Business Posts

Should Malawi Have Devalued the Kwacha?

Jun 25, 2023 Mtembezeka B.C. 0 &

On May 27, 2022, Malawi woke up to the shock that the monetary authorities had devalued the exchange rate by a whopping 25%. The reason given for the devaluation was that we had to align… ...

Hide and Seek in Town: A Game for Street Vendors and City Assembly

Jun 25, 2023 Burnett Munthali 0 &

Street vending has returned to the streets of Lilongwe, Malawi, after several weeks of fierce battles between Lilongwe City Assembly authorities and street vendors. The battles appeared so intense that it was assumed this was… ...

Sugar prices must go down — CDEDI

Jun 23, 2023 Martha Chikoti 0 &

Centre for Democracy and Economic Development Initiatives (CDED) says Malawians deserve to buy Illovo Sugar at an affordable price and the organisation will not rest until sugar prices have been reduced. CDEDI Executive Director Sylvester… ...

Malawi’s Foreign Exchange Cartels: Investigation Exposes ACB, Reserve Bank of Malawi in Money Laundering and High-Level Corruption

Jun 22, 2023 Sibu M. Mokoena 0 &

A forex cartel operating in Malawi has exposed that the Reserve Bank of Malawi (RBM), Anti-Corruption Bureau (ACB), and Financial Intelligence Authority (FIA) have been asleep at the wheel, as the syndicate operating in the… ...

Shireesh Betgiri Arrested in Malawi: Ex-Salima Sugar Company Chairman Arrested in on Money Laundering Charges

Jun 21, 2023 Malawi24 Reporter 0 &

Shireesh Betgiri, the former chairman of Salima Sugar Company, has been arrested by the Malawi Police in Lilongwe on charges of money laundering and forex externalization. Acting swiftly on a tip-off, law enforcement authorities discovered… ...

FMB Capital Holdings post K62 billion profit

Jun 21, 2023 Archangel Nzangaya 0 &

FMB Capital Holdings Plc which operates First Capital Bank, has made USD61.2 million (about K62 billion) profit after tax, a 51 percent increase from the last year's profit. This was disclosed on Monday 19th June,… ...

Of Cybercrime in Malawi

Jun 20, 2023 Rick Dzida 0 &

"Everybody should want to make sure that we have the cybertools necessary to investigate Cybercrime and to be prepared to defend against them and to bring people to justice who commit it." - Janet Reno,… ...