Major investor drops Malawi Telecommunications Ltd

Mobile operator cites foreign currency shortage, volatile exchange rate and sustained cost pressure on margins.

Company confident it will deliver positive results, says its customer base has increased by 26% to 4.5 million over the last six months of this year.

Companies argue that the use of mobile devices in prisons is a likely source.

Part of the company’s ongoing effort to digitally transform and strengthen operations amid ongoing challenges.

Reserve Bank releases report confirming decrease in volume generated by all electronic payment streams.

Government puts pressure on holding company to quickly address the issue.

Revenue for 2020 declined by 6% in 2020, according to information supplied by the company.

Consumer, tech organisations lobby government to intervene as regulator remains tight-lipped on the matter.

Telekom Networks Malawi has announced current chief finance officer Arnold M’bwana as acting CEO.

Device designed to suit the communication needs of first-time users and people in rural areas.

Airtel Malawi and TNM confirm latest changes to tariffs amid ongoing data must fall social media campaign.