finance Archives

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,… ...

Poor investment in orthopaedic services worries association

May 16, 2023 Archangel Nzangaya 0 &

Malawi Orthopaedic Association (MOA) has called on government and stakeholders to invest more resources towards orthopaedic services, saying the country has only 14 orthopaedic surgeons but there is need to increase the number of surgeons… ...

Zomba District Council approves 28 billion kwacha 2023/24 budget

Mar 07, 2023 Raphael Likaka 0 &

Zomba District Full Council which met on Monday has approved a K28 billion budget for 2023/2024 fiscal year. Speaking after approving the budget, Council chairperson, Councillor Blazio Chinthenga said the council needs budget to effectively… ...

Her Liberty Malawi engages radio listening clubs on public expenditure tracking

Feb 19, 2023 Raphael Likaka 0 &

A non governmental organisation, Her Liberty Malawi, has trained youth radio listening clubs at Senior Chief Chikowi's area in Zomba in tracking utilisation of financial resources on development projects. Speaking at Chikala Primary School, Her… ...

CAT, LUANAR sign K14 million research grant agreement

Feb 15, 2023 Mike Kalumbi 0 &

Mwangwela The Centre for Agricultural Transformation (CAT) and Lilongwe University of Agriculture and Natural Resources (LUANAR) have signed a $13,500 (about K14 million) research grant agreement to support six undergraduate students to carry out research… ...

Illovo posts K26 billion profit, says it won’t reduce sugar prices

Feb 08, 2023 Archangel Nzangaya 0 &

Despite being hit by the effects of cyclone Ana last year, Illovo Sugar Malawi plc has posted a 30 percent increase in net profit from K20.6 billion in 2021 to K26.6 billion in 2022. This… ...

Talking Blues: Stop the nonsense

Jan 15, 2023 Mapwiya Muulupale 0 &

It is the oldest trick in the book. When confronted with an unpalatable truth or challenged on a matter you would rather dodge, attack! Get angry! Distract! Deflect! And in most cases, it all ends… ...