Category Archives: Business

Malawi facing toughest period in its history – President Lazarus...

March 1, 2021 no comments

President Lazarus Chakwera has said Malawi is facing its toughest period since the Republic was formed over 50 years ago. Chakwera expressed his views in a National address where he highlighted the 1...

Serious Debt: Fugitive Bushiri owes over K10,000,000,000

December 8, 2020 no comments

News coming in from South Africa shows that Shepherd Huxley Bushiri and his wife Mary through their Shepherd Bushiri Investments have a debt of over K10 Billion which creditors are looking to recover...

Price of Big Cucumbers goes up in Blantyre

November 25, 2020 no comments

A spot check investigation by Nyasapost in and around Blantyre has confirmed that the price of Cucumbers aka Nkhaka has gone up exponentially since last weekend. While normally used as vegetable, a v...

Pioneer Investments Zameer Karim arrested over K850m Ecobank bank frau...

November 14, 2020 no comments

Zameer Karim of Pioneer Investments has been granted bail after State Prosecutors charged the Asian business tycoon with intent to defraud Ecobank Malawi of K850,000,000.00. Karim spent four days in ...

Mzuzu City Council needs K1.5b to help cover debts

August 7, 2020 no comments

Authorities at Mzuzu City Council (MCC) are in need of K1.5 billion to help them settle debts and cater for other operations in order to provide quality services to both residents and companies. The ...

Vice President Saulos Chilima urges for focus on long term development...

August 6, 2020 no comments

Vice President Saulos Chilima has said the country needs to stop having short-term plans if it is to develop. Chilima says the MDGS III will be reviewed to align with the Vision 2063 once launched. H...

Cash Madam, Collins Magalasi & others granted bail by Lilongwe Ma...

August 5, 2020 no comments

Lilongwe Chief Resident Magistrate Violet Chipawo has granted bail to MERA CEO Collins Magalasi and two other Mera officials, Patrick Maulidi and Bright Mbewe as well as businessperson Dorothy Shonga...

ESCOM disrupts business in Bangwe Township: Shops shut down!

July 31, 2020 no comments

Business has been disturbed at Mthandizi Market in Bangwe Township, Blantyre where Electricity Supply Corporation of Malawi (Escom) has disconnected electricity from about 30 shops, including bars an...

Minister of Information Gospel Kazako asks Airtel to reduce number of ...

July 30, 2020 no comments

Minister of information Gospel Kazako has asked Airtel Malawi to reduce the number of foreign nationals working for the company in Malawi and start creating room for indigenous Malawians. He said thi...

MRA seizes seven Luxury cars belonging to Peter Mukhito former State H...

July 30, 2020 no comments

Malawi Revenue Authority (MRA) yesterday detained seven cars belonging to former State House Chief of Staff, Peter Mukhitho. A statement signed by the authority’s spokesperson Steven Kapoloma said MR...