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World bank tips on Interest rates, debt | The Nation Online

World bank tips on Interest rates, debt | The Nation Online
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Council moves to act on unregistered contractor

National Construction Industry Council (NCIC) says it will enforce compliance to registration and safety measures for the contractor working on the M1 section between Crossroads and Kanengo in Lilongwe. NCIC chief executive officer Engineer Gerald Khonje said this on Sunday in response to The Nation enquiry on concerns that the contractor, hired by the Chinese

Parastatals need radical reforms to perform | The Nation Online

Performance of parastatals or statutory corporations recently dominated headlines after Minister of Finance and Economic Affairs Sosten Gwengwe made public rankings of 72 State-owned enterprises (SOEs) in the 2022/23 financial year. Not much change, I must say. It is the “shame old story” as the “sick babies” are still on life-support while star performers remained

Sugar price tussle sours | The Nation Online

Battle lines have been drawn between Illovo Sugar (Malawi) plc and Ministry of Trade and Industry over pricing, with the producer refusing to commit to reduce the price within seven days. The local sugar manufacturer, which has a 95 percent market share, said issues of pricing are decided upon internal evaluation of various factors. The

Petra s Kamuzu Chibambo hits at RBM | The Nation Online

People’s Transformation Party (Petra) president Kamuzu Chibambo has bashed the Reserve Bank of Malawi (RBM) for allegedly failing to come up with measures to stabilise the country’s economy. Addressing a press conference in Blantyre on Monday, he said the central bank is sticking to a discretionary monetary policy that has not helped the country to

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