January 6, 2025-
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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...
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...
Three former executives at Press Corporations Limited (PCL) which include —former Group Chief Executive Officer George Partridge, former Group Financial Controller Elizabeth Mafeni, and former Company Secretary Bernard Ndau—are demanding compensation for alleged...
The disparity between the official exchange rate and the black market rate for the US dollar in Malawi continues to widen. According to a recent snap survey by Times publications, reported that black...
Malawi’s government is seeking $309 billion in unpaid taxes and royalties from Columbia Gem House, a U.S.-based gemstone company, for rubies exported over the past decade. Attorney General Thabo Chakaka Nyirenda alleges that...
Illovo Sugar Malawi plc has announced the appointment of Mr Kondwani Msimuko, FCCA, as its Interim Managing Director, effective January 1, 2025. This follows the transition of Mr Lekani Katandula, who assumes the...
Malawi’s headline inflation rate continues to show signs of improvement down 540 basis points(bps) to 27.0% as of November 2024 from 32.4% in September 2024. The decline was primarily driven by a drop...
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...
It has been about 6 months since the International Monetary Fund (IMF) last visited Malawi to discuss matters related to the Extended Credit Facility (ECF). The absence of communication from the IMF regarding...
Source: NSO Malawi’s headline inflation rate is down 190 basis points(bps) to 32.4% as of October 2024 from 34.3% in September 2024. The decline was primarily driven by a drop in food inflation...
The Reserve Bank of Malawi (RBM) conducted its latest foreign exchange auction on Thursday, 14th November 2024, with three Authorized Dealer Banks (ADBs) participating. The auction, which offered USD $150,000, concluded with all...
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