NBS Bank’s systems crash for HOURS leaving thousands of customers locked out and furious across Malawi

Fury erupted across Malawi on Thursday as NBS Bank’s servers collapsed for the better part of the day, leaving customers nationwide locked out of their accounts, unable to complete even the simplest transactions, and increasingly desperate as the outage dragged on. By mid-morning, social media was awash with complaints from exasperated NBS customers, many venting […] The post NBS Bank’s systems crash for HOURS leaving thousands of customers locked out and furious across Malawi appeared first on Malawi News | Breaking News, Politics, Business & Sports | Nyasa Times .

nyasatimes.com · 2026-10-01 16:42 economy en

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Diesel scarcity stalls economic activity

Persistent diesel scarcity over the past month has stalled economic activity in the country with businesses reporting increased operating costs and losses as trucks and machinery remain idle while businesses wait for fuel. Transport operators said in separate interviews yesterday that they are experiencing prolonged delays in the movement of goods while businesses that rely … The post Diesel scarcity stalls economic activity appeared first on Nation Online .

mwnation.com · 2026-10-01 06:55 economy en

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Parastatals must run like businesses to tick

In the 23rd edition of the Malawi Economic Monitor (MEM) unveiled in Lilongwe last week, the World Bank highlighted a sobering reality: most of the country’s State-owned enterprises (SOEs) remain financially weak and dangerously dependent on State support. These parastatals suffer from weak cash flows, poor debt-ser vicing capacity and declining dividend contributions to their … The post Parastatals must run like businesses to tick appeared first on Nation Online .

mwnation.com · 2026-10-01 05:26 economy en

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Falling food prices fail to ease poverty

Malawi’s improving macro economic indicators are yet to translate into better conditions at the dinner table with new World Bank data showing that more people cannot afford minimum food requirements despite declining overall poverty and moderating inflation. The World Bank’s latest Malawi Economic Monitor (MEM) indicates that national poverty has fallen from 50.7 percent to … The post Falling food prices fail to ease poverty appeared first on Nation Online .

mwnation.com · 2026-10-01 05:12 economy en

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LUANAR professor calls for greater youth participation in Malawi’s economic development

Newly inaugurated Professor Kennedy Machira of the Lilongwe University of Agriculture and Natural Resources (LUANAR) has called for deliberate measures to ensure that Malawi’s youthful population plays a greater role in the country’s economic development. Professor Machira made the call on Wednesday at LUANAR’s Bunda Campus during his Professorial Inaugural Lecture, held under the theme […] The post LUANAR professor calls for greater youth participation in Malawi’s economic development appeared first on Malawi News | Breaking News, Politics, Business & Sports | Nyasa Times .

nyasatimes.com · 2026-09-30 14:01 economy en

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Bank in fresh push for unified exchange rate

The World Bank has prescribed a major reset of Malawi’s foreign exchange regime, proposing fiscal and monetary tightening before authorities unify exchange rates and move towards a market-determined system. In its biannual publication Malawi Economic Monitor (MEM) published last week, the World Bank has recommended laying the groundwork for exchange rate unification by tightening fiscal … The post Bank in fresh push for unified exchange rate appeared first on Nation Online .

mwnation.com · 2026-09-30 04:51 economy en

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Malawi Housing Corporation roars back to profit under Chimkango

Malawi Housing Corporation (MHC), the state-owned property and housing body, has returned to profitability in the first quarter of the 2026/2027 financial year, in what management is presenting as a significant milestone in the institution’s long-running financial recovery. On the corporation’s operational performance measure, the result marks MHC’s first profitable quarter since 2019, according to […] The post Malawi Housing Corporation roars back to profit under Chimkango appeared first on Malawi News | Breaking News, Politics, Business & Sports | Nyasa Times .

nyasatimes.com · 2026-09-29 22:04 economy en

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COMMENT: You cannot tax a nation into prosperity — Malawi’s leaders must finally learn this lesson

