MACRA To Establish Studios And Centres Of Excellence

The Malawi Communications Regulatory Authority (MACRA) says it is in the process of establishing studios and centres of excellence for capacity building in the production of local content for the television industry in the country and abroad. MACRA’s board chairperson Mervis Mangulenje said this on Tuesday in Lilongwe during the opening of a three day […]

National Bank of Malawi In K24.5 billion Profit Jump

National Bank of Malawi In K24.5 billion Profit Jump

Shareholders for Malawi Stock Exchange listed National Bank of Malawi (NBM) should be a happy lot following revelations that the bank expects a more than 25 percent profit jump for the year ended December 31 2016. In 2015 the country’s biggest bank by assets posted a pre-tax profit of K19.6 billion down from K20.7 billion […]

Illovo Refutes Looming Sugar Scarcity Claims

Illovo Refutes Looming Sugar Scarcity Claims

Illovo Sugar Company Thursday denied rumours going round on social media that the country might experience shortage of sugar on the local market because the company is not crushing any cane since November, 2016. According to Illovo Public Relations Officer, Ireen Phalula, the rumours are not true as the company has always had enough stocks […]

Mutharika, Lungu Hold Bilateral Talks: Malawi, Zambia Leaders Focus On Trade, Shire-Zambezi Waterway

Mutharika, Lungu Hold Bilateral Talks: Malawi, Zambia Leaders Focus On Trade, Shire-Zambezi Waterway

Malawi President Peter Mutharika and Zambia President Edgar Lungu on Tuesday held bilateral talks focusing on a range of  key issues including  boosting trade and progress on the actualization of the Shire Zambezi World In-land Port project, regional integration and Agriculture. Spokersperson for the Malawi leader, Mgeme Kalilani told Nyasa Times the two leaders discussed […]

Mail & Guardian Report Dubs Khato Civils As A New Frontier In Africa (Read Full Report Here)

Mail & Guardian Report Dubs Khato Civils As A New Frontier In Africa (Read Full Report Here)

Businessman Simbi Phiri has been criticised by his detractors for always taking risks — and going where angels fear to tread. But in an interview, Phiri shrugs off criticism of his style. Phiri, the highflying construction magnate and chairman of Khato Civils, is plotting his next move in conquering sub-Saharan Africa. The businessman revealed this […]

Lilongwe Water Board Shines: Named Number One Best Performing Parastatal In The Delivery Of Public Services

Lilongwe Water Board Shines: Named Number One Best Performing Parastatal In The Delivery Of Public Services

LILONGWE WATER BOARD (LWB) has been  named the Number One best performing parastatal in the delivery of public services in the 2015/2016 Financial Year. LWB got the award, which included a Certificate and a Trophy, during the opening of the Managing for Development Results Learning Week an initiative of the Office of the President and […]

World Bank Set To Resume Budgetary Support… Says Malawi Has Met 95percent Of The Conditions

World Bank Set To Resume Budgetary Support… Says Malawi Has Met 95percent Of The Conditions

The World Bank says Malawi has high chances of getting budget support having made tremendous progress in public financial management. Visiting Vice President of the Bank responsible for Africa Makhtar Diop disclosed this when he met President Peter Mutharika at the Kamuzu Palace in Lilongwe. Mr Diop disclosed that prior to meeting with the President, […]

APM Hails World Bank For Splashing US$70 million To Malawi For MASAF IV Project

APM Hails World Bank For Splashing  US$70 million To Malawi For MASAF IV Project

President Peter Mutharika has expressed gratitude to the World Bank for providing up to US$70 million financing under the MASAF IV project. The President said the resources will be used for the social cash transfer and public works programmes. Professor Mutharika was speaking in Lilongwe when he met in audience the World Bank Vice President […]

AfDB Approves $20m Soft Commodity Value Chain Operations In Malawi, Mozambique and Zimbabwe

AfDB Approves $20m Soft Commodity Value Chain Operations In Malawi, Mozambique and Zimbabwe

The African Development Bank has approved US $20 million to finance Meridian’s soft commodity value chain operations in Malawi, Mozambique and Zimbabwe. This Soft Commodity Finance Facility is designed to provide pre- and post-shipment finance along various stages of Meridian’s soft commodity value chain operations in the three countries concerned, to help local farmers and […]