Month: April 2021 Posts

Merchants buying old 1 tambala coins at MK200 thousand each in Mzuzu

Apr 10, 2021 Thula Chisamba 0 &

Business moguls in Mzuzu are buying old 1 tambala coins at a minimum price of MK250 thousand each as the search for the currency goes dire. In an interview, the merchants, who pleaded for anonymity… ...

Chi Five pin! Malawi Govt. ponders on new 5000 bank note

Nov 06, 2017 Mwayi Mkandawire 2 &

...Malawi is the only country in SADC with a least bank note - Goodall Barely a year after introducing a K2,000 bank note, the Malawi government has announced of plans to produce K5,000, Malawi24 has… ...

2016 to start on a bad note as Kwacha falls again

Jan 01, 2016 Richard Jimu 167 &

Malawians must brace themselves for harder economic times in 2016 unlike those faced in the year ending as the Kwacha has yet again fallen against major foreign currencies with a reported increase in inflation. Having… ...

Businesses facing low profits due to Kwacha’s plunge

Dec 29, 2015 Martha Chikoti 1 &

Business people in Malawi have complained about low profits in the business sector due to the country’s economic situation. The concern was brought forward by executive director of Agma Holdings Limited, Mark Katsonga Phiri. He… ...

2015, the year that dragged Malawi to her knees

Dec 16, 2015 Victoria Milanzi 23 &

As the year 2015 draws to an end, an economic expert has described the year as a period of ups and down for the country’s economy. Early this year, Malawi experienced natural disasters which eventually… ...

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… ...

Trending: Skies change in Zambia

Oct 18, 2015 Joseph Dumbula 143 &

Trending reports from Malawi's neighboring country, Zambia say that there are notable changes in the skies as there are national prayers meant to chip the country out of economic woes that have befallen it. The… ...

Malawi Kwacha surprises economic experts

Oct 16, 2015 Luke Bisani 166 &

The Malawi Kwacha has surprised local economic experts following its reverse from a trend of depreciation to one of appreciation. The Kwacha is now trading at K548 from K569 a few weeks ago against the… ...

Entrepreneur welcomes Kwacha Appreciation

Oct 12, 2015 Luke Bisani 21 &

A local entrepreneur has welcomed the appreciation of Malawi Kwacha against major international currencies saying the development will attract more investors. Kwacha is now trading at K559 against American dollar from K615 in authorised currency… ...