Friday, March 14, 2025

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NBS Bank projects K73 billion profit for 2024

NBS Bank plc has announced a significant leap in profitability for the year ending 31 December 2024, projecting a profit after tax between K68.6 billion and K72.5 billion. This marks an exceptional growth of between 133% and 146.6% compared to...

NBM plc eyes K98 billion 2024 profit

Malawi Stock Exchange-listed National Bank of Malawi (NBM) has announced an anticipated profit growth of up to 37% for the financial year ending December 31, 2024. The ‘Bank of the Nation’ says it expects its consolidated profit after tax to...

FDH Bank plc expects 2024 profit jump to 75%

FDH Bank plc has announced that it expects its profit for the year ending December 31, 2024, to grow to between K59.2 billion and K62.5 billion. This represents a 66 percent and 75 percent increase from the K35.6 billion reported in the previous period last...

Castel awards 69 long serving employees in 2024

Giant alcoholic beverage producer in the country, Castel Malawi Limited has recognised 69 long serving employees in the year 2024 by giving them certificates and other varying items.  The company started the rewarding process for this year last week in...

Sponsors, FAM delights in Castel Cup outcome

Sponsors Castel Malawi Limited and Football Association of Malawi (FAM) have expressed excitement over the improved level of competition in this year's Castel Challenge Cup.  This season's competition wrapped up on Saturday with Blantyre-based Mighty Mukuru Wanderers defeating Mzuzu City...

Castel Malawi sets mood for Castel Cup final

Excitement is building up as Castel Malawi Limited has set the mood for the final showdown in the Castel Cup between Mighty Mukuru Wanderers and Mzuzu City Hammers at Bingu Stadium (BNS) in Lilongwe on Saturday.  The two sides had...

PCL in hot soup, fired executives file K33bn claim for unfair dismissal and unlawful labour practices

Three former Press Corporation Limited (PCL) top executives have filed a K33 billion compensation for unfair dismissal and unlawful labour practices by the conglomerate. The three are former company secretary Bernard Ndau as first claimant, former group financial controller Elizabeth...

Journalists gain insights on Responsible Gambling through MAGLA Training

The Malawi Gaming and Lotteries Authority (MAGLA), in collaboration with Bwaila Media Club (BMC), on Friday conducted a media training aimed at bridging the information gap on responsible gambling, at The Forty-Four Hotel in Lilongwe’s Area 44. The event attracted 40...

DPP CEO Peter Mukhito calls for peaceful and issue-based campaigns ahead of 2025 Elections

Democratic Progressive Party (DPP) has urged its members and supporters to conduct peaceful and issue-based campaigns as the country gears up for the 2025 General Elections. In a statement signed by DPP Secretary General Peter Mukhito, the party emphasized the...

NBM plc proposes technical lessons in schools 

National Bank of Malawi (NBM) plc has proposed introduction of technical lessons in the country's school curriculum from early classes to enable the country have a good technical base and technical-minded people who will drive the country’s development. Head of Digital...
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Latest News

MAGLA imposes strict regulations on underage gambling

The Malawi Gaming and Lotteries Authority (MAGLA) has introduced strict new regulations to protect vulnerable populations, including a ban...
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