Representing the SADC
Malawian citizens, in random interviews at filling stations in the Capital, Lilongwe, have described oil marketing companies, commercial banks and Malawi Energy Regulatory Authority (MERA) as the “biggest culprits” perpetrating the perennial problem of fuel stock-outs in the country. The sentiments by the citizens come amid the resurgence of petrol stock-outs in some parts of … Read More “Malawians Blame Mera, Oil Companies, Banks for Fuel Shortages” »
Malawi Stock Exchange (MSE) Listed NBS Bank says it expects a 140% profit jump after tax for the year ended 31 December 2022 compared to the same period last year. Earlier, the bank, popularly known as ‘the Red Brigade” had projected a 110% profit after tax for the review period. But in a revised trading … Read More “Malawi: NBS Bank Projects 140 Percent Profit Jump After Tax” »
Malawi’s headline year on year inflation rate for July soared to 24.6 percent from 23.5 percent in June, triggering fears of continued escalation of cost of living and erosion of salary values in peoples’ pockets. National Statistics Office (NSO) says during the month under review, food and non-food inflation rates were at 32.5 and 17.5 … Read More “Malawi: Inflation Rate Rises to 24.6 Percent” »
