Latest Malawi and World Business, Finance, and Economic News

‘You are stupid, mache**e ako!’ Mulli goes mad at journalist

Nov 11, 2015 Aubrey Makina 140 &

Business magnet Leston Mulli lost his cool at a journalist when he was asked why he was absent at this year’s Mulhakho wa Alhomwe. In a clip that has gone viral which Malawi24 has listened… ...

Mzimba market authorities under fire

Nov 11, 2015 Thula Chisamba 0 &

Traders at Matabwa market in Malawi's Mzimba district have expressed mistrust with their chairman Albert Chisiza alleging that he is masterminding corrupt activities. Speaking to Malawi24 on Monday, some vendors maintained they hate Chisiza's leadership… ...

Malawi to have largest rice factory in Southern Africa

Nov 11, 2015 Luke Bisani 62 &

Malawi is set to have the largest rice factory in southern Africa country in Nkhotakota district as one way of increasing exports from this country. The multimillion rice factory at Mpamatha in Nkhotakota will ready… ...

Malawi told to revoke licenses over Lake Malawi oil exploration

Nov 09, 2015 Aubrey Makina 30 &

…Malawi government does not own the lake The problems associated with drilling oil on Lake Malawi have resurfaced with the new claims challenging Malawi that they need to revoke the licenses they gave to Surestream… ...

Minister blames DPP over ESCOM failures

Nov 09, 2015 Aubrey Makina 80 &

The government of Peter Mutharika has been urged to check the failures of ESCOM or risk facing a popularity loss and a public resentment. According to Minister in the UDF regime who was also a… ...

Malawi Govt drilled on IMF fiscal tips

Nov 09, 2015 Victoria Milanzi 3 &

Economic experts in the country have called on the Government to abide by the advice given by the International Monetary Fund (IMF) on miscellaneous fiscal advices. Economics Association of Malawi (ECAMA) Executive Director Henry Kachaje… ...

‘Stop growing tobacco’- buyers told

Nov 06, 2015 Malawi24 Reporter 16 &

Malawi's sole, tobacco and other commodity dealing company, AHL Group of Companies, has asked the Ministry of Agriculture and Food Security to consider reversing decision of allowing tobacco multinationals to grow tobacco saying the policy… ...

Sugar prices raised

Nov 05, 2015 Geoffrey Banda 56 &

As the economic crisis continues striking Malawi, Illovo Sugar (Malawi) Limited has been forced to hike its sugar prices by 10 percent in response to the depreciation of Malawi Kwacha. Confirming the development, Ireen Phalula,… ...

National Bank engages customers on small media enterprises

Nov 04, 2015 Timothy Kachedwa 4 &

One of the leading commercial Banks in the country, National Bank of Malawi, along the weekend met customers of their bank from the Eastern Region who owns Small and Medium Enterprises (SMEs). The meeting which… ...

Timber traders blame govt over negligence

Nov 02, 2015 Thula Chisamba 3 &

Dust is refusing to settle on a wrangle between the Malawi government and the Timber Millors cooperative Union (TMU)as the union is blasting government for not helping the industry as promised. President of the Union… ...

Malawi business people lack knowledge- Mlombwa

Nov 01, 2015 Victoria Milanzi 9 &

The Indigenous Business Association of Malawi (IBAM) has faulted a lack of knowledge among business people for perpetrating low production of goods that can be sold on the international market. IBAM chairperson Mike Mlombwa said… ...

Malawi, Mozambique power interconnection project

Electricity price raised

Oct 29, 2015 Richard Jimu 69 &

The Malawi Energy Regulatory Authority (MERA) has approved an increase in electricity tariffs to K40.59 from K35.69 per kilowatt effective November 1, Malawi24 has learnt. This means power prices have been raised by 13.73%. Reports say… ...

Pan-African online business directory launched

Oct 27, 2015 Happy Arnold Soko 4 &

A United Kingdom based Malawian Themba Tembo has launched a globally competitive Pan-African online business directory and marketplace called Sort Africa. Tembo, who is also chief executive officer of Sort Africa, told Malawi24 that the… ...

Livingstonia synod loses hope in mining deals

Oct 26, 2015 Thula Chisamba 11 &

The synod of Livingstonia say that it has lost hope in the country’s mining deals because they are not benefiting Malawians. Project officer in the synod Paul Mvula told Malawi24 recently that it is depressing… ...

Banker says the Kwacha must not be fixed

Oct 23, 2015 Victoria Milanzi 26 &

A player in the banking industry says that fixing the Malawi Kwacha is not a solution to the continuing depreciation of the local currency against the dollar. The Malawi Kwacha is faring well on the… ...