Category Archives: Business

Man arrested for having sex with his daughter to get rich

January 17, 2018 no comments

Police in Balaka have arrested a man and his wife for the sexual defilement of their 15 year old daughter (name withheld) on recommendation from a witch doctor. According to information made availabl...

Grandpa arrested for cultivating Marijuana

January 17, 2018 no comments

Lilongwe Police Station on Tuesday arrested Stafford Chalombe, 63, for cultivating, possessing and selling Marijuana (Chamba/Indian Hemp). According to Central Region Police spokesperson Nolliettie C...

Tunisia caught in anti-austerity protests

January 12, 2018 no comments

Tunisian police have clashed with protesters in a fourth consecutive night of demonstrations against  austerity measures implemented in the 2018 budget. According to Reuters, there have been demonstr...

FMB announces Scheme of Arrangement on merger with LFC

January 6, 2018 no comments

First Merchant Bank plc (FMB) has announced the Sheme of Arrangement” of its amalgamation and merger with The Leasing and Finance Company of Malawi Limited (LFC) in a press release by Oswald Mt...

Poultry farmers urged to embrace Quail farming

December 23, 2017 no comments

Quail Farming Encouraged in Malawi The Poultry Association of Malawi (PAM) has advised farmers in the country to adopt Quail farming as a way of supplementing the keeping of birds. PAM general secret...

FMB delists from Malawi Stock Exchange

December 22, 2017 no comments

FMB Capital Holdings (FMBCH) has delisted its wholly owned subsidiary, First Merchant Bank Limited (FMB) from the Malawi Stock Exchange (MSE) following a transfer of shares to FMB Capital Holdings ea...

Mzuzu Honey cooperative posts K2.5m profits

December 15, 2017 no comments

Mzuzu based Nkholongo Honey Cooperative posted about K2.5 million in profits last year after selling 700kgs of honey. The 35 member group has since constructed a modern factory which will enable the ...

Kamuzu International Airport Expansion gets Delayed

December 12, 2017 no comments

Terrastone Construction Limited Pulls Out As Sub Contractor! The Ministry of Transport and Public Works has confirmed that work to expand Kamuzu International Airport (KIA) have stalled after disagre...

Nsanje Police recovers 36 illegal FISP coupons

November 21, 2017 no comments

Suspect escapes through the backdoor Nsanje Police have recovered 36 coupons meant to purchase government subsidized farming inputs and cash amounting to K230,000. Police Public Relations Officer Ser...

AHCX, ACE partner to promote structured markets

November 14, 2017 no comments

AHL Commodities Exchange (AHCX) and Agricultural Commodity Exchange (ACE) on Friday signed a Memorandum of Understanding (MoU). The intention of the MoU is to allow cooperation in developing markets ...