEDI demands resignation of RBM governor

May 23, 2022 Martha Chikoti 0 &

The Centre for Democracy and Economic Development Initiatives (CDEDI) has expressed worry over indecisiveness of the Reserve Bank of Malawi (RBM) under the leadership of Governor Wilson Banda. In a letter to Banda, CDEDI says… ...

Malawi makes US$26 million from 13m Kgs of tobacco

May 21, 2022 Archangel Nzangaya 0 &

Malawi has sold 13 million kilograms (Kgs) of tobacco, generating over twenty-six million United States dollars (USD26 million; about K21 billion) during the ongoing tobacco sales at the country's four tobacco floors. Despite having some… ...