Malawi’s Reserve Bank Purchases 200 Kilograms of Gold Worth MK9.4 Billion
In a bid to boost the country’s foreign reserves, the Reserve Bank of Malawi (RBM) has reportedly purchased 200 kilograms…
Breaking News From Malawi & Africa
In a bid to boost the country’s foreign reserves, the Reserve Bank of Malawi (RBM) has reportedly purchased 200 kilograms…
Malawi’s President Lazarus Chakwera has announced plans to review all poorly negotiated mining deals in the country to ensure that…
Malawi’s monthly fuel demand has jumped from 31-37 million litres in 2021 to 52 million litres per month due to the industry’s reliance on diesel. The Kapichira outage has exerted pressure on the country’s forex reserves and the industry has been subjected to expensive diesel for close to a year. The Malawi Confederation of Chambers of Commerce and Industry calls on the government to resolve the Kapichira outage and bring fuel prices under control.
The Malawi Confederation of Chambers of Commerce and Industry (MCCCI) has called on the government to establish a Special Purpose Vehicle (SPV) or Industrial Development Fund in the upcoming 2023/24 budget. The fund aims to provide patient capital for investments in the manufacturing sector, as the MCCCI believes that boosting manufacturing will lead to forex generation and promote import substitution.
Reserve Bank of Malawi Rejects ADB Bids in Foreign Exchange Auction, Stabilizing Kwacha for January
High-profile fuel import contracts case hearing cancelled in Lilongwe court due to Judge’s schedule. Case involves accusations of attempting to influence a public officer in violation of Corrupt Practices Act. Defendants include former Minister of Energy, Presidential Aide and Alliance for Democracy President
FDH Bank plc and Women in Marketing Activities and Initiatives (Mwai) have joined forces to empower women-owned small and medium…
The Malawi Stock Exchange (MSE) has reported a return on index (ROI) of 36.74% for the year 2022. According to…
The state broadcaster of Malawi, the Malawi Broadcasting Corporation (MBC), has decided to terminate its long-standing copyright agreement with the…
The devaluation of the Malawi Kwacha has been a major concern for the country’s economy in recent years. The currency…
Henry Mathanga, the former deputy governor of the Reserve Bank of Malawi (RBM) was yesterday arrested and released on bail…
The wrangle for land between the Department of Museums and Platinum Investments Limited has been settled with the Department reclaiming…