NBS Bank plc has unveiled a dedicated Chinese Banking service in a strategic move aimed at strengthening trade and investment links between Malawi and China. The specialised offering—among the first of its kind in Malawi—targets the growing Chinese business community operating in the country, as well as local enterprises engaged in trade with China. The […]
The Ministry of Gender has commended Telecommunications Network Malawi (TNM), through its mobile money platform TNM Mpamba, for significantly improving the efficiency, speed, and transparency of social cash transfer payments in Mangochi District. Speaking during an ongoing disbursement exercise on Thursday, Principal Social Affairs Officer Gilbert Kaponda said the partnership with TNM has strengthened the […]
National Bank of Malawi (NBM) plc has signed a Memorandum of Understanding (MoU) with Malamulo Mission Hospital in Thyolo, committing K317 million towards a micro-grid power project, representing a 50-percent contribution to the initiative. The investment responds to persistent challenges at the facility, including power outages, voltage fluctuations and fuel shortages, which have affected service […]
In a move to enhance digital banking, National Bank of Malawi (NBM) plc has introduced an online account opening platform and Know-Your-Customer (KYC) services, accessible through the Bank’s website. The system is designed to modernise banking processes by eliminating the need for customers to physically visit banking halls. It allows individuals to open accounts conveniently […]
FDH Bank plc has delivered a standout financial performance for the 2025 financial year, posting a profit after tax of K147.796 billion—an impressive 100 percent jump from K74.063 billion recorded in 2024. The bank’s total assets also surged to K1.636 trillion as of December 31, 2025, up from K1.241 trillion the previous year, underscoring strong […]
This year’s Be More Race will take place on June 20 at Bingu National Stadium in Lilongwe under the theme “Keep Growing,” organisers Standard Bank have announced. Speaking during a Labour Day holiday aerobics session to launch the 2026 edition, the bank’s Chief Risk Officer, Kondwani Mlilima, said the event is designed to inspire healthier […]
Leader of Opposition in Parliament, Simplex Chithyola Banda, has delivered a blunt and sobering message this Labour Day, saying Malawian workers are marking the day under the weight of a deepening national crisis defined by “no jobs, no fuel, no hope.” In a strongly worded statement, Chithyola Banda said what should be a day of […]
Petroleum Importers Limited (PIL) has recorded a major safety breakthrough, delivering over 180 million litres of fuel into Malawi without a single accident or spill in 2025, marking a first-of-its-kind achievement in the country’s fuel transport sector. The milestone, celebrated during this year’s World Day for Safety and Health at Work celebrations in Blantyre under […]
At exactly 5:30 a.m. on Labour Day 2026, Eluby Kachale was already sweeping the floor of a textile factory in Blantyre. By 6 p.m., she would have earned K4,500 — not enough to buy a 10 kilogram bag of maize for her three children. Across town, minibus conductor James Phiri had already faced two police […]
President Peter Mutharika has moved to secure urgent financial support from the World Bank as Malawi reels under the weight of soaring global oil prices triggered by escalating tensions in the Middle East. During high-level talks at Sanjika Palace in Blantyre yesterday, Mutharika appealed for emergency assistance from World Bank regional programme director for Africa […]
The Electricity Supply Corporation of Malawi (Escom) has drawn a firm line in the sand, announcing a sweeping disconnection exercise set to begin on May 4, 2026, targeting postpaid customers who collectively owe a staggering K16 billion in unpaid electricity bills accumulated over just four months. In a statement released yesterday, Escom said the crackdown […]
A team from National Bank of Malawi (NBM) plc led by its Chief Executive Officer Harold Jiya appeared before the Parliamentary Accounts Committee (PAC) in Lilongwe where they emphasised on the importance of customer confidentiality and the rule of law while respecting the jurisdiction of Parliament on the inquiry. The Bank was appearing before PAC […]
The newly formed Federation of Civil Service Unions (FOCSU) has demanded a major overhaul of salaries and allowances for civil servants, rejecting the government’s recent 10–20 percent pay increase as inadequate and unlawfully imposed without consultation. FOCSU argues that the adjustment ignores unions’ legal right to be engaged and fails to reflect the harsh economic […]
As part of their submission, Yusuf Investments, owners of the controversial Amarylis Hotel have objected to the jurisdiction of the Parliamentary Accounts Committee (PAC) currently probing its controversial sale by the Public Service Pension Fund (PSPF) citing lack of jurisdiction over a private entity. Yusuf Investment legal counsel Gabriel Kambale wrote the committee of its […]
President of the Economics Association of Malawi (ECAMA), Bertha Bangara, has thrown her weight behind growing calls to scrap non-essential levies on fuel—warning that the current pricing structure is squeezing households and pushing the economy toward deeper distress. The numbers tell a brutal story. Petrol has surged to K6,672 per litre from K4,935, while diesel […]
Parliament’s Public Accounts Committee (PAC) is moving to cite Yusuf Investments Limited for contempt after its chairperson, Shiraz Yusuf, abruptly walked out of proceedings when denied a request for a closed-door hearing. The standoff erupted during a high-stakes inquiry into the controversial sale of the Amaryllis Hotel to the Public Service Pension Trust Fund—a deal […]
Maranatha Private Academy has taken a bold step to modernise education in Malawi, sealing a strategic partnership with global mobile technology brand Tecno Mobile aimed at transforming digital learning and celebrating academic excellence. Managing Director Ernest Kaonga says the collaboration is more than a business deal—it is a deliberate push to equip learners with the […]
Explosive allegations have rocked the Roads Authority (RA), with insiders accusing officials of actively manipulating the Mangochi–Makanjira Road tender to engineer a preferred winner. Multiple sources within the ongoing evaluation—currently taking place in Salima—claim that RA officials are tampering with bid documents to force down the price of one contractor, Long Jian Road & Bridge […]