[Gregory Gondwe] The President of Malawi, Bingu wa Mutharika's government which had been adamant on devaluing the national currency, the Malawi Kwacha (MK), has finally succumbed to the pressure.
10 Aug 2011 11:28
[Gregory Gondwe] Packaging Industries Malawi (PIM) Limited has been allowed by the commercial court to delist from the Malawi Stock Exchange (MSE) following a decision from the company's minority shareholders to sell their shares to South African-based Transmar Limited. PIM, established in 1969, was listed on the Malawi Stock Exchange in 1998.
13 Jul 2011 11:28
[Gregory Gondwe] British Petroleum (BP) Malawi has become part of a US$296 million acquisition of Trafigula Group's PUMA Energy that bought BP assets in five Southern African countries of Malawi, Zambia, Botswana, Namibia, and Tanzania. BP Malawi was co-owned by BP Africa and Malawi's conglomerate Press Corporation Limited (PCL).
17 Jun 2011 07:58CAPE TOWN: The first phase of setting up a free trade area across 26 countries in Africa is expected to come into effect in three years, trade and industry minister Rob Davies said on Monday, 13 June 2011.
14 Jun 2011 12:00
[Gregory Gondwe] Malawi's position paper presented at the 10th African Growth and Opportunity Act (AGOA) forum in Lusaka, Zambia has asked the US government to simplify its import approval procedures - without in any way sacrificing safety - in order to facilitate greater trade from Africa.
13 Jun 2011 12:55
[Gregory Gondwe] Traders and consumers were last week surprised to find that fifty kwacha bank notes that were purportedly meant to be circulated on 30 June 2011 were already on the market. The Reserve Bank of Malawi (RBM) confirmed that it has indeed released millions of 50 kwacha notes into circulation over one month ahead of due time.
6 Jun 2011 09:54
[Gregory Gondwe] Malawi's finance minister Ken Kandodo delivered the 2011/ 2012 budget speech last month, which aims at ending the forex shortage which has scared away investors and is threatening Malawi's economic growth. In the K307bn budget, Kandodo said government acknowledged the forex problems within the country.
6 Jun 2011 09:26[Gregory Gondwe] Royal Philips Electronics (Netherlands) kicked off its Lilongwe leg of its 2011 Cape Town to Cairo road show which promises improved consumer lifestyles. The tour, started on 12 May, will end on 11 July 2011.
1 Jun 2011 08:30 [Gregory Gondwe] The pulling out of donors in Malawi forced President Bingu wa Mutharika to announce on Monday, 23 May 2011 that, for the first time ever, Malawi will run a zero-deficit national budget. The announcement was made during his state of the nation address for 2011 which signaled the opening of the 2011/2012 budget meeting in Lilongwe.
25 May 2011 09:47 [Gregory Gondwe] The European Union, mid last week, announced the approval of €161 million (approximately MWK 34 billion) that will go towards a package of six strategic programmes. This assistance is in line with Malawi's 2010 Annual Action Programme under the 10th European Development Fund (EDF). About €12 million (approximately MKW 2.8 billion) of this money will go towards a new Capacity Building Programme for Trade and Private Sector Development.
23 May 2011 10:58 
[Herman Manson: @marklives] A billion Africans and 50 million bank accounts. In South Africa, credit cards are used by only 16.5% of the population (2008). No African country comes close to 1% of total retail spend spent online - the magic figure which constitutes the tipping point for digital retail growth. No wonder, then, that the ecommerce market in Africa hasn't bloomed.
12 May 2011 18:55
[Claire Ngozo] Driving through Malawi's capital, Lilongwe, it is difficult to miss the imposing building under construction in the city centre. It's the country's first five-star hotel, US$90 million worth of well-appointed rooms, a state-of-the-art conference centre and 14 opulent presidential suites.
28 Apr 2011 09:47
[Gregory Gondwe] If there were any doubts that the future of tobacco, which is Malawi's top forex earner, is bleak, this year's goings at the country's tobacco auction floors have strengthened this case. Over 70% of Malawi's annual foreign exchange is accrued through tobacco exports while government also rakes in over 40% of its taxes and fees revenue from the crop.
7 Apr 2011 10:52
[Gregory Gondwe] The World Bank has projected that minerals would become one of Malawi's main sources of foreign direct investment and generate up to 25% of export earnings in the next few years.
4 Apr 2011 08:26
Angola
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