Email a copy of 'Malawi govt claims greater forex, import cover: Economic growth' to a friend

* Required Field






Separate multiple entries with a comma. Maximum 5 entries.



Separate multiple entries with a comma. Maximum 5 entries.


E-Mail Image Verification

Loading ... Loading ...

Sharing is caring!

97 Comments
newest
oldest most voted
Inline Feedbacks
View all comments
dyton chiwaya
dyton chiwaya
9 years ago

Bravo ! But this appreciation should translate into financial realities of people in the village. By the way where is the mining hype after the first airborne survey. Let’s go for it to further improve the economy

Nkhwatakwata
Nkhwatakwata
9 years ago

86, when Goodall was finance minister under Bingu administration the economy performed very well, but surprising Bingu fired him. In the wake of what happed one can speculate that Bingu wanted (1) to embezzle public money, any wonder about K92 billion? (2) Bingu felt Goodall overshadowed his younger brother Peter whom he wanted to taker to run away from “prosecution” which he inflicted on Muluzi when he left office. Muluzi was right to say that Malawians have short memory, or is it lack of understanding issues? Elias Ngalande, the former Governor of the Reserve Bank, said that the economy of… Read more »

Alungwana
Alungwana
9 years ago

Yet prices are still high and there isnt any impact on a common Malawian. That is nothing to appreciate! Malawians are not stupid. Mutsitse fuel or else we will take you to court.

Kanyimbi
Kanyimbi
9 years ago

Nkhani yobweleka ndalama sichinthu chachilendo pa nkhani ya za chuma. Komanso maiko ngati USA akumabweleka ku maiko ngati China. Kungoti a Malawi muli ndi bvuto.

Nyapapi
Nyapapi
9 years ago
Reply to  Kanyimbi

Apparently the loan is not from Mota Engil but the PTA Bank. Borrowing for the sake of propping up the MWK is stupidity of the highest order, because this is just kicking the can down the road. We will still have to pay for this loan, at a high interest, later on. Kodi inu mungayendetse banja lanu ndi ndalama za katapila? Kenako sindiye kuti akulandani chili chonse ndi mkazi wanu yemwe? The solution should have been to let the MWK be determined by market forces, like JB did. This way senseless imports would be curbed. Goodall Gondwe likes to have… Read more »

Sabiti
Sabiti
9 years ago

This is the lean period inMw how come our kwacha is gaining value please economists give us an elaborate explaination not wat wi a hearing frm these failled ministers

chigawenga
chigawenga
9 years ago

Malawians please do not be hood-winked by this. Has anybody asked how the government got the import cover? I have said this before and I will say it again. Government is borrowing heavily outside the normal borrowing channels like IMF and the World bank. They are borrowing from what we call money lenders/payday loans providers at huge interest rates. What the government is doing is in fact mortgaging the future of our children. What would be interesting to know would be how much has the government borrowed from the lender Mota Engil? What are terms of the loan? I do… Read more »

osborné
osborné
9 years ago

These politicians are pathetic liers. So they think we don’t know economics? Borrowing money to improve import cover is economic growth? This is a short term solution and Malawians you can bless yourselves for another huge devaluation in future. This exactly what Goodall did during Bingu error and the we are suffering the constituencies now. Our trade is not balancing because of too much imports
For us to excel Malawians must reduce their appetite for imported goods otherwise this cosmetic economy will continue

mona
9 years ago

Tell the source of forex mwabweleka ku mota engil yo

mona
9 years ago

Tell the source of forex mwabweleka ku motayo

sd
sd
9 years ago

Even atabweleka dollar its ok koz all corporations in the world hav 1 loan or another,wat is needed is to utilize that money as capital to realize profit.Its an achievement on its own for investors or banks to trust u&borrow u money . Let’s aplaud them

Read previous post:
Blantyre Water Board blames low water pressure on heavy rainfall

Blantyre Water Board (BWB) says it is currently facing challenges to pump water to Blantyre and surrounding areas largely because of...

Close