NAP says direct budgetary support crucial step in bolstering Malawi’s economy
The National Advocacy Platform (NAP) has described the resumption of the budget support by the African Development Bank (AfDB) as a crucial step in bolstering our economy.
FARMSE invests K11.6bn in 17 rural financial inclusion projects
Financial Access for Rural Markets, Smallholders and Enterprise Programme (FARMSE) has invested K11.6 billion in the 17 projects aimed at reducing poverty, enhancing resilience and improving livelihoods in rural areas.
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.
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.
UK speaks on how red tape is derailing business in Malawi
As Malawi and the United Kingdom (UK) partnership officially clocked 60 years, the British Government says setting up businesses in the country would be...
Chakwera administration earns Standard Bank praise for implementing economic reform proposals
Standard Bank of Malawi plc has applauded the commitment of President Dr. Lazarus McCarthy Chakwera’s government’s commitment to move with implementation of some of the economic reform proposals tabled during the Standard Bank-hosted Leadership Round Table series.
Cooperative bemoans lack of support for local products
Tithokoze Lime Makers Cooperative Society which manufactures lime in Blantyre on Monday said the lack of support for local products in the country threatens its survival on the market.
Malawi’s forex reserves improve to 1.3 months of import
Malawi’s gross official foreign exchange reserves position went up to $321.53 million or 1.29 months of import by the end of June 2023 from $194.82 million (0.78 months), NICO Asset Managers have disclosed.
PayChangu paves the way for e-commerce growth in Malawi
In a significant leap for Malawi's digital economy, PayChangu is transforming the e-commerce landscape by providing businesses with a seamless and efficient online payment gateway. This innovative platform is not only streamlining transactions but also fueling the growth of digital products and services across the country.
NBM discontinues pre-approved forex limits
Economics expert Kingsley Jasi says the move will impact individuals and businesses as the country grapples with forex scarcity
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.
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.
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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.