malawi economy Archives

Economic recovery on track: interest rate to go down

Jul 06, 2017 Luke Bisani 11 &

The outcry on Malawi having the highest lending rates has been calmed as the Reserve Bank of Malawi (RBM) has slashed the rate by 4 percent. The rate has been reduced to 18 percent, the… ...

Minibus fares bite hard: passengers left crying

Jul 05, 2017 Lyonike Mughogho 2 &

Malawians have expressed concern over the rise in minibus charges that has been recently agreed upon by minibus drivers. This comes in the aftermath of road traffic police's failure to soften stiff regulations it introduced… ...

Malawi Embassy audit report ready

Jul 04, 2017 Luke Bisani 3 &

Malawi's National Audit Office (NAO) has disclosed that it is to submit a report on ten embassies probed over fraud that occurred in the foreign mission offices. NAO spokesperson Rabson Kagwamminga disclosed that they are… ...

Deputy Agriculture Minister enthused with better prices at the Floors

Jul 03, 2017 Malawi24 Reporter 4 &

Deputy Agriculture Minister Aggrey Massi on Monday toured the Lilongwe Auctions floors and was impressed by the prices the leaf was fetching with the highest leaf on the day fetching as high as $2.60. The… ...

Canada’s Mkango eyeing Malawi’s Songwe Hills for mining

Jun 30, 2017 Luke Bisani 25 &

Although many stakeholders are still not impressed with the mining sector in Malawi, Canadian based Mkango Resources Limited has disclosed that it will start mining activities at Songwe Hills in Phalombe district. Mkango Resources Limited… ...

Govt gets tough on tourism sector

Jun 29, 2017 Victoria Milanzi 2 &

The Ministry of Industry, Trade and Tourism through the Department of Tourism has embarked on an enforcement exercise of the 1 percent tourism levy. According to a statement released by the ministry, the exercise which… ...

Goodall refuses to increase CDF by K12m

Jun 23, 2017 Bright Malenga 28 &

Finance Minister Goodall Gondwe on Thursday shot down demands by Members of Parliament (MPs) to increase Constituency Development Fund (CDF) from K18 million to K30 million. Gondwe instead sanctioned a K2 million increase for the… ...