In Malawi’s bustling markets and small shops, a quiet rebellion is unfolding against one of the country’s smallest currency denominations: the MK20 note. Vendors, small shop owners, and even some retailers are refusing to accept the note, deeming it too insignificant for meaningful transactions. The Reserve...
Telekom Networks Malawi Plc (TNM) a listed company on the Malawi Stock Exchange(MSE) has disclosed a proposed related party transaction involving a shareholder loan from Press Corporation Plc (PCL), a major stakeholder holding 43.72% of TNM’s share capital. This transaction, disclosed in accordance with the Malawi...
The Malawi Stock Exchange closed on a high note today as National Bank of Malawi (NBM) saw its share price soar by 14.81% to MWK 4,571.07, propelling the bank’s market valuation to an impressive MWK 2.13 trillion. This significant jump cements NBM’s position as one of...
After months of queuing at fuel stations, Malawians might finally see relief. The Malawian government has announced a transition from the open tender system to a government-to-government (G2G) arrangement for fuel procurement, aiming to address the country’s persistent fuel shortages. President Lazarus Chakwera outlined the new...
ICON Properties plc (ICON) has released a traditing statement for the financial year ended 31 December 2024 and expects it’s Profit after Tax(PAT) to be between MK22 billion and MK25 billion representing an increase of between 15% to 30% above the previous year ended 31 December...
National Investment Trust plc(NITL) has released a traditing statement for the financial year ended 31 December 2024 and expects it’s profit after tax to be between MK28.0 billion and MK30.5 billion. This represents an increase of between 30% and 42% from the previous corresponding period where...
Telekom Networks Malawi Plc has released a traditing statement for the financial year ended 31 December 2024, expecting it’s Profit after Tax(PAT) to be between MK8.14 billion and MK9.11 billion. This represents an increase of between 271% and 291% from the previous corresponding period ended 31...
National Bank of Malawi plc has released a traditing statement for the financial year ended 31 December 2024 indicating strong financial performance. The bank expects Profit after Tax to be between K92.97billion and K98.25 billion. This represents an increase between 29% and 37% compared to MK71.96...
NBS Bank Plc has issued a trading statement forecasting a remarkable increase in profit after tax for the financial year ending 31st December 2024. The bank expects its profit to range between MWK 68.6 billion and MWK 72.5 billion, representing an impressive growth of 133% to...
Sunbird Tourism Plc has issued a trading statement projecting a significant increase in profit after tax for the year ending 31st December 2024. The company expects profits to range between MWK 10.7 billion and MWK 11.8 billion, marking an impressive growth of 102% to 122% compared...
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