Business

Unity Of Purpose: Malawi Parliament Approves 2014/2015 Supplementary Budget

Unity Of Purpose: Malawi Parliament Approves 2014/2015 Supplementary Budget

Members of Parliament on Tuesday approved the supplementary estimates for the 2014/2015 budget totaling to MK769, 143, 400, 705 which was presented in parliament by Minister of Finance Dr. Goodall Gondwe. The supplementary recurrent estimates were passed after thorough scrutiny by members of parliament which started last week. The Minister of Finance had requested for […]

IMF, African Development Bank Positive On Malawi:Set To Resume Budget Support

IMF, African Development Bank Positive On Malawi:Set To Resume Budget Support

The International Monetary Fund (IMF) says preparations are at an advanced stage to bring the fifth and sixth reviews of the Extended Credit Facility (ECF) for Malawi to the attention of its Executive Board mid next month. Completion of the two reviews could bring the IMF-supported programme—which involves total lending of $147 million (about K66 […]

No More Riders:Malawi Govt Finally Bans Packaging Of Liquor In Sachets

No More Riders:Malawi Govt Finally Bans Packaging Of Liquor In Sachets

REGULATIONS ON THE PRODUCTION, MARKETING AND DISTRIBUTION OF LIQUOR SATCHETS At its meeting held on 16th February, 2015, Cabinet decided to promulgate regulations under section 96 of the Liquor Act to govern the production, marketing and distribution of liquor. Following the decision, Government will not allow the packaging of liquor in sachets and in quantities lower […]

Over 2000 Vote in Mk14milion Airtel Trace Music Finals

Over 2000 Vote in Mk14milion Airtel Trace Music Finals

Final voting into the Mk14million worthy Airtel Trace Music finals has so far attracted a total of 2063, the leading telecommunication service providers announced on Tuesday. According to the company, the 2063 votes were as of Monday February 16, with a registration of 735 unique voters. Subscribers participating in the sms voting stand a chance […]

Ndirande Business Tycoon Paseli Arrested Over K4 million Deal

Ndirande Business Tycoon Paseli Arrested Over K4 million Deal

Police in Blantyre have arrested Ndirande based business tycoon Ali Paseli alongside two Group Four-G4 Security guards on suspicion that they connived and stole 481 boxes of house tiles from Cross Roads Hotel in Blantyre currently under construction. Blantyre police Assistant Public Relations officer Andrew Mayawo said on Monday that Paseli connived with two G4 […]

World Bank Promises Malawi US$50 Million To Maintain Areas Affected With Floods

World Bank Promises Malawi US$50 Million To Maintain Areas Affected With Floods

The World Bank has assured of assisting the country with US$50 million to help in maintaining areas that were affected by floods. Minister of Finance, Goodall Gondwe said,’’ The Bank decided to help the country having considered the diverse impact of the flooding and the desperate need for a quick response.’’ Gondwe said apart from […]

Malawi President Meets Seven Top Most World Bank Directors:Pleads With Them To Resume Budgetary Support

Malawi President Meets Seven Top Most World Bank Directors:Pleads With Them To Resume Budgetary Support

President Prof. Peter Mutharika on Friday asked the World Bank to consider resumption of the budgetary support to Malawi to fasten the social economic development of the country. Mutharika made the appeal at Kamuzu Palace in Lilongwe where he held a serious meeting with a group of seven most top Directors of the Bank. The […]

Illovo To Plant 15,000 Seedlings

Illovo To Plant 15,000 Seedlings

The Illovo Environmental Department in Dwangwa plans to plant about 15000 seedlings during this year’s tree planting season in order to fight floods. Since the onset of the rain season, floods have wreaked havoc in Malawi killing one hundred and seventy six people and displacing one hundred and seventy five. Speaking at Kasasa school in Dwangwa, the […]

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