Malawi’s economic expert Professor Ben Kalua of the University of Malawi has described the country’s economy as hopeless and helpless, saying the tobacco high rejection rate and low prices and low prices for tea and sugar are not helping matters. Kalua was reacting to reports by President Peter Mutharika and Finance Minister Goodall Gondwe that […]
Life is becoming tougher by the day for ordinary Malawians in the face of escalating prices of essential goods and services and economics have urged the Peter Mutharika administration to deal with the rising cost of living. According to figures from National Statistical Office (NSO), the Malawi’s inflation —the rate at which prices of goods […]
Malawians should brace for more frequent electricity blackouts following a statement issued by Electricity Supply Corporation of Malawi (ESCOM) which states that generation capacity at its Nkula and Tedzani Hydro power stations has gone down by 50 percent. Escom stipulates that this is due to low water levels in Lake Malawi and low flows in […]
University of Malawi economic professor based at Chancellor College in eastern city of Zomba, Ben Kalua has called for the de-politicization of production of Cannabis – locally known as Chamba- saying said industrial Hemp has the potential to steer the country’s economy towards recovery. He was speaking during a seminar organized by Kemet Forum at […]
Professor of Economics at Chancellor College, constituent college of the University of Malawi (Unima), Ben Kaluwa has backed Minister of Finance Goodall Gondwe’s budget plan for 2014/15 fiscal year, saying 16 percent increase from last budget is in line with the country’s economy.National pre-budget consultation meetings began last Thursday and Finance Minister has presented the […]
Malawi can only come out of its current bleak economic situation if small scale agricultural commercialization is given priority and do away with the fertilizer subsidy programme which has done little to arrest rising household poverty, a renowned economist has observed. Professor Ben Kaluwa was speaking in Lilongwe during the official presentation of anchor farms […]
The Malawi Kwacha has appreciated against the US dollar from K420 to trade at K380 from Monday this week in what economic analyst say is due to the inflows from the tobacco trade – Malawi’s main foreign exchange earner accounting for more than half of all foreign exchange earnings. Exchange rates monitored by Nyasa Times from […]
Economics professor at Chancellor College a constituent college of the University of Malawi, Ben Kalua, has spoken against industrial strikes that are being held to push for salary increment as a measure to cushion the effects of devaluation. According to Kalua such demands will only aggravate the country’s economic situation. “That’s nonsense to me. Let […]
While President Mrs. Joyce Banda said the ongoing strikes will not increase workers’ perks, economic experts have warned that if an eminent solution is not found, the economy could be worse than during late Bingu wa Mutharika’s time. Economics Association of Malawi (Ecama) president Edward Chilima and an economics professor at the University of Malawi’s […]