Standard Bank Malawi Plc has announced an interim dividend of MK21.31 per ordinary share for the financial year ending 31 December 2024. This represents a total payout of MK5 billion, as resolved by the Board of Directors on 8 January 2025. Dividend Details This decision highlights...
The Malawian equities market ended on a positive note today, with the Malawi All Share Index (MASI) rising to 187,224.07, up from 187,159.01, reflecting a 0.03% gain. This change shows a positive Year To Date (YTD) return of 8.83%. Market capitalization increased by MK3.8 billion to...
The Malawian equities market ended on a positive note today, with the Malawi All Share Index (MASI) rising to 187,159.01, up from 180,250.58, reflecting a 3.83% gain. This change shows a positive Year To Date (YTD) return of 8.79%. Market capitalization increased by MK37.02 billion to...
In a significant move, President Lazarus Chakwera has dismissed Reserve Bank of Malawi (RBM) Governor Wilson Banda. This decision comes amid growing concerns over Malawi’s economic challenges, including rising inflation, foreign exchange shortages, and a depreciating currency. Leadership Changes at a Critical Time Wilson Banda, who...
FDH Bank Plc has issued a cautionary statement advising the public of its ongoing efforts to acquire a controlling stake in a bank within the African region. The announcement, dated 2nd January 2025, highlights the bank’s strategic goal of pursuing regional growth. The Board of Directors...
As of 6th December 2024, Bitcoin reached a historic milestone, surpassing the USD 100,000 mark and achieving a market capitalization of USD2 trillion. This remarkable rally cements Bitcoin’s position as the world’s leading cryptocurrency and a dominant force in the global financial system. The surge in...
As the curtains closed on 2024, the Malawi Stock Exchange (MSE) demonstrated remarkable resilience and growth, with the Malawi All Share Index (MASI) posting a 55.06% increase in local currency terms. This solid performance places Malawi among the top-performing African markets, reflecting robust investor confidence despite...
Imagine a future where network towers are no longer the backbone of connectivity, and the internet reaches even the most remote corners of Malawi, not through cables or towers, but directly from space. This is the promise of Starlink, Elon Musk’s satellite internet service, now making...
In a nation grappling with persistent economic turbulence, one sector stands out for its remarkable resilience—banking. While many industries struggle to stay afloat, Malawi’s banks are raking in record profits, weathering every economic storm with ease. Recent trading statements show that the sector is poised for...
Owning a home is a dream for many Malawians, yet the concept of mortgages remains shrouded in mystery for most. With limited awareness and accessibility, many people wonder: What exactly is a mortgage, and how does it work in Malawi? Yes!, let’s break it down and...
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