Business

Malawi’s President Banda announces austerity drive

May 18, 2012   ·   30 Comments

Malawi President Joyce Banda, in an effort to resuscitate the country’s rotten economy and overcome people’s poverty, has sketched out a number of  austerity measures ...

MRA says Reserve Bank has case to answer on scam

Malawi Revenue Authority (MRA), which has denied borrowing from commercial banks to spruce up revenues, has said the country’s central bank-Reserve Bank of Malawi (RBM)-also ...

Malawi K1,000 bank notes to bear Kamuzu’s image: Updated

Malawi will have its founding president Ngwazi Dr Hastings Kamuzu Banda’s face on its new 1,000 Kwacha (about $4) banknotes . According to the Reserve ...

IMF team expected in Malawi next week

The International Monetary Fund (IMF) team is expected to visit the country on May 22, Finance Minister Dr. Ken Lipenga has confirmed. Lipenga told Nyasa Times on ...

Malawi Rural Finance Company technically insolvent – Consultants

Independent Consultants engaged by the Malawi government to review Malawi Rural Finance Company Limited’s business model in 2011, declared the company technically insolvent and warned ...

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