Malawi’s public debt stock went up in the second quarter of this year to K2.195 trillion from K2.058. This represents 47 percent of the Gross Domestic Product (GDP) as at June 31.

This is according to a Reserve Bank of Malawi quarterly report.

Of the amount, K1,349.8 trillion was external debt stock while K846.1 trillion was domestic debt stock.

The report says external debt stock as at the end of June 2017 increased by 7.3 percent to $1,860.9 million.

“As such, the ratio of external debt to GDP increased to 28.9 percent from 26.9 percent recorded in the previous quarter.

Operations and Administration Manager

Location: Lilongwe
Employment Type: Full-time
Salary: N/A
Job deadline: 20th September, 2017
Company: British Council

The British Council is the UK’s international organisation for cultural relations and educational opportunities. We create friendly knowledge and understanding between the of the UK and other countries. We do by making a positive contribution to the UK and the countries we work with — changing lives by opportunities, building connections and engendering trust.

Finance Officer

Location: Lilongwe
Employment Type: Full-time
Salary: N/A
Job deadline: 25th September, 2017
Company: Chilungamo (Justice and Accountability) Programme

BACKGROUND

Monitoring and Evaluation Officer(M & E Officer)

Location: Lilongwe
Employment Type: Full-time
Salary: N/A
Job deadline: 25th September, 2017
Company: Chilungamo (Justice and Accountability) Programme

BACKGROUND

TNM to showcase digital capabilities at marketers indaba : Contributes K2mil towards AGM

Malawi’s integrated mobile network and ICT service provider TNM will showcase its latest digital capabilities across mobile and data platforms at this year’s Annual Lakeshore Conference of the Chartered Institute of Marketing (CIM)-Malawi Group.

TNM has partnered CIM as the official mobile and ICT partner of the conference and has contributed K2 million towards the event.Under the theme; “Internet of Things: Big Data Maximization” this year’s lakeshore conference will take place at Sunbird Nkopola Lodge in Mangochi from September 14 to 17, 2017.

National Bank of Malawi dates Small and Medium Enterprises

National Bank of Malawi (NBM) has emphasised the importance of Small and Medium Enterprises (SMEs) to the country’s socio and economic development.

NBM Head of Personal and Business Banking, Oswin Kasunda, said this in Zomba over the weekend when the bank hosted a meeting to interact with its customers.

The bank conducted the interactive meeting to share new innovations and services with SME owners.

Speaking during the meeting, Kasunda said the bank appreciates the role SMEs play in national development.

Icam gets K6 million boost

Mpico and Graham Carrhave each donated K3 million to the Institute of Chartered Accountants in Malawi (Icam). The money is to go towards preparations of Icam Annual General Meeting scheduled to take place next month in Mangochi.

Receiving the donation, Icam Chief Executive Officer, Francis Gondwe, said there is need to enhance technological innovations in the accounting field to match global standards.

“This is the reason why the institute decided to focus on technology, innovation and influence as the theme of the conference.

Malawi Stock Exchange extends bullish run

The Malawi Stock Exchange (MSE) continues to be buoyant registering a positive return on investment of 18.80 percent in the month of August.

The market made a total turnover of K1.5 billion in 148 trades with close to 43.5 million shares changing hands.

The average daily turnover for the month was K75.6 million.

Price gains registered by FMB, Illovo, Mpico, National Bank of Malawi, Nico, NITL, TNM and Old Mutual Limited were enough to offset share price losses registered by NBS and Standard Bank, resulting into an upward movement of the Malawi All Share Index.

National Bank of Malawi donates to Queen Elizabeth Central Hospital

Malawi Stock Exchange listed National Bank of Malawi (NBM) on Friday donated K8 million towards refurbishment of the TB Ward at the Queen Elizabeth Central Hospital (QECH) in Blantyre.

Making the donation, NBM Chief Executive Officer, MacFussy Kawawa, said that the donation aims to help TB patients live in a good environment.

“We want to improve the welfare of the patients. We made a similar donation in 2011 and when the management wrote us a proposal again for financial support, we did not hesitate to assist,” he said.

Malawi Stock Exchange set to break listing drought

The Malawi Stock Exchange (MSE) has said it is in talks with a property firm for a possible listing on the local bourse early next year.

MSE Chief Executive Officer, John Kamanga, declined to mention the name of the firm for fear of compromising negotiations but said that discussions with the company are at an advanced stage.

This comes as the stock market is set to list a new firm, FMB Capital Holdings, on September 18, through a restructuring.