Consumer rights advocate John Kapito has warned that there will be “chaos” and “civil disobedience” over economic hardships, saying the fuel price hike is just the beginning of a series of increases. Kapito, who is executive director of Consumer Association of Malawi (CAMA), said the increased fuel price announced on Saturday would push up costs across […]
National Salvation Front (Nasaf) president James Nyondo has blamed the People’s Party-led government for failing to manage the country’s economy, claiming many of its officials are living like New York senators in the US when the country cannot afford their obscene opulence. Nyondo said Malawi has become famous as a nation that frustrates ite own […]
President Joyce Banda has assured Malawians that 2013 is the year of “breakthroughs and favour”, saying the economic revival will be achieved with wealth creation and poverty eradication as the key drivers for recovery. In her address when opening the 44th Session of Parliament, she described 2013 as the year that demands all citizens to […]
A newspaper columnist has gone flat out to criticise South Korea’s Jeonju University for awarding Malawi President Joyce Banda a Doctorate Degree of Economics, Honoris in recognition of her efforts to improve Malawi’s ailing economy since taking office last year April. Writing in his ‘My Dairy’ popular column in Weekend Nation newspaper, journalist George Kasakula […]
Former governing Democratic Progressive Party (DPP) has rubbished the State of the Nation Address delivered by Malawi President Joyce Banda on Friday as lacking substance. In her address when opening the 44th Session of Parliament, she described 2013 as the year that demands all citizens to work hard to give birth to a “new Malawi.” Government […]
The Malawi Energy Regulatory Authority (MERA) has released a statement announcing new fuel prices effective Saturday, 9th February, 2013. The new fuel prices are as follows: Petrol will be selling at K704.30 per litre from K606.30; diesel is now at K683.60 from K597.40 while paraffin for industrial use will be selling at K591.40 from K509.90. The […]
Malawi President Dr Joyce Banda has said her administration is reviewing Mines and Minerals Act, Petroleum Policy and Petroleum Act to ensure the local population benefit from the mineral resources the country has. President Banda said this on Friday in Parliament when she delivered a State of the Nation address at the opening the 44th session […]
National Organisation of Nurses and Midwives (Nonm) says a two-day planned strike starting from Monday next will go ahead as government has not come up with substantial offer. The nation’s top nursing body is joining the industrial action being organised by the Civil Servants Trade Union (CSTU) in protest against what has been described as […]
Minister of Finance Ken Lipenga has cleared what he calls “misunderstanding” on an exchange rate system, saying it is currently determined by market forces of supply and demand. Recently, a former minister of Finance as well as Economic Planning and Development and ex-Reserve Bank of Malawi (RBM) governor, Professor Matthews Chikaonda during a public debate […]
Consumers Association of Malawi (Cama) Executive Director, John Kapito turned down a K6 million offer government dangled to buy him out in quest to call off the peaceful January 17 consumer demonstrations, Nyasa Times has established. Prior to the demonstrations which were hailed as peaceful, Nyasa Times revealed government and ruling People’s Party officials went […]
Atupele Muluzi, presidential candidate of the opposition United Democratic Front (UDF) in next year’s elections, on Sunday embarked on a whistle-stop tour in commercial city of Blantyre and talked tough, saying Malawi is “broken” and needed to be fixed with “new generation” of leaders. Atupele stopped at Che Mussa, Nkolokoti and Bangwe townships where he […]
The University of Jeonju on Friday awarded Malawi’s Head of State, Joyce Banda with a Doctorate Degree of Economics, Honoris Causa, in recognition of her efforts to improve the Malawi economy and her impeccable service to humanity. The ceremony was held at the university’s campus in Wansan-gu, a non-autonomous district in the City of Jeonju […]
Leaders of the Civil Servants Trade Union (CSTU) have strongly snubbed calls from Malawi government authorities persuading them to withdraw their plans of holding a sit in strike mid February. The CSTU President, Elia Kamphinda Banda said the strike is largely aimed to push the government to increase the workers’ salaries and improve working condition. […]
The World Bank board of executive directors has approved to release its new Country Assistance Strategy (CAS) to support Malawi’s effort to diversify the economy with US$ 695 million (about K245 billion) package. In a statement made available to Nyasa Times on Wednesday, the World Bank said the assiatnce will cover the period of 2013 […]
Malawi economy will take at least five years to fully recover, Minister of Economic Planning and Development, Goodall Gondwe said on Wednesday at a news conference in the capital Lilongwe. Gondwe denied assertions that government had said it would implement the Economic Recovery Plan (ERP) in 18 months time, saying is Malawi facing at least […]
Press Corporation Limited (PCL) chief executive officer and former finance minister Professor Mathews Chikaonda added weight to accusations by Business Consult Africa (BCA) Managing Director Henry Kachaje that the Joyce Banda administration is running the government childishly. Kachaje said in the capital Lilongwe during a debate that discussed the progress of the Economic Recovery Plan […]
Malawi’s kwacha, the worst- performing currency this year, dropped to its lowest in almost a decade as the Southern African country’s reserves continue to dwindle. The kwacha retreated 3.6 percent to 360 a dollar at 5:20 p.m. in Lilongwe, the capital, according to data compiled by Bloomberg. It has fallen 7 percent this year and […]
China has called on the Malawi government to seriously invest in modern technologies which is key for economic recovery and transformation of countries globally. The call was made by China’s deputy minister of state administration for radio, film and television, Li Wei on Friday in Beijing during an audience with Malawi’s minister of information and […]