Standard Bank - BOL to Wallet

CFTC Issues Cease and Desist Trader Order to 16 Cement Traders

The Competition and Fair Trading Commission (CFTC) has issued a cease and desist order to 16 traders for over charging cement. CFTC Spokesperson Innocent Helema has told Zodiak Online that this follows ongoing investigations into the matter as tasked by the Ministry of Trade. 

Borrowers’ Nightmare: RBM Hikes Policy Rate to 24%

Amid economic tantrums that the country is going through, Malawians should yet again brace for tough times ahead as the Central Bank, Reserve Bank of Malawi has announced an upward adjustment of the policy rate.

Standard Bank Posts K39 billion Profit

Shareholders for Malawi Stock Exchange-listed Standard Bank Malawi on Thursday approved a final dividend payout of K20 billion, representing K51 per share.

Malawi Kwacha Depreciates

Results of a foreign exchange auction hosted by the Reserve Bank of Malawi on June 19 have pushed the maximum selling price of USD1 to MWK1, 063.86 from MWK1, 036 effective Wednesday June 21st 2023.

Malawi’s Inflation Hits 29.2% - 10-year Record High

Malawi’s year-on-year inflation for the month of May stood at 29.2 percent on account of rising food inflation, and experts warn it projects a continued rise in the cost of living and a decline in purchasing power.

Malawi’s Exports to Grow 20% - MITC

The Malawi Investment and Trade Centre (MITC) is optimistic that the country’s exports will increase by 20 percent this year, among others, thanks to exposure of more exporters to international markets.

134 Exhibitors Set for 33rd Malawi International Trade Fair

Malawi Confederation of Chambers of Commerce and Industry (MCCCI) says the 33rd International Trade Fair will be held from May 17 to May 26th 2023 at the Trade Fair Grounds in Blantyre.

Old Mutual Impressed with "Kuitsata Pension Yanu" Campaign

Old Mutual (Malawi) has expressed satisfaction with strides made in its "Kuitsata Pension Yanu" campaign launched in October last year.

Centenary Bank Pledges to Invade Rural Malawi

Newcomer in the Malawi banking sector Centenary Bank has promised to establish its presence in rural areas which are not fully utilising at the moment, offering microfinance services to communities there.

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