Business Posts

The Sad Loss of 187.5 Billion Malawi Kwacha at Reserve Bank of Malawi

Jun 17, 2023 Burnett Munthali 0 &

This is the story behind the Dubai women amateur scamming! You may recall the Blantyre hoax where we were made to believe that the Malawi Police foiled a bank robbery in a fierce gunfire exchange.… ...

Chakwera faulted for withdrawing Nkoloma’s appointment

Jun 15, 2023 Malawi24 Reporter 0 &

Malawians have faulted President Lazarus Chakwera for withdrawing the appointment of information and communications technology expert Mayamiko Nkoloma as Commissioner for the National Planning Commission (NPC). Nkoloma was appointed together with other appointees and they… ...

ESCOM wants electricity tariff increased by 69.7%

Jun 14, 2023 Shorai Mopiwa 0 &

Electricity Supply Corporation of Malawi (ESCOM) has submitted an application in which it is asking the Malawi Energy Regulatory Authority (MERA) to approve a 69.7% electricity tariff increase. According to a statement from MERA, the… ...

Transforming Malawi’s Broken Systems into Unprecedented Prosperity

Jun 14, 2023 Rick Dzida 0 &

Image: skyscrapercity.com "A new type of thinking is essential if mankind is to survive and move toward higher levels." - Albert Einstein Introduction Have you ever wondered why Malawi, despite being independent for 59 years,… ...

Illovo commits to reduce sugar prices

Jun 14, 2023 Martha Chikoti 0 &

Government says Illovo Sugar Malawi has agreed to reduce the price of sugar within a week following government's threat to issue more sugar import licences. In a statement that has been issued today, Minister of… ...

RBM told to investigate banks in 338 ATM cards syndicate

Jun 13, 2023 Archangel Nzangaya 0 &

Forum for National Development (FND) has written the Reserve Bank of Malawi (RBM) to investigate banks linked to 338 ATM cards which were confiscated from five women over money laundering, forex externalization and fraud. Last… ...

RBM records K187 billion loss

Jun 12, 2023 Malawi24 Reporter 0 &

During the year that ended on 31 December 2022, Reserve Bank of Malawi made a comprehensive loss of K187.5 billion. This is according to consolidated and separate annual financial statements posted on the bank's website… ...