ILO proposes monetary policies for Malawi's employment creation

[Gregory Gondwe: @Kalipochi] 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. 2 Nov 2011 12:19

TransUnion expands into Africa

[Gregory Gondwe: @Kalipochi] TransUnion, a global credit and information management organisation, has acquired majority shareholding in CRB Holdings Limited, signifying its bold expansion steps into Africa. 28 Oct 2011 11:19

RBM seeks public sensitisation on currency

[Gregory Gondwe: @Kalipochi] 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. 27 Oct 2011 13:05

Fresh Living now available in Mauritius

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

Old Mutual Unit Trust Company launches

[Gregory Gondwe] 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. 5 Oct 2011 10:02

Malawi hit by counterfeit money

[Gregory Gondwe] 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. 30 Sep 2011 08:38

TNM grows by 23% amidst economic hiccups

[Gregory Gondwe] 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. 12 Sep 2011 10:14

New bank opens in Mozambique

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

AACB plans to establish African Central Bank by 2018

[Gregory Gondwe] 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. 19 Aug 2011 09:38

Malawi devalues national currency

[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

Malawi: Commercial court nods to PIM delisting from MSE

[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

Trafigula Group takes over BP Malawi

[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 07:58

Davies maps route for free trade area

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 asks US to soften AGOA conditions

[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