Mixed views have emerged on President Joyce Banda’s stand that there has been significant progress on the country’s economy for the past 12 months since she assumed power. In her state of the nation address in parliament last Friday, President Banda said economic reforms have resulted in notable positive progress in the economy and appeal […]
President Joyce Banda was called to duty on Friday to deliver the State of the Nation address in Parliament where, traditionally, she is supposed to update her countrymen – yes, her countrywomen too – what the state of the nation currently is. Indeed, how are we fairing as a people? Is our situation bad, good, […]
President Dr Joyce Banda, announced on Friday in Parliament that Malawi’s economic growth would increase by 6.1% in 2014 with inflation projected to decrease by 14% by the end of the year. Further strong indicators of economic revival are that during the last few weeks the Malawian currency, the Kwacha, has made a recovery against […]
Malawi government will establish the first ever Tea Auction Floor in the country later this year to maximize foreign exchange earnings. The establishment of the tea auction floor, according to President Joyce Banda, will allow tea to be sold in the country. Speaking during the official opening of the 2013/2014 budget meeting of Parliament in […]
The Centre for Social Concern (CfSC) says its April basic needs basket (BNB) survey for a family of six has revealed some cost of living stabilisation in Malawi’s cities. The BNB survey contains prices reviews of basic food and non food items such as rent, school fees utility bills, soap, maize cooking and charcoal among […]
We, The Timau Crew, are a properly groomed people. To put it in the vernaculars: “Ndife wana woleledwa bwino” (Chichewa) or Tilikulangika makola (Tumbuka). Being a people well brought up, we want begin by thanking our host, lest by the end of this grueling tale, we fail to find the words with which to say: “Yewo Chomene, […]
Despite a drop in yield rates for treasury bills (TB) from 40 percent to around 33 percent investors are still flocking to the money market as witnessed on TB auction of May 07, 2013 which was oversubscribed by 6 times. The auction resulted in government raising K0.6 billion against a market supply of K3.8 billion translating […]
Malawi’s Economic Planning and Development Minister Ralph Jooma has allayed fears that the Kwacha which is reportedly appreciating against the United States dollar will again start depreciating soon after the tobacco selling season, saying the government has already put measures to protect the currency from losing value after the tobacco marketing season. He was responding […]
The last few weeks have seen the Malawi kwacha gain some value against the dollar and other major currencies. It is interesting news. Similarly, inflation is reported to have gone down, even though, it still remains very high by any standard. Drug shortages, apparently are said to have declined. Now the question is: Is the […]
Malawi Government needs to critically check its uncontrolled expenditures if the appreciation of the kwacha against its major currencies, mainly the United States Dollar, is to be sustained so that it does not fall again quickly. Over the last few days, the Malawi Kwacha has appreciated against the US dollar trading at around K380 on […]
Even in good financial times, development aid budgets are hardly overflowing. Government leaders and donors must make hard decisions about where to focus their limited resources. How do you decide which countries should get low-cost loans or cheaper vaccines, and which can afford to fund their own development programs? The answer depends, in part, on […]
In Weekend Nation newspaper, popular columnist Ephraim Munthali of the ‘Cut the chaff‘continues to critique President Joyce Banda on economic issues. Here if the full articled as it appeared: I was not surprised to read on Thursday that the Monetary Policy Committee (MPC) of the Reserve Bank of Malawi (RBM) has for the third time since December 2012 maintained the […]
Malawi’s battered economy is on track and that economic growth is on its way, President Joyce Banda has said. Banda said the country is now able to see signs of economic recovery with the the recent appreciation of the Kwacha against major currencies, saying it is a sign that economic policies which her government instituted […]
Ministry of Industry and Trade authorities in Malawi are threatening to “bring to book” all traders and service providers who are not reducing prices of their goods and services in response to what they say, improvements of economic situation, which country is currently experiencing. In a statement made available to Nyasa Times on Friday, Secretary for […]
At least seven companies that held discussions with the Malawi delegation at the World Economic Forum on Africa which ends Friday in Cape Town, South Africa, have declared their interest to engage into further discussions with Malawi for investment in the country. The companies are Cargill – Cotton; Bunge – Sugar and Legumes; Uniliver – […]
Students from Polytechnic, a constituent college of the University of Malawi, have obtained a High Court injunction to keep the college and Chancellor College open after authorities announce they had been shut down following students’ continuing class-boycott, to force the authorities to increase their monthly upkeep allowances and also reduce tuition fees. The students are […]
Necessity it has been said is the mother of invention. It is when a person has been through or is entangled in a difficult situation that he or she thinks of repositioning himself or herself, of living differently or learning a new skill to try and cope with the new situation. Where life goes on […]
Students Union of Chancellor College (Succ) president Israel Masiyano, and three other student activists were arrested in Zomba on Thursday morning for leading students to present a petition to the office of the district commissioner in demand for government to increase their living allowances in line with cost of living. The students are also demanding that the tuition […]