There is a peculiar kind of madness gripping Malawi’s economic policy, one that would be almost comical if the consequences weren’t so devastating for ordinary people. While government ministers stand at podiums preaching the gospel of investment, export growth and industrialisation, their own tax authority is quietly strangling the very businesses capable of delivering it. […] The post COMMENT: You cannot tax a nation into prosperity — Malawi’s leaders must finally learn this lesson appeared first on Malawi News | Breaking News, Politics, Business & Sports | Nyasa Times .

nyasatimes.com · 2026-09-29 14:38 economy en

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Continental Holdings profits more than double as banking arm fuels strong first-half growth

Continental Holdings Plc (CHL) delivered a sharp rise in earnings during the first six months of 2026, with profit after tax more than doubling as its banking subsidiary capitalised on balance sheet growth and resilient demand for financial services despite Malawi’s challenging economic environment. The financial services group reported profit after tax of MWK43.4 billion […] The post Continental Holdings profits more than double as banking arm fuels strong first-half growth appeared first on Malawi News | Breaking News, Politics, Business & Sports | Nyasa Times .

nyasatimes.com · 2026-09-29 12:12 economy en

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Malawi’s cheques to be axed for good as Reserve Bank announces final deadline: March 2027

Reserve Bank of Malawin has officially confirmed the death of the cheque, announcing that the payment instrument will be scrapped for good on 11 March 2027 — marking a dramatic shift towards electronic and digital payment methods across the country. The bombshell announcement came in a joint statement issued late on the night of 28 […] The post Malawi’s cheques to be axed for good as Reserve Bank announces final deadline: March 2027 appeared first on Malawi News | Breaking News, Politics, Business & Sports | Nyasa Times .

nyasatimes.com · 2026-09-29 11:58 economy en

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Finance Bank K1.1 trillion claim fate in 21 days

Finance Bank Malawi will know the fate of its record K1.1 trillion compensation claim within the next 21 days following conclusion of hearing of the assessment in Blantyre yesterday. Malawi Supreme Court of Appeal assistant registrar Ibrahim Hussein hinted at the period for determination after hearing final oral submissions from parties to the case. RBM … The post Finance Bank K1.1 trillion claim fate in 21 days appeared first on Nation Online .

mwnation.com · 2026-09-29 06:04 economy en

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Debt distress clouds economy—network

The African Sovereign Debt Justice Network has warned that Malawi’s deepening debt distress could undermine future debt sustainability unless authorities address the structural weaknesses driving the fiscal crisis. In its September 2026 report on Malawi’s debt situation, the network, which comprises citizens, scholars, civil society actors and church groups, said securing a new International Monetary … The post Debt distress clouds economy—network appeared first on Nation Online .

mwnation.com · 2026-09-29 02:48 economy en

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Tax incentives not strategic—expert

Taxation expert Misheck Msiska has faulted the Malawi Government for lacking strategic focus in providing tax incentives that could turn around the country’s ailing economy. He was commenting on the United Nations Children’s Fund (Unicef) analysis which indicates that Malawi has been losing tax revenue through value added tax (VAT) exemptions that give greater benefits … The post Tax incentives not strategic—expert appeared first on Nation Online .

mwnation.com · 2026-09-29 02:40 economy en

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CDH Investment Bank commits K8.5m towards ECAMA Annual Conference

CDH Investment Bank has supported the Economics Association of Malawi (ECAMA) with K8.5 million towards its Annual Economic Conference scheduled for 29 to 30 October 2026 in Mangochi. This year’s conference will be held under the theme “From Policy to Practice: Making Reforms Work.” Speaking during the cheque presentation on Monday in Lilongwe, CDH Bank’s […] The post CDH Investment Bank commits K8.5m towards ECAMA Annual Conference appeared first on Malawi News | Breaking News, Politics, Business & Sports | Nyasa Times .

nyasatimes.com · 2026-09-28 22:13 economy en

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Malawi’s economists press for fiscal discipline and forex reform as debt nears 91% of GDP

The Economics Association of Malawi says tight budgets and a more flexible exchange rate are needed, but warns that the medicine carries costs for business Malawi’s economists are urging the government to rein in spending and overhaul its management of foreign exchange, as a severe dollar shortage collides with public debt of about K24tn, equivalent […] The post Malawi’s economists press for fiscal discipline and forex reform as debt nears 91% of GDP appeared first on Malawi News | Breaking News, Politics, Business & Sports | Nyasa Times .

