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Business

Articles and publications tagged Business across the Atmosphere.

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Articles

Publications

Malawi24Nov 10, 2026

MEDF has dismissed 23 employees while K21.3 billion in CDF loans remains undisbursed, as industrial output falls and external debt passes $4 billion.

CDFMalawi Enterprise Development Fund (MEDF)

Malawi24Nov 9, 2026

Malawi’s Nzika digital ID bounced at the bank

…Banks demand plastic cards despite govt assurances Government says the Nzika Digital ID Wallet carries the same validity as the physical national ID card. But some banks are refusing to accept it, leaving customers who do not have their plastic cards stranded. Two months after Malawi launched the digital ID wallet with speeches, flags and...

BanksNational Registration Bureau (NRB)

Malawi24Nov 9, 2026

SMEs face call to fix business skills

Experts have warned that Malawi’s small businesses risk struggling to grow unless their owners strengthen financial management and business skills. NBM Development Bank has warned that many small and medium-sized enterprises (SMEs) risk stagnating if they fail to adopt sound business management practices. Acting General Manager, Esnart Kamudoni, made the remarks when she opened a...

BusinessNational

Malawi24Nov 9, 2026

New taxes hit luxury shoppers

Luxury shoppers are in for an expensive surprise as the government moves to slap hefty new taxes on some of their favourite treats, with perfumes, wristwatches and jewellery among the items facing sharp increases. The changes, announced by the Malawi Revenue Authority (MRA), will affect products ranging from perfumes, jewellery and wristwatches to powdered drink...

Luxury GoodsMRA

Cory DransfeldtNov 9, 2026

The Cult of We

The definitive story of the rise and fall of WeWork (also depicted in the upcoming Apple TV+ series WeCrashed, starring Jared Leto and Anne Hathaway), by the real-life journalists whose Wall Street Journal reporting rocked the company and exposed a financial system drunk on the elixir of Silicon Valley innovation. WeWork would be worth $10 trillion, more than any other company in the world. It wasn’t just an office space provider. It was a tech company—an AI startup, even. Its WeGrow schools and WeLive residences would revolutionize education and housing. One day, mused founder Adam Neumann, a Middle East peace accord would be signed in a WeWork. The company might help colonize Mars. And Neumann would become the world’s first trillionaire. This was the vision of Neumann and his primary cheerleader, SoftBank’s Masayoshi Son. In hindsight, their ambition for the company, whose primary business was subletting desks in slickly designed offices, seems like madness. Why did so many intelligent people—from venture capitalists to Wall Street elite—fall for the hype? And how did WeWork go so wrong? In little more than a decade, Neumann transformed himself from a struggling baby clothes salesman into the charismatic, hard-partying CEO of a company worth $47 billion—on paper. With his long hair and feel-good mantras, the six-foot-five Israeli transplant looked the part of a messianic truth teller. Investors swooned, and billions poured in. Neumann dined with the CEOs of JPMorgan and Goldman Sachs, entertaining a parade of power brokers desperate to get a slice of what he was selling: the country’s most valuable startup, a once-in-a-lifetime opportunity and a generation-defining moment. Soon, however, WeWork was burning through cash faster than Neumann could bring it in. From his private jet, sometimes clouded with marijuana smoke, he scoured the globe for more capital. Then, as WeWork readied a Hail Mary IPO, it all fell apart. Nearly $40 billion of value vaporized in one of corporate America’s most spectacular meltdowns. Peppered with eye-popping, never-before-reported details, The Cult of We is the gripping story of careless and often absurd people—and the financial system they have made.

autobiographybiography

Malawi24Nov 7, 2026

Malawi ships first uranium export

Malawi has taken a major step towards restarting uranium exports after four containers carrying 145,000 pounds of uranium concentrate left Kayelekera Mine in Karonga for international markets. The shipment marks the first export consignment of uranium concentrate, commonly known as yellowcake, since Lotus Resources Limited resumed operations at the mine. Lotus Resources, the Australian company...

KarongaKayerekeka uranium mine

Malawi24Nov 7, 2026

Mzimba businesses set for major financial boost

Hundreds of small businesses in Mzimba are on the verge of a major financial breakthrough after struggling for years with limited capital, with 402 enterprises now set to receive funding designed to expand businesses, boost household incomes and strengthen economic independence. The beneficiaries, selected under the Social Protection for Gender Empowerment and Resilience (SP-GEAR) Programme,...

CRECCOMM'mbelwa Distict Council

Malawi24Nov 6, 2026

Milk centre bringing hope to Blantyre dairy farmers

A milk Centre has brought hope of better sales to over 7000 Blantyre daily farmers

AgricultureBlantyre

Malawi24Nov 6, 2026

Political interference blamed for parastatal losses

Political interference and political appointments are crippling Malawi’s parastatals, leaving taxpayers to foot the bill for billions of kwacha in losses. A University of Malawi doctoral student in Human Resource Management, Bright Limani, says poor leadership, lack of merit in appointments and chronic underfunding are among the major reasons state-owned enterprises continue performing poorly. Limani...

Bright LimaniMichael Kaiyatsa

Malawi24Nov 5, 2026

Ceelooks under fire over K450,000 scandal

Ceelooks Executive Saloon is learning the hard way that a celebrity reputation cannot cover up poor service, as an angry customer’s K450,000 beauty bill has exploded into a social media scandal, with Malawians demanding a full refund. The high-end salon, owned by Cecilia Magaleta Loka, wife of media personality Chris Loka, is facing fierce criticism...

BusinessChris Loka

Malawi24Nov 4, 2026

Who’s learning Mandarin?

