K44 Billion Windfall: Malawi’s Budget Cleanup Yields Massive Savings
Key Business Points The Malawi government expects to save up to K44 billion by implementing austerity measures, which will have a significant impact on the country’s fiscal health. Expenditure cuts […]
Malawi’s Economic Crossroads: Navigating Challenges, Seizing Opportunities for Growth
Key Business Points Poverty levels in Malawi have reached an alarming rate, with 75% of the population living on less than $3 (about K5,253) per day, according to the World […]
Revitalizing Malawi’s Economy: Closing the Funding Gap to Empower Youth Employment and Drive Business Growth
Key Business Points Youth unemployment is a pressing issue in Malawi, with only 8% of youths employed, prompting the government to unveil new steps to tackle the problem, including expanding […]
Revolutionizing Malawi’s Economy: Harnessing AI for Growth and Prosperity
Key Business Points Malawi’s AI ambitions are on the rise, with a focus on education, agriculture, and digital enterprise, presenting opportunities for local entrepreneurs to tap into this growing technology. […]
Revitalizing Malawi’s Microfinance Sector: A Key to Economic Growth and Prosperity
Key Business Points Malawi’s microfinance sector has seen a 32.2% growth in total assets, reaching K172.6 billion, with liquidity and core capital above regulatory thresholds. Despite elevated interest rate risk […]
Malawi’s Import Burden: A Growing Concern for Business Leaders and the National Economy
Key Business Points Economic imbalance: Malawi’s growing appetite for imports is driving the country’s economic imbalance, according to Finance Minister Joseph Mwanamvekha. Private sector challenge: The Minister is challenging the […]
Standard Bank’s Robust Financial Foundation Powers Future Growth for Malawi Businesses
Key Business Points Standard Bank plc’s balance sheet remains strong to withstand current macroeconomic shifts, with a 64 percent increase in profit-after-tax to K86.4 billion in the year ended December […]
Fueling Malawi’s Economic Surge: Strategies for Thriving in Blantyre and Beyond
Key Business Points Rising cost of living in Blantyre, with the average monthly cost for a household of six reaching K1,087,501, affects business operational costs and employee salaries. Inflationary pressures […]
Simplifying Trade with China: Standard Bank Streamlines Payment Solutions for Malawi Businesses
Key Business Points Financial sovereignty: Standard Bank’s connection to China’s Cross-border Interbank Payment System (Cips) enhances Malawi’s financial independence and reduces reliance on Western banks and the US dollar. Faster […]
Revitalizing Malawi’s Irrigation Sector: Maximizing Returns for Economic Growth
Key Business Points Irrigation investment returns are a concern for the Ministry of Irrigation and Water Development, potentially impacting agricultural productivity and economic growth in Malawi. The government has allocated […]