nyasatimes.com · 2026-09-28 11:31 economy en

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‘Not silence, intimidation or political spin’: Kabambe challenges President Mutharika to confront corruption and economic strain

Malawi’s opposition UTM leader, Dalitso Kabambe, has publicly urged President Peter Mutharika to “speak directly to the nation” about what his administration is doing to tackle corruption and the country’s economic difficulties, in an open letter that lands days before the president’s first anniversary in office. Kabambe, a former governor of the Reserve Bank of […] The post ‘Not silence, intimidation or political spin’: Kabambe challenges President Mutharika to confront corruption and economic strain appeared first on Malawi News | Breaking News, Politics, Business & Sports | Nyasa Times .

nyasatimes.com · 2026-09-28 09:54 economy en

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TNM posts 53 percent profit jump, declares K5.19 billion dividend

TNM plc has reported a 53 percent jump in profit after-tax for the six months ended June 30 2026, driven by strong growth in voice, data and mobile money services while declaring a first interim dividend of K5.19 billion. Profit after-tax increased to K12.22 billion from K7.97 billion in the first half of 2025, aided … The post TNM posts 53 percent profit jump, declares K5.19 billion dividend appeared first on Nation Online .

mwnation.com · 2026-09-28 06:48 economy en

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Police foil terrifying arms smuggling bid as Mozambican duo caught with AK-47, pistols and horseman’s pick

Malawi Police have made a chilling weapons discovery after arresting two Mozambican nationals caught attempting to bypass a security roadblock while armed with a terrifying arsenal, including an AK-47 assault rifle, multiple pistols and a horseman’s pick. Julio Aromado, 25, and Steven George, 30, were dramatically apprehended at Kamuzu Bridge Roadblock in Chikwawa earlier today, […] The post Police foil terrifying arms smuggling bid as Mozambican duo caught with AK-47, pistols and horseman’s pick appeared first on Malawi News | Breaking News, Politics, Business & Sports | Nyasa Times .

nyasatimes.com · 2026-09-27 22:34 economy en

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Malawi, Kazakhstan establish ties as Chaponda eyes new trade markets

Malawi and Kazakhstan have formally established diplomatic relations, with the two countries also outlining early plans for trade covering wheat, tea, coffee and macadamia nuts. The development was sealed on the sidelines of the 81st session of the UN General Assembly in New York, where Malawi’s Minister of Foreign Affairs and International Cooperation, George Thapatula […] The post Malawi, Kazakhstan establish ties as Chaponda eyes new trade markets appeared first on Malawi News | Breaking News, Politics, Business & Sports | Nyasa Times .

nyasatimes.com · 2026-09-26 14:00 economy en

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Sparc Systems Limited crowned ICT Company of the Year at TICON Africa 2026 Awards

Sparc Systems Limited has been crowned ICT Company of the Year at the prestigious Technology Information Confederation (TICON) Africa 2026 Excellence Awards. The award was presented during an exclusive Awards Gala Evening held on Thursday, September 24, alongside the 4th Annual TICON Africa Conference in Livingstone, Zambia. TICON Africa is a Pan-African body advancing ICT, […] The post Sparc Systems Limited crowned ICT Company of the Year at TICON Africa 2026 Awards appeared first on Malawi News | Breaking News, Politics, Business & Sports | Nyasa Times .

nyasatimes.com · 2026-09-26 12:13 economy en

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Taxes increasing cost of business, says World Bank

The World Bank says Malawi’s new tax measures are increasing the cost of doing business and putting further pressure on firms already grappling with foreign exchange shortages, unreliable electricity, rising input costs and weak demand. In its latest Malawi Economic Monitor published on Thursday, the bank said levies on bank and mobile-money transfers, higher value … The post Taxes increasing cost of business, says World Bank appeared first on Nation Online .

mwnation.com · 2026-09-26 05:05 economy en

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“Malawi Revenue Authority strengthens trade partnership with new AEO licences

