The fragile state of Malawi’s economic recovery was thrown into focus once more Thursday as the International Monetary Fund (IMF) announced the country’s growth was slowing in manufacturing and agriculture. IMF mission chief Tsidi Tsikata said in Malawi’s capital, Lilongwe on Thursday that it has revised its growth forecast for Malawi for 2012 to 1.9 […]
It is common knowledge that since Malawi got its independence in 1964, the country has experienced smooth transitions from one government to another. Though at times there has been resistance by the incumbent Heads of State to surrender power, Malawians have peacefully dislodged such power hungry leaders. It goes without saying that after every change […]
Malawi Confederation of Chambers of Commerce and Industry (MCCCI) Chief Executive Officer Chancellor Kaferapanjira has thrown a punch at Consumers Association of Malawi (Cama) Executive Director John Kapito, saying he was misleading people on the economy. However, Kapito has hit back at Kaferapanjira describing him as a capitalist who speaks on behalf of industry and […]
Representatives of the Public Affairs Committee (PAC) on Wednesday met Malawi President Joyce Banda at Sanjika Place where they largely highlighted concerns and reservations which Malawians have on her administration. President Banda was sworn in as Malawi president in April after the sudden death of president Bingu wa Mutharika in April. According to the organizers […]
A local economist says lack of communication from government authorities on the causes of and solutions to the current economic problems facing Malawi is a major contributing factor towards resentment Malawians have towards the current administration. Executive Director of Capital Alliance, Chikavu Nyirenda, was reacting to blames which Malawians are showering upon President Joyce Banda’s […]
British High Commissioner to Malawi, Michael Nevin has commended the country’s leadership for taking the decision to implement the ERP which would have long term benefits to the economy. “It is a known fact that the measures the government has taken has had some impact on people but was necessary to do that because of […]
Economists Association of Malawi (ECAMA) Patron, Thomson Mpinganjira has outlined a number of measures through which government and the private sector could transform the country’s ailing economy. He said much as the current Economic Recovery Plan (ERP) was a timely intervention to bring back the country’s economy on track, there was need to deploy other […]
It never rains but pours for the country’s consumers as they are, now, expected to dig deeper into their pockets for survival following the hiking up of electricity tariffs aside an increase in fuel pump prices by Malawi Energy Regulatory Authority (MERA). MERA on Thursday announced an increase in fuel pump prices with 12 and […]
Leaders of Malawi’s biggest Christian church movement, the Malawi Council of Churches (MCC), have voiced their official stand on current “contemporary issues” affecting Malawi. In a statement issued Thursday entitled: ‘Our Nation and Contemporary Issues Affecting Our Lives’, the clergy have tackled on issue of homosexuality, the looming hunger, the Lake Malawi border dispute with neighboring Tanzania, […]
President Mrs Joyce Banda has asked economists in Malawi to ‘challenge’ her government’s thinking on the economic recovery plan (ERP). Speaking in Mangochi when she opened a three day annual conference for the Economics Association of Malawi (ECAMA) at Sunbird Nkopola lodge in Mangochi on Thursday. President Banda said she will welcome recommendations the conference […]
Malawi has been ranked at 157 out of 183 countries the World Bank assessed in its 2013 Business Indicator. Dr. Andrew Mwaba, who is African Development Bank (AFDB) Resident Representative in Malawi Country office, disclosed this on Thursday. He said this when AFDB held its two day Business opportunity Forum and Competitiveness seminar for the […]
Malawi’s opposition United Democratic Front (UDF) presidential candidate Austin Atupele Muluzi has openly declared that his main priority is to help President Mrs. Joyce Banda in solving the country’s economic misfortunes and his political ambitions are secondary. Atupele, a serving Economic Planning and Development minister in Banda’s cabinet, told Zodiak radio’s Tiuzeni Zoona program on Sunday edition […]
President Joyce Banda said her decision to devalue the country’s currency, the kwacha, by 40 percent was a short-term solution to economic revival . Speaking at a fundraising event for hunger affected households organized by the Presidential Initiative on Poverty and Hunger Reduction at the New State House in Lilongwe, Banda said the time she […]
Malawian President Mrs. Joyce Banda on Friday said government is on track to achieving economic recovery, saying short-term reform agenda that commenced last May has already achieved a number of important gains. The President was speaking at Bingu International Conference Centre in Lilongwe when she officially opened a two-day joint conference organized by Ministry of […]
International Monetary Fund (IMF) has said it will continue supporting Malawi in the course of achieving its economic recovery. Speaking in Lilongwe on Friday, Deputy Director of African Department for IMF David Owen said IMF would help in promoting and achieving a speedy economic recovery, saying they are impressed with reforms government has undertaken. “IMF […]
The Public Affairs Committee (PAC), a grouping of religious leaders inMalawi, has resolved to lobby for the limitation of presidential powers as well as formation of a group of eminent Malawians to help the president in running the economy of the country. PAC came up with the resolutions at a second all-inclusive stakeholders’ Conference in Blantyre, a follow […]
Malawi’s renowned economist professor Mathews Chikaonda is asking government authorities to put up strong measures that wound see Malawi move away from donor dependence for its economic growth. In his presentation at the all-inclusive stakeholders’ Conference in Blantyre organized by Public Affairs Committee (PAC) which ended Wednesday, Chikaonda said its high time Malawi should tell all […]
In the local lingo, Malawi’s current economic tango fits plumb with the old saw; those who cry for rain should accept the mud it creates. In 1994, Malawians ululated hoarse at the advent of multiparty. They had survived 31 years of keeping one step ahead of the police. Many had fallen foul of the dictatorship, […]