Mchinji North East Member of Parliament, Alex Chitete added his voice to growing calls for Finance Minister Goodall Gondwe to resign, arguing he has failed the country in recent times. Chitete made the remarks on Tuesday in his contribution to the mid-year budget budget review presented in the house by Gondwe last Friday. He said it’s […]
Malawi’s kwacha is expected to stabilise in the next few days after it broke through a series of record lows against the dollar, Minister of Finance, Economic Planning and Development Goodall Gondwe has said. The minister said this on Friday in Lilongwe during the presentation of the Mid Year Budget Review Statement in Parliament. “It […]
The Managing Director of Times Group took to Facebook to defend his company’s decision to retrench nearly 70 employees saying that during “the past five years since 2010, Times Group has recorded the best financial returns for shareholders and this sound financial performance was the basis for major investments in TV and radio broadcasting” Times […]
Opposition political parties in Parliament remains sceptical of the measures which government plans to put in place to effect the revised budget. In his mid-year budget statement presented to Parliament on Friday, Minister of Finance, Economic Planning and Development Goodall Gondwe announced a downward revision of the budget by K23.7 billion cut. The 2015/16 approved […]
Nobody should underestimate the economic crisis facing Malawi; Finance Minister Goodall Gondwe has admitted in parliament that the country is still passing through “turbulent times.” Gondwe said when he tabled his mid-term budget review statement, announcing a reduction of a financial plan by K23.7 billion from an approved figure of K929.7 billion to K906.0 billion “Our […]
Malawi media giant, Times Group, has announced retrenchment of over 60 employess due to economic hardships the country is facing impacting on the private sector. The high-flying media house with interests in three national newspapers, national television station, national radio station, commercial print house, publishing house, courier service and an advertising agency, confirmed on Friday […]
The Consumers Association of Malawi (Cama) has rolled off a campaign dubbed ‘Poor Lives Matter’ which is aimed at encouraging Malawians to start demanding their social and economic rights. The campaign is mainly aimed at ensuring that consumers have a voice against increased social and economic injustices. Cama Executive Director John Kapito told journalists that […]
No doubt Malawians are facing extreme economic hardship which make the two-year-old DPP government look incompetent .There has been a rumour about a “coup plot” to over throw the government and replace it with the opposition. Since it has been a rumour, I will leave it at that hoping there is no truth to it […]
Business was stand still in Mzuzu on Monday morning when the group of youth launched peaceful protests against President Peter Mutharika’s government, defying heavy police presence in the city centre. The youth staged the demonstration demanding the DPP led government to come up with drastic measures to solve the food shortage and economic crisis that […]
Finance minister Goodall Gondwe has challenged Malawians to grow legumes instead of tobacco in a bid to turn around the ailing economy. Gondwe said this in an interview Thursday after he presented a paper on the state of the economy at the just ended all inclusive Public Affairs Committee indaba. “We now need to introduce […]
Malawi Confederation of Chambers of Commerce and Industry’s (MCCCI) chief executive officer Chancellor Kaferapanjira has highlighted that Malawi is plunging into an economic meltdown and that the private sector is in distress with the weakening of Kwacha currency, rising inflation and interest rate. Kaferapanjira was speaking at major conference organised by quasi-religious grouping the Public Affairs […]
Finance Minister Goodall Gondwe has vowed to stay on as Malawi’s purse keeper, despite sustained calls for his resignation. Gondwe has faced a wave of resignations over poor economy. The calls grew louder on Wednesday at major conference organised by quasi-religious grouping the Public Affairs Committee (PAC) is in Blantyre where a cross-section of Malawians […]
A major conference organised by quasi-religious grouping the Public Affairs Committee (PAC) is underway in Blantyre where a cross-section of Malawians is discussing the future of the country with is facing economic crisis. Opening the conference, Blantyre CCAP Synod’s the Reverend Felix Chingota, who is moderator of St Columba CCAP congregation; – the conference chairman – […]
This is a response I have just posted on Henry Kachaje‘s page where he wants to know what can be done to fix Malawi’s ailing economy. This was my 2 Tambala contribution to the debate, which has received tonnes of quite insightful proposals. The summary of my response is that what needs to be done cannot […]
An excerpt from ‘My way of writing’ a soon to be launched book written by ‘cashgate’ prisoner Osward Lutepo. “On the economic challenges and proposed turn around strategies for Malawi” Following the withdrawal of aid by Malawi’s major donors due to the cash gate revelations and poor harvests that have been rocking this country in […]
Dziko FM radio owner and businessman Chikumbutso Mtumodzi has asked for Finance Minister Goodall Gondwe’s resignation citing current government’s failure to address financial and hunger crisis that the country is facing. Addressing the media on Monday at Bridge View hotel where he held a news briefing with Z Allan Ntata on Reform to Transform, Mtumodzi […]
Economic woes dominated daily newspaper headlines in Malawi on Wednesday. “Inflation leaves Malawians hopeless” and “Mapeto retrenches 300 employees” were the respective headlines on the front page of the flagship The Daily Times newspaper. The paper reports about 300 job cuts at the biggest textile making manufacturer in the country, Mapeto DWS, formerly known as […]
Tough times call for Malawians as government has resolved to stop borrowing this year, a development that will affect delivery of public services in the country. Minister of Finance, Economic Planning and Development Goodall Gondwe told Times Television’s ‘Point Blank’ program on Tuesday that this is one of the practical measures that government will implement this […]