Malawi Revenue Authority (MRA) has awarded Authorised Economic Operator (AEO) licences to seven new operators, as part of efforts to facilitate legitimate trade and strengthen compliance with customs requirements. Speaking during an AEO Stakeholder Meeting in Blantyre, MRA Commissioner General Felix Tambulasi said the programme represents an important partnership between the Authority and the business […] The post “Malawi Revenue Authority strengthens trade partnership with new AEO licences appeared first on Malawi News | Breaking News, Politics, Business & Sports | Nyasa Times .

nyasatimes.com · 2026-09-25 22:26 economy en

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World bank applauds Malawi’s fiscal gains

The World Bank has hailed Malawi for executing the 2026/27 National Budget within approved limits for the first time in more than five years, describing the development as an important milestone in the country’s efforts to restore macroeconomic stability. World Bank Group division director for Malawi, Tanzania, Zambia and Zimbabwe Firas Raad made the remarks … The post World bank applauds Malawi’s fiscal gains appeared first on Nation Online .

mwnation.com · 2026-09-25 09:14 economy en

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Corporates seek predictable policies to boost investment

Malawi’s biggest corporates have called for a stable and predictable policy environment to give businesses confidence to invest, produce and expand. The call was made yesterday in Blantyre at a high-level business breakfast convened by Nico Holdings plc, Old Mutual Malawi Limited and Press Corporation plc. The event brought together government and business leaders to … The post Corporates seek predictable policies to boost investment appeared first on Nation Online .

mwnation.com · 2026-09-25 05:39 economy en

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World Bank credits Malawi with fiscal discipline as Mwanamvekha hails ‘candid’ report

The World Bank has praised the Malawi government for demonstrating stronger financial discipline, saying public finances are finally showing signs of improvement after years of double-digit deficits. In its latest Malawi Economic Monitor, the Bank describes the shift as an initial step toward fiscal consolidation following a prolonged period of overspending. According to the report, […] The post World Bank credits Malawi with fiscal discipline as Mwanamvekha hails ‘candid’ report appeared first on Malawi News | Breaking News, Politics, Business & Sports | Nyasa Times .

nyasatimes.com · 2026-09-24 18:53 economy en

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Malawi business leaders warn taxes, energy crisis choking investment

The country’s private sector giants have revealed they hold over ten trillion Kwacha in assets, but say heavy taxes, forex shortages and persistent energy challenges are choking investment in Malawi. The sentiments were shared in Blantyre on Thursday during a Business Breakfast held under the theme “Driving Economic Transformation Through Collaborative Partnership”, which brought together […] The post Malawi business leaders warn taxes, energy crisis choking investment appeared first on Malawi News | Breaking News, Politics, Business & Sports | Nyasa Times .

nyasatimes.com · 2026-09-24 18:15 economy en

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World Bank warns Malawi’s mining potential hinges on solving electricity crisis

Malawi’s drive to build a mining industry around critical minerals is being held back by a chronic electricity shortage, according to a new World Bank report that warns the country’s mineral wealth could remain largely untapped without urgent power sector reform. The report, titled “From Potential to Prosperity: A Roadmap for Malawi’s Energy Transition Minerals”, […] The post World Bank warns Malawi’s mining potential hinges on solving electricity crisis appeared first on Malawi News | Breaking News, Politics, Business & Sports | Nyasa Times .

nyasatimes.com · 2026-09-24 07:28 economy en

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FDH Bank employee died from gunshot wound, postmortem finds

An FDH Bank employee found dead inside her own car has been confirmed to have died from a devastating gunshot wound to the neck, according to a harrowing postmortem report that has plunged colleagues and family into grief and left police scrambling to track down her killers. Tathokoza Salimu was discovered lifeless in her vehicle […] The post FDH Bank employee died from gunshot wound, postmortem finds appeared first on Malawi News | Breaking News, Politics, Business & Sports | Nyasa Times .

nyasatimes.com · 2026-09-24 06:46 economy en

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National Bank of Malawi honours staff recognition pledge with Cape Town tour

