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The environmental and social impact assessment (Esia) study for Kayelekera Uranium Mine restart is critical for the projects target of connecting to the national electricity grid the investor and others have said In a statement on Tuesday Lotus Resources Limited the owners of the mine in Karonga District said it is currently undertaking studies to …

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Malawi could reap more from its timber products which currently contributes a paltry 0.1 percent to the gross domestic product (GDP) by embracing value-addition and reviewing outdated forestry management policies it has emerged. This follows data showing that in 2023/24 fiscal year the country exported millions of kilogrammes (kg) of timber plywood rubber and shutter …

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FDH Bank plc has committed to work with local companies and non-governmental organisations in providing a platform for buying and selling of carbon credits. After generating carbon credits farmers or plantation owners can sell them to buyers including businesses and individuals who want to offset their industrial emissions. The credits are traded on special markets …

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Farmers have joined motorists in an uncertain wait for seed which appears to be in short supply for both the Affordable Inputs Programme (AIP) and the commercial market. Some individual farmers and their mother body Farmers Union of Malawi (FUM) have confirmed struggling to access the seed especially for maize despite the rains having started. …

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National Bank of Malawi (NBM) plc has injected K90 million towards the establishment of banana demonstration plots in Thyolo and Mulanje districts to revive large-scale commercial production of the crop. Speaking when he announced the financing deal and the signing of a memorandum of understanding (MoU) with the Centre for Agricultural Transformation (CAT) in Lilongwe …

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Illovo Sugar (Malawi) plc board chairperson Jimmy Lipunga says the firm has the capacity to handle recruitment of managing director (MD) saying there is a possibility of outsourcing the services at a later stage. His comments follow sentiments by some observers who faulted the Malawi Stock Exchange-listed firms decision to use internal structures in the …

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Attorney General Thabo Chakaka Nyirenda claims that Malawi Defence Force (MDF) military hardware supplier Shiraz Ferreira of SF International was overpaid by about $2.5 million (about K4.3 billion) between 2012 and 2017. Making a submission in the High Court of Malawi Commercial Division in Lilongwe in a case where Ferreira is claiming $7.1 million (about …

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Minister of Energy Ibrahim Matola yesterday issued a public statement explaining the fuel status and measures being undertaken to stabilise the situation but stakeholders have said the explanation offers no hope. In a statement yesterday the minister who has been in hibernation since the latest episode of fuel scarcity now clocking six weeks and counting …

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Since November 2023 Blantyre Adventist Hospital (BAH) has provided free treatment to at least 48 patients with varying heart conditions during three open heart surgery camps. The patients include eight who underwent open heart surgeries this month at BAH where two more are expected to undergo the procedure today. A healthcare worker checks on an …

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Taxpayers are set to foot a $33.3 million (about K58.3 billion) payout to a foreign fertiliser supplier after Attorney General (AG) Thabo Chakaka Nyirenda consented to pay Africa Investment Group (AIG) it has emerged. The payout follows a High Court of Malawi Commercial Division judgement made in July 2024 in connection with the debt owed …

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Capital Markets Association of Malawi and other industry players have embarked on a nationwide financial literacy campaign to sensitise the public to investment opportunities available on the 16-counter Malawi Stock Exchange (MSE). The campaign which started on Monday in the lakeshore district of Karonga known for various business activities and home to Kayelekera Uranium Mine …

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Football Association of Malawi (FAM) says it is engaging the Malawi National Council of Sports on filling the vacant post of Flames coach. The associations president Fleetwood Haiya said this after the Malawi National Football Team beat Burkina Faso 3-0 at Bingu National Stadium in Lilongwe to mark the end of their TotalEnergies 2025 Africa …

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President Lazarus Chakwera has expressed gratitude to the Global Fund for its support to Malawi which has also helped to contain HIV and Aids malaria and tuberculosis. Speaking during the official opening of the 52nd Global Fund Board Meeting held at Bingu International Convention Centre in Lilongwe on Monday the President said Malawi appreciates the …