National Bank of Malawi (NBM) plc has reached a groundbreaking milestone, becoming the first company to achieve a K2 trillion market capitalization on the...

National Bank of Malawi (NBM) plc has reached a groundbreaking milestone, becoming the first company to achieve a K2 trillion market capitalization on the Malawi Stock Exchange (MSE). The ‘Bank of the Nation’ was also the first financial institution to hit the K1 trillion market capitalization mark last year. The Bank’s share price scaled from K3,981.50 per share on Tuesday to K4,584.50 by the close of market trading on Thursday this week. This impressive performance has raised its market capitalization to K2.1 trillion, solidifying its leadership in the market. This flow represents a wealth increase of K603 per share for investors within one day, reflecting the growing confidence in the NBM plc’s capabilities and future outlook. Commenting on the development,...

The Public Affairs Committee (PAC) has hailed President Lazarous for "excellent work" on several issues of national importance, including infrastructure development, handling climate related disasters, tolerance and international relations. However, PAC has also urged the President to take more decisive action on several challenges the country is facing to " turn around this perception'" on the ground. PAC Chair Patrick Thawale said this in a statement released after PAC had an interface meeting with Chakwera at Kamuzu Palace on Monday. " Your Excellency, as we drive in the city one realizes how Lilongwe has been transformed. The quality of the road construction we witness today is amazing. For some time we have been waiting for such type of...