National Bank of Malawi (NBM) plc has honoured its promise to send eight 2024 Platinum Employee Recognition Awardees and their spouses on an all-expenses-paid trip, taking them to Cape Town, South Africa, after their original travel plans hit a snag. The employees departed Malawi on Saturday for the special tour, following the disruption of their […] The post National Bank of Malawi honours staff recognition pledge with Cape Town tour appeared first on Malawi News | Breaking News, Politics, Business & Sports | Nyasa Times .

nyasatimes.com · 2026-09-23 23:35 economy en

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World bank highlights development roadmap

World Bank Group country manager Abdu Muwonge has outlined a development roadmap for Malawi anchored on macroeconomic stability, stronger institutions, private investment and job creation, saying that financing alone will not deliver economic transformation. He told The Nation that Malawi needs to address structural and governance weaknesses that have constrained the impact of development financing … The post World bank highlights development roadmap appeared first on Nation Online .

mwnation.com · 2026-09-23 05:45 economy en

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Minister Ben Phiri touts China’s economic playbook as blueprint for Malawi’s industrial future

Minister of Local Government Dr Ben Phiri has held up China’s rapid economic transformation as a model for Malawi to draw from, following a presentation delivered during his ongoing study tour at Peking University in Beijing. In a statement on his study tour, Phiri said the programme had offered valuable insight into the development models […] The post Minister Ben Phiri touts China’s economic playbook as blueprint for Malawi’s industrial future appeared first on Malawi News | Breaking News, Politics, Business & Sports | Nyasa Times .

nyasatimes.com · 2026-09-22 20:25 economy en

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National Bank of Malawi sponsors LUANAR Alumni Connect with K4m donation

National Bank of Malawi (NBM) plc has thrown its financial weight behind a major reunion for one of the country’s most respected universities, pledging a K4 million sponsorship to support the upcoming LUANAR Alumni Connect initiative. The symbolic cheque handover took place at NBM’s headquarters in Lilongwe, with the flagship gathering itself set to take […] The post National Bank of Malawi sponsors LUANAR Alumni Connect with K4m donation appeared first on Malawi News | Breaking News, Politics, Business & Sports | Nyasa Times .

nyasatimes.com · 2026-09-22 18:34 economy en

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UN cautions economic woes threaten peace

The United Nations (UN) in Malawi has warned that economic challenges facing the country are potential triggers of instability and urged authorities to ensure deliberate investment in national peace. UN Resident Coordinator Rebecca Adda-Dontoh, speaking in Mzuzu yesterday during commemoration of the International Day of Peace, said Malawians should not take for granted the peace … The post UN cautions economic woes threaten peace appeared first on Nation Online .

mwnation.com · 2026-09-22 08:25 economy en

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Horror as FDH bank worker, 31, found dead in pool of blood in her own car — engine still running

A murder investigation has been launched in Dowa after a 31-year-old bank employee was found dead in a blood-soaked vehicle abandoned along the Dzaleka–Dowa Boma road, in a discovery that has left the local community reeling. The victim, named as Tathokoza Salimu, was found last evening at Chinkhota Village, near Tatolonga Bridge — in circumstances […] The post Horror as FDH bank worker, 31, found dead in pool of blood in her own car — engine still running appeared first on Malawi News | Breaking News, Politics, Business & Sports | Nyasa Times .

nyasatimes.com · 2026-09-22 08:12 economy en

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EDF, FDH Bank partner to formalise Malawi gold trade

Malawi’s Export Development Fund (EDF) has struck a partnership with FDH Bank to open four new Gold Trading Centres in Karonga, Mzimba (Jenda), Mangochi and Blantyre, as the state-backed fund seeks to draw a greater share of the country’s gold trade into formal channels. The tie-up extends EDF’s purchasing network beyond its existing outposts in […] The post EDF, FDH Bank partner to formalise Malawi gold trade appeared first on Malawi News | Breaking News, Politics, Business & Sports | Nyasa Times .

nyasatimes.com · 2026-09-21 09:47 economy en

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EDF partners FDH Bank to expand gold-buying

