Email a copy of 'Reduce interest rates to boost Malawi economy' to a friend
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Email a copy of 'Reduce interest rates to boost Malawi economy' to a friend
Leader of the Opposition and Malawi Congress Party (MCP) president Dr Lazarous Chakwera has accused President Peter Mutharika and his...
What about the interest rates UK micro finance charities charge? They get given the money by public or DFID but charge 80%+ interest rate to women and we accept this? Who really benefits from those loans then?
Bambo bwampini
Govt finance is based on tax and borrowing which equals total expenditure. If the borrowing rate is high especially considering that we borrow from political buddies who give us loans on deliberately high rates how can the banks have low rates? It all comes down to proper policies and good governance.
No wonder it is only the banking sector that is growing while the rest are dwindling. Banking is stealing people’s money. A proffessor konzani China chadziko.
Killing the people.
If it was another government these calls could be heard but with DPP led government being headed by Peter Muntharika and Goodall Gondwe as finance minister forget it these fools are rigged,deaf and arrogant they listen to no one but Muli and Ben Phiri just recall how they ignored the public outcry on the msb sale. They are the most arrogant public officials I have ever seen.
Angatsitse bwanji pamene ali ndi mashares mu MSB. Palibe politician amene ali determined to solve problems of local Malawian people. Utsogoleri pano ndi mpamba.
Angatsitse bwanji pane ali ndi mashares mu MSB. Palibe politician amene ali determined to solve problems of local Malawian people. Utsogoleri pano ndi mpamba.
Wondering why we are not developing? one factor pointed out. People have been squeezed out of business due to high cost of servicing loans and loh, houses have been snatched, and cars resold by banks or in business terms, properties have been grabbed by banks. Unfortunately our government economists are using an old version, they need to get updated. Otherwise tizingogulitsa Mabank because our late brothers borrowed and have failed to repay the money and because they have powers to transfer their burden to common man, then surely we take it.
We need more production, the problem is most lenders in Malawi lacks the ability to pay back on time. This in the books shows that the banks are on a high profit margin with a limited cash-flow. I believe Malawi has a high potential for business, we have for sure made other nations rich
More concentration on small businesses will help us. Before reducing the rates, we need more education to the public sector on repaying the loans on time, however low rates and more access will help our striving economy