The International Labour Organisation (ILO) has released a report on Malawi which is trying to establish on how monetary policy instruments can be used to encourage Malawi onto a path of employment-generating growth. The report titled Macroeconomic policy for employment creation: The Case for Malawi released last month has identified three policy areas for consideration.
By Gregory Gondwe: @Kalipochi 2 Nov 2011 12:19
TransUnion, a global credit and information management organisation, has acquired majority shareholding in CRB Holdings Limited, signifying its bold expansion steps into Africa.
By Gregory Gondwe: @Kalipochi 28 Oct 2011 11:19
The Reserve Bank of Malawi (RBM) has sought assistance from established firms or advertising agencies to provide currency public sensitisation service throughout the country on its behalf after the country has been badly hit by fake currency circulation.
By Gregory Gondwe: @Kalipochi 27 Oct 2011 13:05
Fresh Living, the food magazine on South African shelves, continues to expand on its African footprint as it goes on sale this month in Mauritius.
10 Oct 2011 11:27
BLANTYRE, MALAWI: Last week Thusday, 29 September 2011 was a special day for local investors when Old Mutual Malawi launched its new subsidiary company, Old Mutual Unit Trust Company.
By Gregory Gondwe 5 Oct 2011 10:02
Malawi's central bank has issued a warning to the country after being severely hit by counterfeit notes of its biggest bill of 500 kwacha, a situation the Reserve Bank of Malawi (RBM) governor Dr. Perks Ligoya has described as undermining the integrity of the national currency.
By Gregory Gondwe 30 Sep 2011 08:38
One of Malawi's two mobile phone companies, Telekom Networks Malawi Limited (TNM), which is incorporated in Malawi as a licensed mobile telecommunications operator has announced a 23% growth which the company has attributed to various innovative product offerings and promotions.
By Gregory Gondwe 12 Sep 2011 10:14
Mozambique's newest privately-owned full service bank, Banco Único, opened its doors to the public this week as a sign to further confide in foreign investors interest of the country and in southern Africa's growth potential.
1 Sep 2011 13:56
The newly appointed chairperson of the African Association of Central Banks (AACB), Perks Ligoya who is also governor for the Reserve Bank of Malawi (RBM), said he will now fast track the establishment of African Central Bank which has been on the card for some time now.
By Gregory Gondwe 19 Aug 2011 09:38
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.
By Gregory Gondwe 10 Aug 2011 11:28
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.
By Gregory Gondwe 13 Jul 2011 11:28
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).
By Gregory Gondwe 17 Jun 2011 07:58
CAPE 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
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.
By Gregory Gondwe 13 Jun 2011 12:55
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.
By Gregory Gondwe 6 Jun 2011 09:54
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.
By Gregory Gondwe 6 Jun 2011 09:26
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.
By Gregory Gondwe 1 Jun 2011 08:30
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.
By Gregory Gondwe 25 May 2011 09:47
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.
By Gregory Gondwe 23 May 2011 10:58
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.
By Herman Manson: @marklives 12 May 2011 18:55
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.
By Claire Ngozo 28 Apr 2011 09:47
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.
By Gregory Gondwe 7 Apr 2011 10:52
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.
By Gregory Gondwe 4 Apr 2011 08:26
LILONGWE: An ardent listener to the radio, small-scale cotton farmer Mercy Kaduya from Chikhwawa in Nsanje in southern Malawi has just heard an item during the international news segment that cotton prices have hit a record high on the international market.
By Claire Ngozo 30 Mar 2011 11:00
NEW YORK, US: Consumer confidence fell in 25 out of 52 countries in Q4 2010 as hope for a global economic recovery evaporated at the end of last year, according to the latest edition of the Nielsen Global Consumer Confidence Index, which tracks consumer confidence, major concerns and spending intentions among online consumers.
27 Jan 2011 11:00
The Banker, a global banking and finance industry journal, has named Standard Bank 2010's Best Bank in Africa and best bank in South Africa, Lesotho, Malawi, Uganda and Zimbabwe.
8 Dec 2010 09:28
Game Stores, which touts itself as Africa's largest discount retailer, opened its doors in Malawi's capital city Lilongwe on Thursday, 18 November 2010 - an investment worth MWK2 billion. The Lilongwe store is number 45 in Africa.
By Gregory Gondwe 22 Nov 2010 07:58
NEW YORK, US: After an upbeat start to the year with two consecutive quarters of increases in optimism, global consumer confidence fell three points in September to an Index of 90 as consumers' hopes for a full economic recovery this year fades in most parts of the world, according to the latest edition of the Nielsen Global Consumer Confidence Index.
27 Oct 2010 06:22
BLANTYRE: The Malawian government has again stood firm in the face of calls by the European Union (EU) to sign an economic partnership agreement (EPA) - even after top-level EU officials visited southern Africa to convince it to put pen to paper.
By Claire Ngozo 2 Aug 2010 09:12
LILONGWE: The Malawian government's new cost-cutting prohibition on the hosting of conferences, training sessions and workshops on the shores of Lake Malawi has hit small-scale merchants who ply their trade on the roadsides and beaches of the fresh-water lake.
By Claire Ngozo 27 Jul 2010 07:27
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