The Reserve Bank of Malawi (RBM) subsidiary Export Development Fund (EDF) has partnered FDH Bank plc to capture more of the couontry’s gold through formal channels and increase purchases from small-scale miners and traders nationwide. In a statement on Friday, EDF said the Malawi Stock Exchange-listed bank will host the centres at its branches in … The post EDF partners FDH Bank to expand gold-buying appeared first on Nation Online .

mwnation.com · 2026-09-21 08:07 economy en

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Malawi’s immigration system turned into a marketplace: fake visas for MK2 million

Inside the alleged network where an Indian restaurant worker and corrupt officials reportedly sold visas, work permits and tip-offs to foreign nationals bypassing Malawi’s borders A shadowy parallel immigration operation is reportedly producing fake visas, work permits and residence permits for foreign nationals in Malawi, allegedly working hand-in-glove with corrupt immigration officials to bypass the […] The post Malawi’s immigration system turned into a marketplace: fake visas for MK2 million appeared first on Malawi News | Breaking News, Politics, Business & Sports | Nyasa Times .

nyasatimes.com · 2026-09-20 20:07 economy en

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Chakwera breaks silence on Malawi’s power crisis: ‘Prices have been stolen from farmers’

Malawi’s former president Lazarus Chakwera has broken his silence on the country’s ongoing power crisis and the collapse of crop prices, delivering a blunt assessment of the hardship facing farmers to a crowd he stumbled upon while travelling home from a funeral. Chakwera, who led Malawi as president from 2020 until his defeat in the […] The post Chakwera breaks silence on Malawi’s power crisis: ‘Prices have been stolen from farmers’ appeared first on Malawi News | Breaking News, Politics, Business & Sports | Nyasa Times .

nyasatimes.com · 2026-09-20 18:18 economy en

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Taxpayers to bear cost of Mozambique electricity

The prospect of spending a colossal K9.8 billion every month on imported electricity has unsettled Malawi, prompting government efforts to renegotiate terms of its power deal with Mozambique. Under the current Power Purchase Agreement, signed three years ago, Malawi is obliged to pay $5.5 million (about K9.8 billion) monthly for 50 megawatts (MW) of electricity, … The post Taxpayers to bear cost of Mozambique electricity appeared first on Nation Online .

mwnation.com · 2026-09-20 07:26 economy en

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‘Surrounded by yes-men’: Kabambe’s savage attack on Mutharika over Malawi’s economic ‘crisis’

Malawi’s president risks being cocooned by advisers feeding him comforting lies while the country’s economy crumbles around him, a fierce broadside from opposition leader Dalitso Kabambe has claimed. The former central bank governor, who now leads the United Transformation Movement (UTM), unleashed the attack in a blistering Facebook post on Saturday — accusing President Peter […] The post ‘Surrounded by yes-men’: Kabambe’s savage attack on Mutharika over Malawi’s economic ‘crisis’ appeared first on Malawi News | Breaking News, Politics, Business & Sports | Nyasa Times .

nyasatimes.com · 2026-09-20 01:28 economy en

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Malawi turns to its tax authority to fill the hole left by donors

Malawi’s tax authority is being asked to raise almost the entirety of the country’s K10.978tn budget for 2026/27, more than a decade after international donors withdrew direct financial support to the government following one of the country’s largest corruption scandals. The Malawi Revenue Authority (MRA) once operated alongside donor funding that covered as much as […] The post Malawi turns to its tax authority to fill the hole left by donors appeared first on Malawi News | Breaking News, Politics, Business & Sports | Nyasa Times .

nyasatimes.com · 2026-09-19 10:07 economy en

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Kabambe questions economic recovery optimism

Opposition party UTM president Dalitso Kabambe has questioned optimism over the country’s economic recovery, arguing that some cited indicators do not reflect the economic pressures facing households and businesses. The former Reserve Bank Governor made the remarks in a Facebook post. It followed a meeting between President Peter Mutharika and the Bankers Association of Malawi … The post Kabambe questions economic recovery optimism appeared first on Nation Online .

mwnation.com · 2026-09-19 09:05 economy en

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Water tariff power shift

Government is considering a major shake-up of water tariff regulation that could transfer tariff-setting powers from the responsible ministry to an independent national regulator. Sources within and outside government say preparatory work is underway to assess the feasibility of separating tariff regulation from ministerial control. Women draw water from kiosks. Ministry of Agriculture and Irrigation … The post Water tariff power shift appeared first on Nation Online .

