Category: Business

* I will continue with this migration policy to include fully sub-vented organizations and commercial SOEs * President Lazarus Chakwera said this in his State of the Nation Address (SONA) in Parliament today By Duncan Mlanjira As part of economic reforms President Lazarus Chakwera’s administration embarked on a wholesale review of regulatory state-owned enterprises (SOEs) and statutory parastatals to ensure that those that are productive and profitable are made more efficient and those that just consume and make losses…

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* The history of Lombard rate originated from a region in Italy where most banks were headquartered * And because of that, the Central Bank in Italy decided to call the rate to the commercial banks based in the Lombardy region * We need to decolonise the models in Malawi which are based on the British system—Chifipa Mhango By Duncan Mlanjira Some policies of the colonial times have not been reviewed since independence, including the term, Lombard rate that…

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* This will help make Malawi an attractive tourism destination and boost foreign currency flows in the long-term * The restrictions have been lifted for 48 countries including USA, United Kingdom, Germany, France, Australia, China and Russia * Which are considered key source markets for international tourism and business arrivals into Malawi By Duncan Mlanjira Following Malawi Government’s decision to heed calls for removal of Visa restrictions into Malawi, Standard Bank Plc Chief Executive, Phillip Madinga says this will…

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* We have invested over US$176 million in network infrastructure delivering over 1,100 sites * All with 2G, 3G and 4G services, expanding our coverage to 88.2% of the country and serving 86.7% of the population * We have increased smartphone penetration to 29.1%, enabling more Malawians to access the digital world * We have also rolled out home broadband and fixed data solutions, offering fast and reliable internet connectivity to homes and businesses By Duncan Mlanjira Effective February…

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* The hike policy lending rate is a cause of concern for business environment in Malawi * Although the motivation to hike the policy lending rate are valid under the current monetary policy framework * The question should be whether such a policy is effective for the structure composition and patterns of the Malawi economy By Duncan Mlanjira Following the announcement by the Monetary Policy Committee (MPC) of the Reserve Bank of Malawi (RBM) on February 1, 2024 to…

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