Policy
IMF mission urges decisive fiscal restraint before October budget
Programme performance is "broadly on track," but the wage bill has drifted materially beyond the agreed envelope.
Markets · FX
Kwacha buckles past 1,750 to the dollar as the Reserve Bank's forex defence runs thin
Three weeks of widening parallel-market spreads have forced importers to ration orders, and RBM officials privately concede the official rate cannot hold through the lean season without a fresh IMF tranche.
Latest stories
All storiesBanking
Standard Bank Malawi posts record MWK 92bn profit
Net interest margin widened to 11.9 percent. Three rivals are already cutting fees to claw back share.
Agriculture
Tobacco floors open in Limbe with quotas tightened amid soft demand
Average green-leaf price ticks up 8 percent year on year, but volumes are 17 percent lower.
Premium
A two-year T-note clears at 30 percent. The yield curve is no longer a curve.
It is a near-flat line at the upper end of stress. Pension fund actuaries are quietly recalibrating.
Mining
Mota-Engil delays Kayelekera uranium restart to Q3 2027
A fresh permit stand-off and softer spot prices push the timeline once again.
Opinion
The kwacha is not over-valued. It is over-defended.
Defending a price you cannot afford is not stability. It is denial with a calendar.
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The long read
All featuresPremium
A two-year T-note clears at 30 percent. The yield curve is no longer a curve.
It is a near-flat line at the upper end of stress. Pension fund actuaries are quietly recalibrating.
Premium
Inside Standard Bank's record year - and why competitors say it cannot last
Net interest margin widened to 11.9 percent as deposit costs lagged loan repricing.
Opinion
All columnsThe kwacha is not over-valued. It is over-defended.
Defending a price you cannot afford is not stability. It is denial with a calendar.
Stop treating ADMARC as a charity. It is a balance-sheet problem.
The grain board has been a fiscal cost-centre for a decade. The numbers no longer leave room for sentiment.
Mobile money is now systemic. Why is supervision still a footnote?
Twelve trillion kwacha in annual transactions deserves more than a regulatory addendum.