Minister Gwengwe attributes cement scarcity to forex shortage
Minister of Finance and Economic Planning, Sosten Gwengwe, has disclosed that the shortage of foreign currency is the major factor contributing to the scarcity of cement in Malawi.
Kamtukule hails BM Sofa Designs for expanding business to Lilongwe
Minister of Tourism Vera Kamtukule has commended BM Sofa Designs Furniture for expanding its business to the Capital City, Lilongwe.Â
Cooperatives, a backbone of economic empowerment and wealth creation- Chakwera
President Lazarus Chakwera has said that cooperatives are a cornerstone of economic empowerment and wealth creation in the country.
SPC calls for increased investment in agribusiness
Secretary to the President and Cabinet (SPC) Collen Zamba has called for increased investment and collaborative efforts to improve agribusiness industry in Malawi.
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.
SMEs, VSLs trained in financial managementÂ
About 1000 people belonging to Small and Medium Enterprises (SME) and Village Savings and Loans (VSL) groups in Blantyre have been equipped with the knowledge on financial management practice to promote budgeting, savings and investing culture.
