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September 29th, 2022 Malawi

Business News News


Import bill hits K789bn—report?

Posted on: August 31st, 2022 Malawi Nation News

Malawi’s current import bill at $762 million (K789 billion) as of July due to a surge in global commodity prices could exert more pressure on the current account deficit and the kwacha, experts have warned. The Economist Intelligence Unit (EIU), the research and analysis division of the UK-based Economist Group, expressed the sentiments in a […]


Private sector credit demand rises, hits K899bn 

Posted on: August 27th, 2022 Malawi Nation News

The Reserve Bank of Malawi (RBM) says annual growth in private sector credit accelerated to 21.8 percent in May 2022 from 13.3 percent in April 2021and 20.5 percent in a corresponding month of 2021. On a monthly basis, the stock of private sector credit increased by K80.4 billion or 9.8 percent to K899.9 billion in […]


Ecobank Malawi donates K2m towards Ngoni cultural festival

Posted on: August 31st, 2022 Malawi Nation News

Ecobank Malawi has given K2 million towards Umhlangano Cultural Festival slated for September 1 to 3 in Ntcheu District. Speaking during the handover of the cheque in Blantyre on Wednesday, Ecobank Malawi head of human resources Frank Sabola said as a pan-African bank, they want to support the initiative that forms part of a rich […]


Reunion Insurance gives K5m for Mips lakeshore conference

Posted on: September 6th, 2022 Malawi Nation News

Reunion Insurance Company Limited has given K5 million to the Malawi Institute of Procurement and Supply (Mips) to enable it hold this year’s annual lakeshore conference in Mangochi. Speaking on Monday in Blantyre during the handover of the cheque, the insurance firm’s technical manager responsible for business development and claims Hastings Kapesa said Mips plays […]

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