Sajid Chaudhry
Sajid Chaudhry commented on Malawi establishes credit reference bureau
Credit is not something that is simply given; it is applied for and the applicants are either denied or accepted according to specific criteria and the information they have about the applicants.
Credit Reference Agencies
Posted 6 years ago | Like (1) | You like this
Gregory Gondwe
CENTRAL AFRICA
Zain, Multichoice Malawi strike deal

Zain, Multichoice Malawi strike deal[Gregory Gondwe] Zain Malawi has signed an agreement with Multichoice Malawi to enable customers to pay their monthly DStv subscriptions through Zain's mobile money transfer facility, ZAP Khusa M'manja. Zain Malawi finance director Longa Sipula hailed the deal as an example of what mobile phones can do to improve lives.

Posted 7 years ago | Like
Gregory Gondwe
CENTRAL AFRICA
Nedbank Malawi expands

Gregory Gondwe[Gregory Gondwe] Nedbank Malawi announced on Monday, 15 February 2010 that it will be opening two additional branches in Blantyre and Lilongwe as part of the bank's expansion strategy.

Posted 7 years ago | Like
Gregory Gondwe
CENTRAL AFRICA
Malawi's new procurement procedures to support SMEs

Gregory Gondwe[Gregory Gondwe] Government, through its office of the director of public procurement (ODPP) has set up new procurement procedures, which will support small-to-medium enterprise (SMEs), other local manufacturers and producers.

Posted 7 years ago | Like
Gregory Gondwe
CENTRAL AFRICA
Central bank establishes foreign exchange controls

Gregory Gondwe[Gregory Gondwe] Malawi has set up new exchange controls as a strategic way of ensuring adequate utilisation of its foreign exchange reserves.

Posted 7 years ago | Like
Gregory Gondwe
CENTRAL AFRICA
Malawi requires new IMF programme

Malawi requires new IMF programme[Gregory Gondwe] Malawi's economic fate awaits decision by the International Monetary Fund (IMF), which has set 10 February 2010 as the day to decide the new programme to be taken up by Malawi.

Posted 7 years ago | Like
Gregory Gondwe
CENTRAL AFRICA
Malawi: Kwacha devaluation causes panic

Gregory Gondwe[Gregory Gondwe] The government's decision to devalue the local currency, the Malawi Kwacha, last week has sparked fears that it might affect interest and inflation rates.

Posted 7 years ago | Like
Gregory Gondwe
CENTRAL AFRICA
Malawi starts exporting uranium

Malawi starts exporting uranium[Gregory Gondwe] Malawi has started exporting uranium, which is going through Zambia before departure for overseas using the Walvis Bay of Namibia.

Posted 7 years ago | Like
Gregory Gondwe
CENTRAL AFRICA
Air Malawi's survival dependant on public

Gregory Gondwe[Gregory Gondwe] Air Malawi CEO Wisdom Mchungula has confessed that the debt-riddled airliner is surviving by the mercy of Malawian public. The CEO made these confessions in the presence of the Malawi Parliamentary Committee on Budget and Finance in Lilongwe last week.

Posted 7 years ago | Like
Gregory Gondwe
CENTRAL AFRICA
Reserve Bank of Malawi appoints new governor

Gregory Gondwe[Gregory Gondwe] President Bingu wa Mutharika, on Monday, 14 September 2009, appointed a new govener of the country's reserve bank. Dr. Perks Ligoya, who was director of economics in the finance ministry and initially worked at the central bank for 20 years, has already accepted the challenge.

Posted 8 years ago | Like
Gregory Gondwe
CENTRAL AFRICA
President Mutharika expels four tobacco buyers

Gregory Gondwe[Gregory Gondwe] President Bingu wa Mutharika, early last week, deported four tobacco buyers for allegedly conniving to sabotage the Malawi economy.

Posted 8 years ago | Like
Gregory Gondwe
CENTRAL AFRICA
Malawi: Bata Shoe Company turns 115

Gregory Gondwe[Gregory Gondwe] The Bata Shoe Company is celebrating its over 115 year survival in the business of making footwear by refurbishing its 32 shops across Malawi - a venture that will cost K50 million.

Posted 8 years ago | Like
Gregory Gondwe
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Malawi establishes credit reference bureau

Gregory Gondwe[Gregory Gondwe] The Bankers Association of Malawi (BAM) has joined hands with Kenyan-based CRB-Africa to form the first of its kind Credit Reference Bureau (CRB-Malawi). BAM President George Partridge who is also the country's CEO for Malawi's largest bank by assets, the National Bank of Malawi (NBM) said the bureau would help commercial banks stop wasting time and resources trying to establish history of customers.

Posted 8 years ago | Like (1)
Gregory Gondwe
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K4bn tobacco company opens in Lilongwe

Gregory Gondwe[Gregory Gondwe] Kanengo Tobacco Processing Ltd (KTPL) has opened its doors in Lilongwe, Malawi with an investment of K4bn, becoming the country's third largest tobacco processing company after Limbe Leaf Tobacco Company and Alliance One Tobacco.

Posted 8 years ago | Like
Gregory Gondwe
CENTRAL AFRICA
Malawi clamps down on illegal currency dealers

Gregory Gondwe[Gregory Gondwe] As a shortage of foreign currency threatens to derail Malawi's economic growth, authorities have clamped down on illegal dealers of foreign currency with the court fining a Chinese national who was caught trying to smuggle out thousands of US dollars and arresting two local businessmen found in possession of fake foreign currencies.

Posted 8 years ago | Like
Gregory Gondwe
CENTRAL AFRICA
Central Bank whips on forex bureaus

Gregory Gondwe[Gregory Gondwe] As Malawi is still struggling to get enough foreign currency on the market, its central bank, the Reserve Bank of Malawi (RBM) has unleashed its latest whip on forex bureaus for what it called non-compliance to rules set in the Exchange Control Regulations 2007.

Posted 8 years ago | Like
Gregory Gondwe
CENTRAL AFRICA
Old Mutual jerks Masi into motion

Gregory Gondwe[Gregory Gondwe] Old Mutual, the sole foreign counter in the Malawi Stock Exchange (MSE), last week, jerked the Malawi All Share Index (Masi) into motion after months of inaction moving it upwards to 4954.28 points from 4952.11 representing a 2.17 points push.

Posted 8 years ago | Like
Gregory Gondwe
CENTRAL AFRICA
Malawi to receive US$80m IMF funds as economic cushion

Gregory Gondwe[Gregory Gondwe] Malawi's resident representative for the International Monetary Fund (IMF) Maitland Macfarlan announced last week that Malawi will benefit from the body's rescue plan, to help countries fend off the world economic crisis.

Posted 8 years ago | Like
Gregory Gondwe
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Malawi All Share Index stuck

Gregory Gondwe[Gregory Gondwe] Malawi's scale of trading on its Malawi Stock Exchange (MSE), the Malawi All Share Index (MASI) has not shown any activity for the last four weeks raising more fears on its performance; the local shares market has not registered significant share price gains since the beginning of this year.

Posted 8 years ago | Like
Gregory Gondwe
CENTRAL AFRICA
Air Malawi, Jo'burg partner for shopping festival

Air Malawi, Jo'burg partner for shopping festival[Gregory Gondwe] The financially struggling Air Malawi has struck a deal with South Africa's City of Johannesburg to allow interested Malawians to benefit from the 2009 Jo'burg Shopping Festival scheduled for 1 - 30 September 2009.

Posted 8 years ago | Like