Month: April 2017 Posts

Microfinance: a workable approach to ending poverty

Apr 16, 2017 Joshua Mbewe 0 &

The United Nations Economic and Social Council proclaimed 2005 a year of microfinance. And in 2006 one of the founders of Microfinance bank in Bangladesh Dr. Muhammad Yunus became a Nobel Peace Prize winner together… ...

Tailors urged to form groups

Apr 13, 2017 Chilenje Chilenje 0 &

Tailors Association of Malawi (TAM) has indicated a need for all tailors in the country to form groups and work as a team if they are to improve business and access bigger markets. Speaking at… ...

Tourism boosting Malawi’s economy

Apr 08, 2017 Bright Malenga 0 &

The Ministry of Industry, Trade and Tourism has said that tourism is key to Malawi’s economic growth since it has been contributing to Gross Domestic Product (GDP) and creating jobs. Minister responsible Joseph Mwanamvekha made… ...

Standard Bank cuts 2.5%commission on foreign currency sales

Apr 07, 2017 Malawi24 Reporter 1 &

…Offer available to business and holiday travelers Award-winning foreign currency provider Standard Bank is pleased to announce launch of a zero-charge offer on sales of all foreign currencies to customers in appreciation of their support… ...

FDH extends period for listing bank on stock market

Apr 06, 2017 Luke Bisani 0 &

Malawi's diversified investment and financial solutions services group, FDH Financial Holdings Limited, has extended the period for listing FDH Bank on Malawi Stock Exchange (MSE). According to FDH, the bank is still in recapitalization process… ...

Malawians should expect high interest rates – NBS

Apr 05, 2017 Bright Malenga 1 &

NBS Bank has warned Malawians to expect a high interest rate environment even though the economy of the country is projected to be on rebound mainly on account of improved food situation. NBS has said… ...

FMB in talks to buy Zimbabwe’s Barclays

Mar 31, 2017 Russell Kondowe 0 &

Malawi’s First Merchant Bank (FMB) is in exclusive discussions to buy the Zimbabwean unit of Barclays Bank, Malawi24 has learnt. FMB said in a statement on its website it is in exclusive talks to buy… ...