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Wednesday, January 2, 2019

High cost of finance tops 2018 business obstacles | The Times Group

High cost of finance tops 2018 business obstacles | The Times Group: A latest Malawi Business Climate Survey (MBCS) by the Malawi Confederation of Chambers of Commerce and Industry (MCCCI) has revealed that the cost of finance was the biggest challenge of doing business in Malawi in 2018. The revelation comes barely a few weeks after Parliament pended the Interest Rate Capping Bill aimed at limiting the amount of interest borrowers could pay on loans. The survey, released at the weekend, shows that the cost of finance recorded a score of 8.8 points out of 10.

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