Some Malawi Stock Exchange (MSE)-listed firms are bracing for a challenging year due to mounting pressure on the economy characterised by high inflation and interest rates, foreign exchange scarcity and a cost of living crisis. An analysis of published accounts of seven firms out of the 16 on MSE, namely Nico Holdings plc, NBS Bank
Govt move threatens market liquidity—BAM | The Nation Online mwnation.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mwnation.com Daily Mail and Mail on Sunday newspapers.
Businesses in the country are still struggling to source foreign exchange from banks, three months after the Reserve Bank of Malawi (RBM) devalued the kwacha by 44 percent. The devaluation, which was a condition for the Malawi Government to clinch the four-year $175 million (about K297.5 billion) International Monetary Fund (IMF) Extended Credit Facility (ECF)
Cost of borrowing hurting consumers | The Nation Online mwnation.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mwnation.com Daily Mail and Mail on Sunday newspapers.
Commercial banks’ move to raise base lending rates in reaction to Reserve Bank of Malawi’s (RBM) policy rate hike will strain businesses and consumers. Following RBM’s decision to raise the policy rate by 200 basis points to 26 percent, commercial banks have responded by raising the reference rate to 24.9 percent from 23.6 percent This