Africa News Bulletin

Malawi

Malawi: Is Mzuzu Lagging Behind In Film Production – Fama

Mzuzu is lagging behind in film production compared to other cities in the country, Film Association of Malawi (Fama) has said. Fama president Gift ‘Sukez’ Sukali this should not be the case considering that the region has unique sceneries ideal for film production. Sukali (L) presents a certificate of participation to Chisale as veteran actress …

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Malawi: Mpico Registers K8.1bn Profit, Shareholders Happy

Malawi Property Investment Company (Mpico) plc board chairperson Edith Jiya says the property management firm posted a profit after-tax of K8.1 billion in the year ended December 2022. Speaking during the Malawi Stock Exchange (MSE)-listed firm annual general meeting on Friday in Lilongwe, she said the shareholders are happy with the financial performance achieved in …

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IFC Appoints New Regional Director For Eastern Africa

IFC has announced the appointment of Mary Porter Peschka as its new Regional Director for Eastern Africa. Peschka, who brings more than 30 years of global investment and development expertise to her new role, will drive IFC’s strategy across the region to support resilient, inclusive, and sustainable private sector growth and job creation. As Regional …

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Malawi: K70.6bn Aswap II Project Winding Up

The World Bank and government have expressed satisfaction with the implementation and impact of the $68.1 million (about K70.6 billion) Agriculture Sector Wide Approach Support Project II (Aswap-SPII) which has benefitted 270 000 households. Speaking during the project closure dissemination meeting in Lilongwe on Friday, World Bank senior agriculture economist Time Fatch said despite facing …

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Malawi: Treasury Says Carbon Credit Key For Generating Revenue

Ministry of Finance and Economic Affairs says international carbon markets present a unique opportunity for Treasury to generate revenue to finance development programmes. Addressing delegates during the launch of the Malawi Carbon Initiative at Lilongwe Botanic Gardens in Lilongwe on Friday, Secretary to the Treasury McDonald Mafuta-Mwale said carbon credits present a unique opportunity for …

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Malawi: EU Supports Agribusinesses, Pumps K200m To 2 Firms

Two agribusiness firms in Mzuzu have received K100 million loans each from European Investment Bank (EIB) as part of a broader Team Europe Initiatives to support green growth across Malawi and southern Africa. The two businesses are Wijays Enterprises owned by Joyce Banda and Wallie Farms owned by Sheryl Karim. The two emerged winners after …

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Malawi: Listed Firms’ Dividend Payout Up, Data Shows

Malawi Stock Exchange (MSE)-listed firms’ dividends payout for the year ended December 2022 shows a huge jump compared to 2021, with most firms more than doubling their payouts. Standard Bank plc and National Bank of Malawi plc lead the pack after paying huge dividends to shareholders. The development, according to market watchers, mirrors the resilience …

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