mwnation.com · 2026-09-19 06:14 economy en

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Investment plan outruns funding

The Malawi 2063 Investment Plan (MIP-1) has fallen short of its ambitions because its financing framework outpaced the country’s capacity to mobilise resources, limiting development investment, an Oxfam Malawi study has shown. The study, Evaluating Fiscal Strategies: The Interplay Between Debt Influence and Public Investments Decisions in Malawi shows that the scale of the financing … The post Investment plan outruns funding appeared first on Nation Online .

mwnation.com · 2026-09-19 05:44 economy en

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FDH Bank Premiership first round ends today

The curtain to the FDH Bank Premiership first round will be brought down this afternoon when Blue Eagles and reigning champions Mighty Wanderers battle for a top spot finish. The settling is the Eagles’ nest, Nankhaka ground in Area 30, Lilongwe. Wanderers lie second in the 16-team top-flight with 29 points, just a point shy … The post FDH Bank Premiership first round ends today appeared first on Nation Online .

mwnation.com · 2026-09-19 04:30 economy en

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World Bank approves $165.9 million grant for Malawi social protection programme

The World Bank approved on September 17 a grant financing package worth 287.8 billion kwacha ($165.9 million) for Malawi, aimed at strengthening resilience to climate and economic shocks while expanding access to jobs. The financing falls under a new initiative known as the Integrated Social Protection for Resilience and Opportunity Project, or INSPIRE-O. According to […] The post World Bank approves $165.9 million grant for Malawi social protection programme appeared first on Malawi News | Breaking News, Politics, Business & Sports | Nyasa Times .

nyasatimes.com · 2026-09-18 22:38 economy en

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Madinga hails Mutharika’s economic turnaround as inflation, interest rates tumble

Malawi’s banking chief has heaped praise on President Peter Mutharika, crediting him with steering the country’s economy firmly back on track, after a high-level meeting at Kamuzu Palace that saw both men hail a raft of encouraging economic indicators. Bankers Association of Malawi (BAM) President Philip Madinga delivered the glowing verdict after sitting down with […] The post Madinga hails Mutharika’s economic turnaround as inflation, interest rates tumble appeared first on Malawi News | Breaking News, Politics, Business & Sports | Nyasa Times .

nyasatimes.com · 2026-09-18 17:56 economy en

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Malawi inflation eases to seven-month low, but disinflation remains food-led and fragile

Malawi’s headline inflation rate has fallen for a seventh consecutive month, easing to 20.01 per cent in August from 20.83 per cent in July, according to data from the National Statistical Office analysed by Chifi Mhango, chief economist at Don Consultancy Group. The rate has now declined 8.22 percentage points over the past year, from […] The post Malawi inflation eases to seven-month low, but disinflation remains food-led and fragile appeared first on Malawi News | Breaking News, Politics, Business & Sports | Nyasa Times .

nyasatimes.com · 2026-09-18 13:38 economy en

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Sewing secondhand clothes, piercing economic wounds

Justin Jonas, 47, sits under a makeshift shed in Limbe, his right foot pressing the pedal of his sewing machine as a needle sews a pair of trousers. He pulls the fabric towards him, checks the seam and continues stitching. Next to him, another tailor, Yamikani Matewere does the same. He removes loose threads as … The post Sewing secondhand clothes, piercing economic wounds appeared first on Nation Online .

mwnation.com · 2026-09-18 02:35 economy en

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NBM, Akiba strengthen Tanzania-Malawi investment ties

National Bank of Malawi (NBM) plc, through its strategic partner Akiba Commercial Bank of Tanzania, says it will continue to strengthen trade and investment ties between the two countries. The two financial institutions participated in the Tanzania–Malawi Investment Forum held last week at Tantrade grounds in Dar es Salaam. National Bank of Malawi Speaking in … The post NBM, Akiba strengthen Tanzania-Malawi investment ties appeared first on Nation Online .

mwnation.com · 2026-09-17 14:21 economy en

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