NEEF incurs huge losses due to Weak Systems, High Default Rate
National Economic Empowerment Fund (NEEF) has incurred a K13.6 billion loss while non-performing loans have also been increasing, the 2023 Annual Economic Report from the Ministry of Finance and Economic Affairs reveals.
2023 tobacco marketing season opens April 12
The Tobacco Commission (TC) has announced that the 2023 tobacco marketing season will open on 12th April by State President Lazarus Macathy Chakwera at Lilongwe Auction Floors.
Paramount Holdings Limited appointed authorized dealer for Yamaha products in Malawi
A leading Japanese engineering company – Yamaha Motor Company – has appointed Paramount Holdings Limited as an authorized importer and seller for Yamaha motorcycles & other YAMAHA products in Malawi.
President Chakwera asks Qatari Government to bail Malawi from acute shortage of forex and...
Malawi President Dr. Lazarus McCarthy Chakwera has asked Qatari Deputy Prime Minister and Minister of State for Defence Affairs, Dr. Khalid bin Mohamed Al Attiyah, to help Malawi recover from ‘acute shortage of foreign exchange (forex) and fuel.
Atupele Muluzi, Joshua Chisa Mbele denounce politicization of kwacha devaluation
United Democratic Front (UDF) leader Atupele Muluzi and socio-political activist Joshua Chisa Mbele have denounced the tendencies by opposition political parties to politicize devaluation of the Malawi Kwacha against major currencies such as the United States of America (USA) dollar.
Old Mutual Unit Trust, Airtel Money collaborate in PHUKA Digital Savings Platform launch
Old Mutual Unit Trust Company (Malawi) Limited (OMUT) has launched a digital savings platform called Phuka Digital Savings in partnership with Airtel Money, on 25 October 2023 in Blantyre.
Airtel Malawi rebrands from Smart phone to A reason to Imagine
Airtel Malawi plc, a leading network provider in Malawi, has rebranded its company strapline from the Smart phone network to "A reason to Imagine" with the main focus on young people.
Chakwera determined to revamp the economy – Chithyola
The Minister of Finance and Economic Affairs Simplex Chithyola Banda on Sunday assured Malawians of President Dr. Lazarus McCarthy Chakwera’s commitment to revamp the economy to spur social and infrastructural development.
MyBucks encourages women to embrace digital banking
MyBucks Banking Cooperation Malawi Managing Director, Zandile Shaba has advised women in the country to embrace digital banking if they are to participate in the digital economy.
MyBucks introduces new fee collection system
MyBucks Banking Cooperation has launched a new mobile fee collection system that enables its registered mobile banking customers to easily pay fees for schools, hospitals, and churches.
FARMSE partners FDH to boost access to financial services
District Coordinator for Financial Access for Rural Markets, Smallholder Enterprises Programme (FARMSE), Jessie Njikho says the programme has partnered with FDH Bank to boost access to financial services in rural areas.
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FinES Project disburses K32bn to MSMEs in Malawi
World Bank-funded Financial Inclusion and Entrepreneurship Scaling (FinES) Project has disbursed MK32 billion to 33, 000 micro, small and medium enterprises (MSMEs) since the Reserve Bank of Malawi (RBM) rolled out the project mid 2021.
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Mutharika sets bold path for economic recovery amid fiscal turmoil
The President’s message marks a shift from rhetoric to reform — promising a mix of fiscal discipline, debt restructuring, and renewed trust in governance as the pillars of economic recovery. But as experts warn, implementation will determine whether the blueprint delivers real relief to Malawians still burdened by inflation and poverty.
Mutharika reintroduces FISP, declares food security top priority
President Arthur Peter Mutharika has reaffirmed his administration’s commitment to ensuring that no Malawian dies of hunger, announcing sweeping interventions in the agriculture sector,...
RBM warns of inflation surge, keeps policy rate at 26%
The Reserve Bank of Malawi has kept the Policy Rate at 26%, warning that inflation could reach 28.9% by year-end due to fuel prices and weak fiscal control.