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Small scale mining

Tax outflows, debt cripples Malawi’s growth

Apr 16, 2018 Collins Mtika 0 &

Malawi is struggling to address loss of revenues due to smuggling of minerals, unregulated artisanal and small-scale mining activities, under declaration of taxable income and transfer mispricing by mining companies. Reserve Bank of Malawi statistics… ...

Peter mutharika

APM says Malawi’s economy favourable for investors

Apr 11, 2018 Bright Malenga 5 &

President Peter Mutharika has said the country’s economic stability is favourable for foreign investments. Mutharika made the remarks at Kamuzu Palace in Malawi's capital, Lilongwe during a meeting with Norwegian Minister of International Development Nikolai… ...

Women continue to face economic challenges – World Bank

Apr 08, 2018 Martha Chikoti 0 &

World Bank says women continue to face different challenges that prevents them from undertaking economic activities. According to World Bank's Women Business and Law report for 2018, women are facing widespread barriers, entrenched in laws… ...

National Bank of Malawi

NBM makes K19 billion profit

Apr 05, 2018 Bright Malenga 0 &

National Bank of Malawi (NBM) made a profit of K19 billion in 2017. This has been revealed in an audited summary report for the year ended 31 December, 2017. According to the statement, the bank… ...

Reserve Bank of Malawi

RBM maintains policy rate

Mar 29, 2018 Mike Lyson Zgambo 0 &

The Reserve Bank of Malawi (RBM) has maintained the policy rate at 16 percent. Speaking at a press briefing, Reserve Bank Governor Dalitso Kabambe said the Monetary Policy Committee (MPC) at its meeting this week… ...

NBS malawi

We don’t demand money from promotion winners – NBS Bank

Mar 28, 2018 Bright Malenga 0 &

NBS has warned its customers to be wary of unruly people who steal money from the customers by lying about promotions from the bank. According to the bank, such people send its customers texts or… ...

Shri Venkaiah Naidu

Indian Veep hails India-Africa relations

Mar 27, 2018 Bright Malenga 0 &

Vice President of India Shri Venkaiah Naidu has hailed the relations between India and African countries. Naidu praised the India-Africa relations during a luncheon hosted at the Hyderabad House with African delegates who are in… ...

Chilima calls for export diversification

Mar 26, 2018 Bright Malenga 0 &

Malawi Vice President Dr Saulos Klaus Chilima has called on African countries to diversify their exports to maximise the continent’s economic strength. Chilima made the sentiments during India-Africa Conclave in New Delhi, India where he… ...

poverty

Goodall again! Finance minister caught pants down

Mar 10, 2018 Malawi24 Reporter 12 &

Minister of Finance Goodall Gondwe has been caught lying over Malawi’s debt levels. In December, Gondwe told Parliament that the country’s debt is at K2.4 trillion including a domestic debt of K1.1 trillion. The minister… ...

malawi market

Malawi bans South African meat products

Mar 06, 2018 Malawi24 Reporter 6 &

Malawi has banned the sale of processed meat from South Africa following the outbreak of listeria poisoning in the rainbow nation. The Competition and Fair Trading Commission (CFTC) has ordered wholesalers and distributors of South… ...

President Peter Mutharika

Govt against using foreign currencies in local transactions

Mar 01, 2018 Bright Malenga 9 &

Malawi Government through Ministry of Finance has warned against using foreign currencies in local transactions saying the practise is illegal. According to a statement signed by Secretary to Treasury Ben Botolo, the act is against… ...

Entrepreneurship conference set for April 7

Feb 19, 2018 Luke Bisani 0 &

Malawi’s high unemployment rate has been a sad reality faced by many with the majority being the youth, compelling some young people to organise a conference on entrepreneurship. The conference has been organised to drill… ...

Gondwe

Malawi economy to grow by up to 5% – IMF

Feb 15, 2018 Archangel Nzangaya 60 &

The International Monetary Fund (IMF) says Malawi’s economy will grow by up to 5 percent in 2018. IMF Mission Chief for Malawi Pritha Mitra said on Wednesday that economic growth of 3 to 5 percent… ...

Ollen Malubunju

Malawians urged to track public expenditure

Jan 23, 2018 Bright Malenga 0 &

NICE Trust has said it is the responsibility of every Malawian to know how public funds are being utilised at both local and central government levels. The sentiments were said by NICE Trust Executive Director… ...

Chiefs

Dedza chiefs want tax on soap removed

Jan 18, 2018 Luke Bisani 35 &

Chiefs in Dedza have called for the removal of tax on soap saying Malawians in rural areas cannot afford the item due to its high price. Senior Chief Kachindamoto of Dedza has asked government through… ...

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