Students from 22 universities across 14 countries gathered in a circle. One by one, they added their signatures to a banner that read, “I promise to speak only Chinese from today onward.” They spent nine weeks in Shanghai this summer, studying Mandarin and soaking up Chinese culture, as part of NYU Shanghai’s annual Summer Chinese...

BusinessChina

Malawi24Nov 4, 2026

Court cuts Finance Bank claim

A legal battle that has stretched for more than two decades has ended with a massive financial blow to the Reserve Bank of Malawi (RBM), exposing taxpayers to a substantial financial liability. The Supreme Court of Appeal has ordered the central bank to pay the dead Finance Bank of Malawi (FBM) K300 billion in compensation...

CorruptionCrime

Malawi24Nov 2, 2026

Mutharika borrows Chakwera’s sabotage script

President Peter Mutharika has borrowed a familiar excuse from his predecessor, Lazarus Chakwera, for Malawi’s current blackouts and fuel crises: sabotage. More than a year after returning to power on promises to fix the country’s problems, Mutharika is pointing to unnamed people allegedly frustrating electricity supply. His predecessor, Chakwera, blamed sabotage for fuel shortages and...

EconomyForex

Malawi24Nov 2, 2026

Malawi’s fuel crisis drives electric mobility push

Malawi’s fuel crisis is pushing electric vehicles into the spotlight as motorists and businesses struggle with persistent shortages and rising transportation costs. A new initiative aims to put 100 electric vehicles on the country’s roads, backed by 40 planned charging stations and a digital transport platform designed to connect drivers, passengers and fleet operators. The...

BICCBlantyre

Malawi24Nov 2, 2026

OMFIN wins microfinance award

Old Mutual Finance (OMFIN) Limited has earned recognition for its Golden Reserve product, which aims to help pensioners access money from their retirement income while protecting their financial future. The company received the award at the Malawi Microfinance Network (MAMN) 4th Annual Lake Conference Excellence Awards held at Mogfords Lake Resort in Mangochi on October...

Old Mutual MalawiBusiness

Malawi24Oct 31, 2026

Airtel Africa revenue surges 28%

Airtel Africa has recorded a 28.2 percent increase in reported revenue to US$3.823 billion in the six months to September 2026, driven by rising demand for mobile data and financial services across its markets. The telecommunications group said its customer base grew by 11.6 percent to 193.9 million, while mobile money customers increased by 22.4...

AirtelAirtel Africa

Malawi24Oct 31, 2026

MERA suspends bulk fuel permits

Malawi’s bulk fuel buyers have been dealt a fresh blow after the energy regulator suspended the processing, issuance and use of Essential Users’ Bulk Fuel Purchase Permits until further notice. The Malawi Energy Regulatory Authority (MERA) says the decision follows the abuse of the permits by some legitimate holders and unscrupulous individuals. In a public...

FuelMERA

Malawi24Oct 29, 2026

Malawi has Africa’s highest fuel prices

As Malawi continues to grapple with a fuel crisis marked by endless queues at filling stations for over a month, the country has emerged as having the highest fuel prices in Africa and the second highest globally. This is according to figures published by Global Petrol Prices for October 2026. The figures show that motorists...

AfricaFuel

Malawi24Oct 29, 2026

Grower registration sparks tobacco fears

Malawi could be heading for a difficult tobacco season next year, with thousands of growers yet to secure their place in an industry that remains a major source of the country’s foreign exchange. Only 70,000 of the estimated 170,000 active tobacco growers had registered under the Know Your Grower (KYG) initiative by October 27, leaving...

Telephorus Chigwenembetobacco

Malawi24Oct 29, 2026

RBM warns over fake rate notice

The Reserve Bank of Malawi has dismissed a notice claiming it had adjusted exchange rate

PricesReserve Bank of Malawi

Malawi24Oct 28, 2026

Inflation eases, but prices remain a burden

Malawi’s inflation rate has declined, but the slowdown in price increases is yet to translate into meaningful relief for households struggling with the cost of living. The Reserve Bank of Malawi (RBM) reported that headline inflation fell to 20.1 percent in the third quarter of 2026, down from 22.9 percent in the previous quarter, largely...

Cost of Livinginflation

Malawi24Oct 28, 2026

Govt awards K4.6 billion FISP deal to little-known firm

Malawi Government intends to award a K4.59 billion contract for the 2026/27 Farm Inputs Programme (FISP) to a company with a thin public record whose legal identity and ownership Malawi24 has yet to confirm. A Ministry of Agriculture, Irrigation and Water Development notice dated 17 October names Renaissance Agriculture and Food Systems as the successful...

corruptionFarm Input Subsidy Program (FISP)

Malawi24Oct 28, 2026

K30m tarpaulin scandal: ADMARC accused of ‘blackmailing’ Malawians

ADMARC has been accused of “blackmailing” Malawians over its controversial tarpaulin procurement. Analysts say the grain trader is using threats of maize losses to evade scrutiny and accountability over plans to pay nearly K30 million for a single tarpaulin. The controversial procurement is under investigation by the Anti-Corruption Bureau (ACB) over suspected corruption. Yesterday, Chief...

Admarccorruption

Malawi24Oct 27, 2026

Tutras fined over expired products

Shops have been cautioned against selling expired food products following the Competition and Fair Trading Commission’s (CFTC) decision to fine Tutras in Salima K25 million for selling expired products. CFTC Chief Executive Officer Desmond Kaunda in a press briefing said investigations launched in April 2026 found that the company was supplying products that could pose...

CFTCCompetition and Fair Trading Commission (CFTC)