Latest Malawi and World Business, Finance, and Economic News

MAGLA hopes for increased revenue as Betway launches operations in Malawi

Sep 02, 2023 Archangel Nzangaya 0 &

Malawi Gaming and Lotteries Authority (MAGLA) has welcomed Betway’s arrival in Malawi saying Government will benefit through increased tax revenue generation. Board Chairperson Bernard Ndau was speaking on Friday during the launch of the company… ...

Rehabilitation of Mzuzu City Coach Terminal begins

Sep 02, 2023 Chikondi Daza 0 &

Mzuzu City Council has launched the renovation works of a facility that will be turned into Mzuzu Coach Terminal. Launching the rehabilitation works, Mayor for Mzuzu City Gift Nyirenda said the renovation of the facility… ...

Mera approves 50.8% electricity tariff hike

Sep 01, 2023 Mike Kalumbi 0 &

The Malawi Energy Regulatory Authority (Mera) has approved a 50.8 percent electricity tariff hike. This was disclosed today at a press briefing in Lilongwe. Mera chief executive officer Henry Kachaje said the Mera board recommended… ...

Old Mutual Operations Executive Khumbo Phiri

Old Mutual Malawi launches USSD, Whatsapp digital platforms

Sep 01, 2023 Archangel Nzangaya 0 &

In a bid to enhance customer experience in accessing financial services, Old Mutual Malawi Limited, has launched digital platforms, which include a USSD code and WhatsApp Chatbot. According to Old Mutual Operations Executive Khumbo Phiri,… ...

Mtengo wa magetsi wakwera

Sep 01, 2023 Archangel Nzangaya 0 &

Bungwe lowona za mphamvu zamagetsi la Malawi Energy Regulatory Authority (MERA), lalengeza kuti kuyambira lero mtengo wa magetsi wakwera kuyambira lero pa 1 September, 2023. Izi zadziwika pomwe bungweli lero linachititsa msonkhano wa atolankhani munzinda… ...

Wilson Banda is the governor of the Reserve Bank of Malawi which is the central bank in Malawi

Kwacha yagwa mphamvu

Sep 01, 2023 Archangel Nzangaya 0 &

Anthu m’dziko muno akuyenera kuvala dzilimbe kamba koti pali chiopsezo choti katundu wambiri atha kukwera mitengo kutsatira kuchepa mphamvu kwa ndalama ya kwacha ya dziko lino kuyelekeza ndi ndalama ya dollar ya ku America. Lachinayi… ...

Kwacha continues to lose value against dollar

Aug 31, 2023 Russell Kondowe 0 &

The Malawi kwacha has hit K1,126 to the dollar this month as it continues to lose value under the Lazarus Chakwera administration. The Kwacha has fell by 2.8 percent from K1,095 last month. This follows… ...

Macra engages operators over poor voice and data services

Aug 31, 2023 Macmillan Mhone 0 &

Malawi Communications Regulatory Authority (Macra) has engaged mobile network operators to resolve challenges such as poor network coverage, dropped calls and erratic internet. This is being done under a project called Better quality of service… ...

MOAM asks Malawi Police to remove minibus touts

Aug 31, 2023 Victoria Milanzi 0 &

Minibus Owners Association of Malawi (MOAM) has called on law enforcers in the country to remove minibus touts operating in various towns and cities of the country. For a long time, there have been calls… ...

CFTC Executive Director Lloyd Vincent Nkhoma

Illovo under fire for hiking sugar prices

Aug 29, 2023 Archangel Nzangaya 0 &

The Competition and Fair Trading Commission (CFTC), has recommended Illovo Sugar Malawi for prosecution for what it has labelled as “unjustifiable” hiking of sugar prices in October last year and has ordered that the prices… ...

Macra to construct 75 ICT Labs in Malawi to promote digital inclusion

Aug 29, 2023 Roy Kafoteka 0 &

The Malawi Communications Regulatory Authority (Macra) in collaboration with the Ministry of Education is set to construct 75 ICT Labs at selected secondary schools across the country. This was revealed at a management meeting, where… ...

Old Mutual pumps in millions towards Auditors, IMM conferences

Aug 28, 2023 Archangel Nzangaya 0 &

Old Mutual Malawi has supported with funds the Institute of Internal Auditors (IIA) and Institute of Marketing in Malawi (IMM) towards their conferences. The finance services provider, on Monday August 28, 2023, supported IIA with… ...

Chakwera hails Dzombe for tourism investment in rural Malawi

Aug 28, 2023 Malawi News Agency (MANA) 0 &

President Lazarus Chakwera has hailed Malawi’s entrepreneur and philanthropist Napoleon Dzombe for defying stereotypes people have about investing in the tourism sector. Chakwera was speaking during the official opening of Kalipano Hotel, which Dzombe has… ...

Disturbing Trend: Alarming Increase in Child Trafficking from Malawi to South Africa

Aug 28, 2023 Sibu M. Mokoena 0 &

Beitbridge, South Africa - A shocking and distressing revelation has come to light as an eyewitness has shared heart-wrenching accounts of children being transported like commodities and trafficked into South Africa from Malawi to work… ...

Go Jet Investment recognised as the best seeds distributor in the north

Aug 27, 2023 Chikondi Magalasi 0 &

Seed Co Malawi has awarded an Agricultural enterprise, Go Jet Investment, as the best seed distributor in for North for the 2022 – 2023 farming season. Speaking after receiving the award at an event held… ...