Let’s not make Malawi a cry baby—Ben Botolo

Secretary to the Treasury, Ben Botolo, has called on the private sector and Malawians to focus on commercial farming and intensive irrigation so as to grow the country’s economy. Botolo said, following the weather shocks experienced in the country recently, Malawi has experienced food shortages, thereby relying on donor partners and well wishers for assistance. […]

Government pegs 2018/19 budget at K1 trillion

The Ministry of Finance has said the country’s 2018/19 financial budget will be pegged at K1 trillion. The budget will be about 23 percent lower or K300 billion below the 2017/18 financial plan. Secretary to Treasury, Ben Botolo, revealed this in Blantyre, at the start of the 2018/19 prebudget consultation meetings. Ironically, the reduced budget […]

Tanzanian urges businesses to utilise water transport

The Tanzanian Ports Authority (TPA) has urged Malawian businesses to make full use of the two vessels that ply on Lake Malawi between Mbeya and Monkey Bay to boost their enterprises. The two vessels, MV Ruvuma and MV Njombe, have a capacity of 1,000 metric tonnes each. TPA acting Deputy Director General (Services), Francisca Muindi, […]

Government accounts reconciliation to be done daily

Reconciliation of government’s accounts will be done on daily basis as one way of protecting public resources from plunder by individuals and organisations. This was said by President Peter Mutharika during the launch of the National security policy in Lilongwe. The system also compliments the implementation of the Reserve Bank of Malawi (RBM) 2018 strategic […]

All Treasury Notes to be listed on Malawi Stock Exchange

The Reserve Bank of Malawi (RBM), an agent of the Malawi Government, has said all benchmark issuances will be listed on the Malawi Stock Exchange (MSE). This was revealed on Monday when the government listed a K5 billion two-year Treasury Note on the market. RBM Manager for Market Developments, Franklyn Khoza, said the government last […]

Malawi Bureau of Standards lab to test solar products for quality

The Ministry of Energy has said the Malawi Bureau of Standards (MBS) laboratory under construction in Blantyre is expected to test solar products, among other products, for quality adherence. The process is meant to address the influx of sub-standard solar products that have hit the local market. Responding to a questionnaire, Minister of Energy, Aggrey […]

Government unmoved as Ethiopian Airlines partners Zambia

The government says it is not worried over the decision by Ethiopian Airlines to partner Zambia, despite having another partnership with Malawi in Malawi Airlines. Recently, Ethiopian Airlines signed a joint venture deal with the Zambian government which will see the formation of a new airline in which Zambia will be the majority shareholder with […]

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