Australian-uranium miner, Paladin Energy, has slashed a further US$45 million from the value of its Kayelekera Mine in Karonga as poor spot prices of uranium continue to negatively affect its earnings from the mine.

The Department for International Development (DfID) of Britain has provided an additional £16 million (about K8.7 billion) towards the health sector but also to boost the country's foreign exchange reserves. Head of DfID in Malawi Sarah Sanyahumbi made the announcement alongside the Minister of Finance Ken Lipenga in Lilongwe on Thursday.

Social aspects will be considered in the reformed tariff structure for the Electricity Supply Corporation of Malawi (Escom) under the Millennium Challenge Corporation (MCC) programme.

The Indigenous Businesses Association of Malawi (Ibam) has queried the National Food Reserve Agency (NFRA) requirement that all suppliers wishing to sell maize to the agency should produce two percent bid and performance bonds as a pre-condition for the tenders.

The appreciation of the Malawi kwacha gave room for government to adjust some levies on fuel prices, with most being increased while a few have been reduced to provide relief to consumers while raising funds for some public operations.

The appreciation of the Malawi kwacha gave room for government to adjust some levies on fuel prices, with most being increased while a few have been reduced to provide relief to consumers while raising funds for some public operations.

Finance Minister, Ken Lipenga, has expressed pleasure at the turnaround in the Malawi economy, saying what is even more, exciting is that investor confidence was returning into the country.

Standard bank says it is now the biggest commercial in malawi based on returns following the K7.9 billion after tax profit it realised last year which was the largest in the sector.

International Monetary Fund (IMF) Resident Representative, Ruby Randall, says she sees Malawi's non-food inflation lowering and foreign exchange reserves rising in the coming months.

Teething problems continue at the auction floors over sales of auction against contract tobacco, the latest being delays in the selling of auction tobacco due to what seems like misallocated quotas for the two systems.

By all definitions The Topline had a very eventful weekend full of surprises, both good and bad. However, because he is wired to be optimistic, The Topline will definitely not waste the readers' time whining about the negative surprises.

A Blantyre-based firm, Credit Data Reference Bureau Limited, has sued the Reserve Bank of Malawi (RBM) over what it calls failure to compel commercial banks to start releasing customer credit information for its operational usage.

Talks between Malawi's Public Private Partnerships Commission (PPPC) and Ethiopian Airlines on the proposed take-over deal on Air Malawi are focused on the level of investment, employment plans as well as planned routes by the preferred bidder, the PPPC has disclosed.

President Joyce Banda on Wednesday defended government's plan to export labour to Middle East countries such as Dubai and Kuwait, arguing it will help reduce unemployment levels in addition to helping Malawians acquire the much-needed experience to develop the country.

Malawi has queried Ethiopian Airlines over recent reports in Zambian newspapers that the airline plans to make Lusaka it southern African hub at the time the airline is engaged in talks for the takeover of Air Malawi.

The local economy swelled by 1.8 percent in 2012, some 0.4 percentage points more than Capital Hill's 1.4 percent projection, The Daily Times has leant. Economic Planning and Development Principal Secretary Ted Sitimawina confirmed the growth figure last week.

President Joyce Banda on Friday underscored the need for producers in both Malawi and Zimbabwe to add value to their primary products to realise increased earnings for their countries.

International Monetary Fund (IMF) Deputy Managing Director, Naoyuki Shinohara, has backed the automatic fuel pricing mechanism (APM) currently being followed in Malawi, says it was helping government save resources for use in other essential services.

Government has been asked to established a semi-autonomous mining authority body with the mandate to issue mining licenses and negotiate development agreements with investors.

State-run grain marketer, Admarc, has started buying maize from local farmers but has puzzled the market by offering higher prices for the grain compared to the price at which it is selling the same to consumers.