Malawi President Mrs Joyce Banda swore in new cabinet ministers on Monday at Kamuzu Palace in Lilongwe, four days after a mini-Cabinet reshuffle. Banda’s reshuffle saw former vice-president Cassim Chilumpha sacked as energy minister in and Daniel Liwimbi was also dropped as Tourism Minister. Among the new ministers taking the oath of office were former […]
President Joyce Banda has reiterated her government has designed a number of measures to cushion poor people from the effects of the economic challenges that the country is experiencing. “One of such measures is the Public Works Programme within the wider Social Support Package of the Economic Recovery Plan. The Public Works Programme, as most […]
Opposition Malawi Forum for Democracy (MAFUNDE) has lashed out at President Mrs Joyce Banda’s cabinet describing it as too big and “a threat to Malawi’s economy”. The party which has one lawmaker, its president George Mnesa, said it is shocking that Banda had assembled a bloated cabinet of 23 ministers asnd 12 deputies “Whilst it is the […]
Malawi’s foreign exchange reserves continue to dwindle, a situation continue market analysts have described as worrying, according to the latest market weekly review produced by Alliance Capital Limited. The Malawi Kwacha also depreciated from MK328.60 to MWK 329.10 against the US Dollar representing a 0.2 percent loss. “The erratic rain pattern being experienced in the country may negatively affect […]
The Joyce Banda administration has warned activists against any plans for anti-government protests on economic policies that are biting consumers hard, saying calls for demonstrations are “irresponsible and unpatriotic.” Consumers’ Association of Malawi (Cama) say they will mobilise people to stage a mass consumer protest and Council for Non-Governmental Organisations in Malawi (Congoma) has backed […]
Malawi President Joyce Banda has appealed to all potential investors, both local and foreign, to invest in the tourism sector, which she says has the potential to transform the economy of this country, create jobs and improve the livelihoods of many people. She was speaking on Tuesday, December 4, 2012, when she presided over the […]
The minutes from the meeting of the Monetary Policy Committee (MPC) of the Reserve Bank of Malawi (RBM) held on the 3rd of December 2012 makes a very grim reading and offers little or no hope at all to millions of Malawians who are currently mired in economic hardships. At a time when everyone else is cutting […]
The call for anit-government demonstrations by consumer advocater and rights activist John Kapito, constitutionally rightful as it is, is not reasonable. Kapito will need to revisit the freedoms he is trying to exercise and do himself the favour of knowing that they just do not have to be exercised for their own sake. There must […]
After its re-branding in all cities and towns of the country, Peoples Trading Centre and its food stores attracted queus of consumers on Thursday in Lilongwe and Blantyre bringing the supermarket’s lower prices to the people. The drastic discount will end on 9 December. Many people flocked to the stores and lined up for lower […]
The Public Affairs Committee (Pac), multi-faith pressure group, has supported the move by Consumers Association of Malawi (Cama) to hold national-wide demonstration in protest against President Joyce Banda’s administration failure to address current economic challenges. Cama joined by Council for Non Governmental Organizations in Malawi (Congoma) are planning to hold demonstrations next year if the […]
Fuel shortages in Malawi could weigh on government’s economic recovery plans by reducing production at farms and firms that rely on diesel fuel for power, an economist observed. Malawi’s electricity supply is unstable and many firms use diesel generators for power, but the country continue to experience critical shortages of fuel as queues at petrol stations continue. […]
One of the Malawi’s motivational speakers Henry Kachaje is blaming the economic tough times Malawi is going through on the lack of what he calls visionary leaders who could have taken the country through a painful but transformational journey that would have made Malawi economically self-reliant. Kachaje who is the Executive Director for Business Consult […]
Malawi President Joyce Banda has wound up her trip to Uganda with a call on African women to aggressively pursue entrepreneurship to change their lives. President Banda, who was in the Ugandan capital, Kampala for the 16th summit of COMESA heads of state and government, said economic empowerment of women is a sure key to attaining […]
President Joyce Banda on Friday told COMESA Heads of State Summit being held in Kampala, Uganda, that her government has set a target that in the next five years, Malawi should make it into the top 100 countries to do business in, according to the World Bank Index. “I hope my fellow COMESA member states […]
I have been following the debate on Revising the Malawi Economy, a topic which was discussed at the recent conference of the Economists Association of Malawi (ECAMA). The Patron of ECAMA, Thom Mpinganjira, proposed strategies for reviving the Malawi economy and his proposals made me to think of making additional proposals that could also help […]
Despite being impressed with the country’s performance on some of the conditions it set under Extended Credit Facility (ECF), the International Monitory Fund (IMF) has advised Malawi not to rely on donors in finding long term solutions to address its current economic challenges. Malawi’s renowned economist professor Mathews Chikaonda recently also asked government authorities to […]
The cost of living for Malawi’s capital Lilongwe, Mzuzu and old capital Zomba are still rising, a welfare monitoring survey has revealed. The Basic Needs Basket (BNB) survey conducted by the Centre for Social Concern (CfSC) shows that the cost of living has generally gone up largely on account of increases in both food and […]
After taking over government in April, Malawi’s President Joyce Banda devalued the currency to revive the country’s economy and court back donor confidence but her action has, among others, triggered sharp increase in the cost of living for poor Malawians. Prices of every basic commodity in the country have multiplied driving many Malawians deeper into […]