A construction company, Icon Properties PLC has announced posting K16.7 billion after tax profit in 2022 with a final total dividend of K1.6 billion to be given to shareholders.

Sycamore Consult Limited has trained staff of the CDH Investment Bank on how well they can manage their personal finances.

Old Mutual (Malawi) Limited has become the first financial service provider in the country to launch a financial education podcast, dubbed “On The Money”. According to information sourced on the organisation’s website; the first episode features Old Mutual's Group Chief Executive Officer, Edith Jiya, and Old Mutual's Financial Education expert Benard Chiluzi as a permanent guest.

The Competition and Fair Trading Commission (CFTC) has issued a cease and desist order to 16 traders for over charging cement. CFTC Spokesperson Innocent Helema has told Zodiak Online that this follows ongoing investigations into the matter as tasked by the Ministry of Trade. 

Amid economic tantrums that the country is going through, Malawians should yet again brace for tough times ahead as the Central Bank, Reserve Bank of Malawi has announced an upward adjustment of the policy rate.

Shareholders for Malawi Stock Exchange-listed Standard Bank Malawi on Thursday approved a final dividend payout of K20 billion, representing K51 per share.

Results of a foreign exchange auction hosted by the Reserve Bank of Malawi on June 19 have pushed the maximum selling price of USD1 to MWK1, 063.86 from MWK1, 036 effective Wednesday June 21st 2023.

Malawi’s year-on-year inflation for the month of May stood at 29.2 percent on account of rising food inflation, and experts warn it projects a continued rise in the cost of living and a decline in purchasing power.

The Malawi Investment and Trade Centre (MITC) is optimistic that the country’s exports will increase by 20 percent this year, among others, thanks to exposure of more exporters to international markets.