Malawi opposition leader Lazarous Chakwera is asking President Peter Mutharika for immediate action to get the nation growth again, accusing him of “pussyfooting around” while the economy was in the doldrums. The opposition leader is demanding genuine austerity measures, saying Mutharika’s government needs to stop pussyfooting around. Chakwera addressing a political rally in Nkhotakota during […]
Indeed getting into political power is one thing, but what to do with that power is yet another. Surprisingly, when some people get into power, they have no idea on how to proceed. There are signs that such people were not prepared to take the reins of power. This seems to be the case in […]
Economic analysts have warned that Malawians should brace for hard times in fending for basic goods and services because government’s failure to meet International Monetary Fund (IMF) targets and that most Malawians will not afford to purchase basic items by December 2015. IMF has suspended loans to Malawi for failing to cut its wage bill […]
The International Monetary Fund (IMF) has said that Malawi’s US$150 million extended credit is off-track following the Peter Mutharika government’s failure to meet agreed targets with the fund and that second tranche of funding of about US$20 million under the programme will not disbursed. This will compound Malawi’s fiscal difficulties and increase pressure on the […]
Beer lovers will be paying more when they head to the bar from October 1, 2015 after Carlsberg Malawi Limited revealed price increases. Carlsberg Malawi has increased prices of its alcoholic and non-alcoholic beverages between 12 percent and 18 percent. The increase on soft drinks is between 12% to 25 %. Imbibers will have to dig […]
Malawi President’s Peter Mutharika appetite in spending tax payer’s money in time of social economic and political doldrums, continue to surface as recent investigations which Nyasa Times has made has revealed that Malawians will have to cough out more than K300 million in hiring of Global Express Bombardier BD-700-1A10 modern Jet from Ocean Sky Private […]
Minister of Information, Tourism and Civic Education Jappie Mhango had rejected claims by opposition Malawi Congress Party (MCP) that the country is sleepwalking into a failed state under the leadership of President Peter Mutharika. Mhango, who is the official government spokesperson, said Mutharika is in control of the situation in the country and soon there […]
The Public Affairs Committe (Pac) members have agreed to take government to task over the economic and political challenges the country is currently experiencing, Nyasa Times has learnt. Members of the influential quasi-religious organisation met on Wednesday in Blantyre and made a resolution to issue out a communique on the prevailing economic woes that Malawians are going through. PAC’s […]
As far as I am concerned, the abolition of JCE and the general review of fees for public educational institutions is the only bold and strategic decision that the Peter Mutharika and the DPP government have ever made since May 2014. And I say, Congratulations!! The benefits of abolishing JCE by far outweigh the cost […]
Malawi year-on-year headline inflation rate continue to rise as the National Statistical Office (NSO) has said it has now reached 23 per cent in the month of August from 22.2 per cent in the previous month (July) representing a 0.8 per cent increase as measured by Consumer Price Index (CPI). Inflation is the rate of […]
Malawi Congress Party (MCP) Member of Parliament for Lilongwe Mapuyu; Joseph Rabson Njobvuyalema has accused President Peter Mutharika and his ruling Democratic Progressive Party (DPP) of being clueless on turning around the economy , shaping up to be the big test of the Mutharika’s rule. Njobvuyalema said MCP raised the red flag in parliament on the […]
Archbishop Mark Kambalazaza of Charismatic Renewal Ministries has challenged government to “come out in the open” and explain strategies it has in place for economic recovery in the country. Malawi economic impact looks uncertain; with Finance Minister Goodall Gondwe admitting the country is now facing “huge challenges”. Kambalazaza noted that Malawians are grappled with increased inflation, […]
Malawi President Peter Mutharika has said his government has stepped up efforts aimed at transforming the country into a more skilled and export oriented economy within five years. Mutharika made the sentiments during a Televised Session cast live on CNBC-Africa which was part of the World Economic Forum summit dubbed ‘Annual Meeting of the new […]
Six African countries, including Malawi and Mozambique, have been ranked among the 10 worst places to grow old, on the third annual Global AgeWatch Index from charity Age International. The Global AgeWatch Index measures the quality of life of older people across the four categories of income security, including pensions and the poverty rate; health […]
Malawi currency, the Kwacha continues its constant fall against the U.S. dollar and other major currencies now trading at MK568, MK868 and MK42 to US Dollar, UK Pound Sterling and South African Rand respectively as quoted by National Bank of Malawi (NBM). The depreciation of the Kwacha is hurting importers, students studying with international examination […]
Two weeks ago, I arrived in Blantyre on the same flight with a couple of governments ministers and officials who were coming back from the SADC Summit in Botswana.There they were; calling themselves “honourable” and feeling quite self-important sitting in business class while stealing poor people’s money. Malawian politicians steal from poor people every single […]
Malawi currency, the Kwacha has continued on its weaker path onslide against major foreign currencies, and is now being sold in cash at K595 to a dollar according to foreign exchange bureau rates report from Reserve Bank of Malawi (RBM) while on the parallel market or black market it is hitting around K700. Central bank […]
He that is good for making excuses is seldom good for anything else.” – Benjamin Franklin, one of the Founding Fathers of the United States. Prologue: Ever since Prof Arthur Peter Mutharika took over power, the only calamities his administration cannot be held accountable for are the floods and drought. Floods and drought, as everyone knows, […]