Malawi govt to devalue the Kwacha -Puts blame on the opposition

By Nyasa Times

Published: September 9, 2009

Malawi govt to devalue the Kwacha -Puts blame on the opposition  | read this item

The Malawi Government has finally bowed down to calls to devalue the kwacha amid growing scarcity of forex in the country. A cabinet minister confided in a Nyasa Times journalist, that after thorough consultations, it has become clear that the Kwacha will have to be devalued as the only alternative to the current scourge. However, [...]

Kandondo unveils K257 billion Malawi budget

By Nyasa Times

Published: July 3, 2009

Kandondo unveils K257 billion Malawi budget   | read this item

Finance Minister Ken Kandodo on Friday made his maiden budget speech when he presented a K257 billion Budget for 2009/10 fiscal year pointing out that the economy will grow 7.9 percent while inflation will stand at an average 9.7 percent. Presenting the Budget in the national budge, Kandodo  told lawmakers:“Despite the global economic downturn, we [...]

Kandodo says no change in Malawi economic policy

By Nyasa Times

Published: June 20, 2009

Kandodo says no change in Malawi economic policy  | read this item

Malawi will not change economic policies that have helped usher in years of strong growth, newly-appointed finance minister Ken Kandodo has said. Kandodo said in one of his first interviews since taking office that the policies in place had been proven to work, even in the face of the global economic crisis. “This is the [...]

Malawi 2009 growth seen above 7 percent

By Nyasa Times

Published: June 10, 2009

Victor Mbewe  | read this item

Malawi expects its economy to grow by more than 7 percent in 2009 compared to last year’s estimated 9.7 percent, boosted by a bumper maize crop and strong performance in other key sectors, Reserve Bank Governor Victor Mbewe has said. Mbewe told Reuters in an interview that the economic outlook for the southern African nation [...]