Ministry of Agriculture Sought Due Diligence on East Bridge SLR, Anti-Corruption Bureau Clarifies
The Anti-Corruption Bureau (ACB) has provided clarification regarding the Ministry of Agriculture’s request for due diligence on a Romanian company.…
Category: Business
Malawi Revenue Authority Resumes Physical Examination of Used Clothing, Targeting Banned Undergarments
The Malawi Revenue Authority (MRA) has announced the resumption of physical examinations on consignments of used clothing, specifically focusing on…
National Food Reserve Agency Boosts Strategic Grain Reserve, Aims for Substantial Quantity
Blantyre, Malawi – The National Food Reserve Agency (NFRA) has announced its efforts to bolster the national strategic grain reserve,…
NICO Group Achieves Impressive Profit Growth, Reports K37.5 Billion After-Tax Profit in 2022
Blantyre, Malawi – NICO Group, a leading conglomerate offering comprehensive solutions in various sectors, including insurance, banking, asset management, and…
Former Finance Minister Goodall Gondwe Implicated in Controversial Bus Depots Acquisition
In a shocking turn of events, former Minister of Finance Goodall Gondwe has been implicated in the alleged flouting of…
National Bank of Malawi Empowers Village Banks with 9 Billion Kwacha in Loans
The National Bank of Malawi (NBM) has successfully disbursed loans totaling 9 billion Kwacha to village banks through its ‘Kasupe…
Malawi’s Forex Reserves Drained as Cheap Japanese Car Imports Impact Economy
The Japanese car exporter, Be Forward, has raised concerns about the challenging business environment in Malawi, attributing it to the…
Zambia Assumes Chairmanship of COMESA: A New Era of Regional Cooperation Begins
Zambia’s President Hakainde Hichilema has expressed his pride as Zambia assumes the chairmanship of the Common Market for Eastern and…
Ministry of Agriculture Inks Unprecedented Fertilizer Supply Contract with Romanian Company for Affordable Inputs Program
In a groundbreaking development, the Ministry of Agriculture has entered into a contract with East Bridge Estates, a Romanian company,…
Malawi’s Foreign Exchange Reserves Rapidly Depleted, Urgent Measures Required
In a concerning development, the Reserve Bank of Malawi has revealed that the country’s foreign exchange reserves have reached critically…
Tanzanian Nationals Apprehended for Illegal Gold Mining in Ntchisi Forest Reserve: Precious Stones Seized
In a significant development, two Tanzanian nationals have been arrested for their alleged involvement in illegal mining activities within the…
Over 600 Medium-Scale Farmers Apply for Malawi Government’s Mega Farms Project to Combat Food Insecurity
In a significant development to address food insecurity, the Malawi government has announced that more than 600 medium-scale farmers have…