Business

Scramble For Malawi: ‘Warm Heart of Africa’ Brand Thrills European Tourists At World Tourism Fair In Berlin

Scramble For Malawi: ‘Warm Heart of Africa’ Brand Thrills European Tourists At World Tourism Fair In Berlin

Malawi’s tourism sector could get a boost after the ‘Warm Heart of Africa’ brand caught the attention of European tour operators at the annual tourism fare in Berlin, Germany. Director of Tourism, Patricia Liabuba disclosed this in an interview on her return from Germany where she went to represent Malawi. She explained that the unrest […]

Comesa Disburses K158m to Malawi

Malawi is among eight countries in the Common Market for Eastern and Southern Africa (Comesa) to receive a share of merger filling fees. Malawi has pocketed $374,279 which is equivalent to K158,320,017. The merger filling fees are collected by the Comesa Competition Commission, a regional instrument which currently sits in Lilongwe. Comesa publicist Mwangi Gakunga […]

ACB arrests former Accountant General Kandoje For Authorising ‘Bogus’ MK500millon To Staddal Building Contractors

ACB arrests former Accountant General Kandoje For Authorising ‘Bogus’ MK500millon To Staddal Building Contractors

The Anti-Corruption Bureau (ACB) has arrested David Kandoje the then Accountant General for being suspected of authorizing payment of two cheques amounting to MK 500 million payable to Staddal Building Contractors without appropriate supporting documents. According to the press statement made available to Malawi News Agency (Mana), the Anti-Corruption Bureau on 12th September, 2013 received […]

Malawi President Asked To Act On Interest Rates

Malawi President Asked To Act On Interest Rates

The Indigenous Business Association of Malawi (Ibam) has called upon President Peter Mutharika to make a declaration calling for lowering of lending rates by commercial banks in the country. Ibam president mike Mlombwa said in an interview that many small businesses which could have significantly contributed to Malawi’s economic growth may fold up soon if […]

Goodall Gondwe Pegs Next Budget At K900bn

Goodall Gondwe Pegs Next Budget At K900bn

Minister of Finance, Economic Planning and Development Goodall Gondwe has estimated the 2015/16 National Budget at K900 billion with K50 billion going directly to repayment of K155 billion accumulated arrears and another K50 billion to be used for disaster activities. This means the Budget will rise from the current K769 billion to K900 billion. He […]

Breaking News: IMF Finally Approves US$ 18.1 Million Disbursement To Malawi, ‘Our Programs Were Significantly Damaged Through Cashgate In The Run- up To Elections’

Breaking News: IMF Finally Approves US$ 18.1 Million Disbursement To Malawi, ‘Our Programs Were Significantly Damaged Through Cashgate In The Run- up To Elections’

IMF Executive Board Press Release No. 15/133 March 23, 2015 The Executive Board of the International Monetary Fund (IMF) today completed the fifth and sixth reviews of Malawi’s economic performance under the program supported by an Extended Credit Facility (ECF) arrangement.1 The Board’s decision enables the immediate disbursement of SDR 13.02 million (about US$18.1 million), […]

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