Times Media Group ( formerly Blantyre Newspapers Limited) management has approved cutting the number of staff it employs— as part of a massive cost-cutting drive to save the media giant from corporate oblivion. The media giant which boasts of chain of companies including five titles namely; The Daily Times, Malawi News, Business Times, The Sunday Times, Weekend […]
President Joyce Banda pulled massive crowds in Phalombe one of the districts in the Lomwe belt considered to be opposition DPP stronghold, where many cheered the Malawi leader when she visited flood victims. Addressing a rally at Lihaka Primary School Ground in the area of Traditional Chief Chiwalo in the district, President Banda who was […]
Public Affairs Committee (PAC) says it plans to hold talks with President Joyce Banda and other financial captains on the status of the country’s economy which is currently on its sick bed and requires suitable revival plan. PAC says, in its advocacy programme, among the financial gurus, it intends to engage with the governor of […]
In Weekend Nation newspaper, popular columnist Ephraim Munthali of the ‘Cut the chaff‘continues to critique the economic performance of President Joyce Banda. Here if the full articled as it appeared: So, the International Monetary Fund (IMF) came to Malawi, peeped into our little bundle of forex at the Reserve Bank of Malawi, saw an uptick in our import cover […]
In 1995, in a speech at the United Nations World Women’s conference held in Beijing, China, renowned author and eminent speaker on African affairs, Wangari Maathai observes, “Africa has suffered from lack of enlightened leadership and a bad style of political and economic guidance. While African leaders could have excused themselves for being unable to […]
The Roman Catholic body called Centre for Social Concern (CFSC), which come up with monthly surveys of cost of living in Malawi has described the PP led government as “insensitive” for spending around US$4 million (MK1.6 billion) on a new fleet of 4 wheel drive Toyota Prado TX models for 35 cabinet ministers amidst painful […]
Malawians have now found relief in bwanoni(seasonal grasshoppers), a delicacy commonly found in cool months of the year. The poor – 39% of the 13 million citizens, living on less than one dollar a day – suffered much from the devaluation, which economic experts say it was a necessary evil to lure the International Monetary […]
The Executive Board of the International Monetary Fund (IMF) on Monday completed the second review of Malawi’s economic performance under a program supported by the Extended Credit Facility (ECF) arrangement. The board’s decision enables the immediate disbursement of an amount equivalent to about US$19.6 million bringing total disbursements under the arrangement to an amount of […]
Malawi Energy Regulatory Authority (MERA) officials are expected to announce new fuel prices soon after the one year celebration of President Joyce Banda’s inauguration is over, Nyasa Times has learnt. President Banda ascended to the high office on April 7 after the death of president Bingu wa Mutharika on April 5. At a meeting held […]
Jean-Phillppe insisted that we cross the Lweya River and go to the other side. From the glitter in his eyes and the smoothness of his gradual smile, I concluded that my friend had literally foreign in love with the Durban-Chipembeli shoreline. What surprised him, he said, was how the texture and colour of the sand […]
Newly appointed Minister of Economic Planning and Development, Ralph Jooma and Deputy Minister of Finance Dr Cornelius Mwalwanda were on Tuesday sworn in at a ceremony that took place at Kamuzu Palace in Lilongwe. Speaking after administering oath, President Joyce Banda advised the two to work with the rest of the cabinet as a team […]
Finance Minister Ken Lipenga has defended Malawi Government expenditure of K1.6 billion (about $4.1m) on a new fleet of four-wheel-drive Toyota Prado TX models for 35 ministers and their deputies amid painful economic reforms that are impacting on 65 percent of the 14 million people living below the poverty line. Lipenga, answering a question from […]
I hate to say it, but I told you so Two weeks ago, I made the following prediction and explained why that would be the case: Even maintaining the bank rate at 25 percent (by Reserve Bank of Malawi)—despite all fundamentals dictating an upward adjustment—will not stabilise the kwacha, let alone leave interest rates intact. […]
As efforts through the Economic Recovery Plan are underway to put the country on a sound footing, a Multidimensional Poverty Index (MPI) study by Oxford University says Malawi needs at least 74 years to eradicate its poverty at the current rate is going, which is at 50.7 percent. The study, carried out in 22 countries […]
Remarks made recently by 2014 presidential aspirant Atupele Muluzi on the United Democratic Front’s plans to explore the possibility of providing free secondary school education when elected stirred a hornet’s nest. The remarks were reported in The Daily Times of Wednesday 6th March. Whether one is supportive of the idea or opposed to it, this is a debate […]
Peoples Party (PP) Vice President responsible for Central Province Dr. Cassim Chilumpha has asked Malawians to embrace the leadership of President Joyce Banda for the country’s economy to fully recover. Chilumpha made the remarks when he addressed a political rally Sunday at Area 24 Township in Lilongwe. “When we were being tortured by the past […]
Malawi President Joyce Banda has elevated deputy minister of finance, Ralph Jooma to the portfolio of Economic Planning and Development Minister, taking the place of Goodall Gondwe who resigned Friday. As a new Economic Minister, the Mangochi-Monkeybay ParliamentarianJ has a task of finding ways of how best to make the much touted Recovery Economic Plan […]
Illovo Sugar Malawi Limited has announced a 15 percent price increase for sugar, one of the few most sought-after household necessity. The development is likely to make life of most Malawians even harder as they are already grappling with the soaring prices of basic needs. The sugar price increase comes barely a day after the […]