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Thu05232013

Last update04:07:55 PM

Back Daily Times Headlines Business

Business

‘Multiple jobs solution to rising cost of living’

The Malawi Congress of Trade Unions (MCTU) and Communications Workers Union of Malawi (Cowuma) have said there is no harm for employees to have multiple jobs as a way of managing the ever increasing cost of living in the country.Mkwezalamba___2013_BNLTIMES

Mzuzu Coffee goes into tourism

Mzuzu Coffee Cooperative Union on Monday announced its venture in tourism with the partial opening of its Mzuzu Coffee Suites situated in the low density Chimaliro location in Mzuzu.Kalua_in_one_of_the_rooms._-_Picture_by_Karen_Msiska___2013_BNLTIMES

NBM pre-tax profits up 110%

National Bank of Malawi (NBM), one of the financial institutions in the country has registered a 110 percent pre-tax profit jump.National_bank_head_office_and_Reserve_bank_in_BT_sept_2011_2___2013_BNLTIMES

Tobacco forex to last 47days only

AN analysis by The BNL Times has shown that this year's forex earnings from the country's green gold, tobacco, will just be enough to meet Malawi's forex needs for 47 days.Ken_Lipenga_Dr_on_Andrew_Mitchel_arrival_30.5.12_10___2013_BNLTIMES

Expert says interest rates hike temporary

An investment banker says he believes the recent upward adjustments in interest rates by commercial banks in the country is temporary, saying the rates will soon start getting better as the economy moves into the lean harvest and export season.Max_honde___2013_BNLTIMES

Energy sector ropes in 4 firms

The  Ministry of Energy says four companies have so far started investing in energy sector.Masanjala___2013_BNLTIMES

Full recovery remains a medium term issue—Jooma

Minister of Economic Planning Ralph jooma has said full recovery of Malawi economy remains a medium term issue, taking into account the damage that was caused in the previous regime.Ralph_Jooma___2013_BNLTIMES

Poor energy, road network affect bank’s rural rollout

Opportunity International Bank (OIBM) says its efforts to extend banking services to many rural areas of the country have been hampered by the country's poor road network as well as erratic supply of electricity and petroleum.LUCKWELL_NGAMBI_OIBM___2013_BNLTIMES

Tobacco trading rakes in US$11m

The country had as of Thursday March 28 earned a total of US$11 million (about K4.6 billion) from tobacco sales at the auction floors, two weeks after the marketing season started on March 11, 2013, Auction Holdings Limited (AHL) has said.Tobacco_trade_2013__2013_BNLTIMES

‘Make air transport affordable’

Government has appealed to operators in the aviation industry to make air transport affordable.Ethiopian_Airways___2013_BNLTIMES

Farmers want review of seed subsidy suppliers

Some farmers in Chiradzulu and Blantyre have asked government to consider reviewing the list suppliers of seed under the Farm Input Subsidy Programme (Fisp).Zomba_Farmers_Field_Visit___2013_BNLTIMES

Pharmaceutical supplier avails itself to Malawi government

Executives from an international pharmaceuticals company, Adcock Ingram, met with officials in the Ministry of Health in March with an aim of selling its services to the country, taking advantage of the country's drug shortage situation, Public Relations Officer for the ministry, Henry Chimbali, has confirmed.Henry_Chimbali___2013_BNLTIMES

Jooma says economy has almost recovered

Newly appointed Minister of Economic Planning and Development, Ralph Jooma, has come up with his own timing version of the Economic Recovery Plan, declaring that the economy has now almost recovered several months before the planned 18 month timeline.Ralph_Jooma___2013_BNLTIMES

Malawi’s roads ranked higher than neighbours

A study by the World Economic Forum has ranked Malawi's roads as better in quality than those in neighbouring countries.The_Masauko_Chipembere_Highway__2013_BNLTIMES

Regional body to promote women enterprises in Malawi

The Lilongwe-based Federation of National Association of Women in Business in Eastern and Southern Africa (Femcom) intends to rollout a business incubator programme targeting women-owned businesses in eight countries, including Malawi.Banana_Traders___2013_BNLTIMES

Banks start hiking their interest rates

Standard Bank Malawi on Thursday announced an upward adjustment of its lending and deposit rates, a development that is expected to be replicated by other banks in a move that suggests loss of confidence in the monetary authority by the financial market.Ralph_Tseka___2013_BNLTIMES

Issuance of COFs to be outsourced

Motorists will soon start getting Certificate of Fitness (CoF) licences from private operators, the Ministry of Transport and Public Infrastructure has revealed.Sidik_Mia___2013_BNLTIMES

Zomba farmers get a raw deal on road construction

Some farmers in Zomba have expressed concern over the construction of the Zomba–Blantyre road which has seen parts of their gardens being idle this farming season.Zomba_Farmer__2013_BNLTIMES

Malawi Government issues list of jobs under 18s must not do

The Ministry of Labour has published a list of jobs which children and the youth under the age of 18 must not do and defines what is hazardous to the young workers in various sectors of the economy.Child_Labour__2013_BNLTIMES

Police foil burley smuggling in KU

Kasungu Police last week foiled a tobacco smuggling attempt in Kasungu district when they arrested four traders and a driver as they tried to cross the border into Zambia with 35 bales of burley tobacco.Smuggled_Tobacco___2013_BNLTIMES

MCCCI surplus drops

The Malawi Confederation of Chambers of Commerce and Industry has registered a fall of K5 million in its surplus for the year 2012 compared to that of the previous year.Chikankheni__2013_BNLTIMES

 

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