Month: April 2018 Posts

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… ...

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… ...

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… ...

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… ...

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… ...

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… ...