Author: Duncan Mlanjira

BAM president Phillip being welcomed by President Mutharika at the engagement  * As the banking sector outlines its strategy towards its role in the government-private sector development partnership during an audience with President Arthur Peter Mutharika * The banking industry presents itself not merely as a provider of financial services, but as a committed partner in the development of our country * Banks mobilise domestic savings and channel financial resources towards productive investment — BAM president Phillip Madinga By…

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* We had an extremely fruitful meeting — President Arthur Peter Mutharika * Crucially, we have agreed to work together to advance the country’s economy in key sectors such as agriculture, mining, and infrastructure development Malawi News Agency (MANA) Bankers Association of Malawi (BAM) has commended President Arthur Peter Mutharika for championing reforms that are steering the country’s economy in the right direction. BAM President Philip Madinga made the remarks this Friday at Kamuzu Palace after meeting with President…

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* Replacing a vandalised or stolen meter costs an average of K169,000, excluding accessories, and can rise to K216,000 when associated fittings are needed * The Board initially covers the meter replacement cost but later recovers it from the affected customer during replacement or reconnection * While customers are responsible for purchasing associated fittings where applicable By Favour Chauluka, Malawi News Agency (MANA) Lilongwe Water Board (LWB) reports that it has lost K2.4 billion between 2020 and 2025 due…

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* Headline inflation declined from 20.83% in July to 20.01% in August — representing a reduction of 0.82 percentage points * The latest figures from the National Statistical Office (NSO) provide further evidence that the disinflation process underway in Malawi is continuing * Nevertheless, inflation at approximately 20% remains high and continues to affect household purchasing power, business operating costs, investment decisions and the overall cost of doing business Analysis by Chifi Mhango, Chief Economist & Executive Director-Economic Research…

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