January 31, 2025-
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First Capital Bank plc (FCB) has signed up to $8.5 million in financing for Lotus Resources Limited, supporting the restart of uranium production at Kayelekera in Karonga, Malawi. This move aligns with Malawi’s...
First Capital Bank plc (FCB) has signed up to $8.5 million in financing for Lotus Resources Limited, supporting the restart of uranium production at Kayelekera in Karonga, Malawi. This move aligns with Malawi’s...
Belgium-based EDFI Management Company (EDFI MC) has made a $5 million strategic investment in NBS Bank Plc, aiming to strengthen Malawi’s agricultural sector by enhancing productivity and livelihoods for smallholder farmers. According to...
Malawi has taken a significant step toward enhancing its energy sector by signing a $300 million National Compact for Energy in alignment with the Africa Region Energy Compact and the United Nations Energy...
Airtel Malawi Plc has announced the appointment of Mr. Aashish Dutt as its new Managing Director taking over from Mr Abdul Khayyum Shaik who served as acting Managing Director since November 2024. Mr....
Malawi’s headline inflation rate increased to 28.1% in December 2024, up from 27.0% recorded in November. The rise in inflation was driven by higher food prices particularly maize staple food which saw a...
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,...
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...
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...
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...
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...
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