The Malawi Agriculture and Industrial Investment Corporation (MAIIC) plc saw its net profit for the year ended December 31, 2020 at MK280 million after registering a loss of MK431 million in 2019. This is according to a financial statement the firm published yesterday. Notably, most of the players in the financial services sector registered profitability...

The Malawi Agricultural and Industrial Investment Corporation (Maiic) has over just a year of operation mobilised K11.5 billion for local projects, whose  total cost or capital expenditure is about K19 billion. To achieve this in just a year after kick-starting its operations in October last year, Maiic has used part of its own resources (about...

The World Bank has given the Malawi Agricultural and Industrial Investment Corporation (MAIIC) a sum of $16 million [about K12 billion] loan from tto boost businesses among small and medium enterprises (SMEs). According to the Maiic Managing Director Taz Chaponda, the sum aims for SMEs in agriculture, Information and Communication Technology (ICT) and manufacturing sectors....

In the year just gone, the financial sector registered historical breakthrough in the birth of the Malawi Agricultural and Industrial Investment Corporation (Maiic), the first-ever public, private  partnership (PPP) development finance institution. When Maiic was being launched in Lilongwe, President Peter Mutharika, touted the institution as a platform for facilitating investments in a wider spectrum...