Malawians should brace up for more hard times up to next year as the country’s economy continues to plummet to the dissatisfaction of the general population, Reserve Bank of Malawi Governor has warned. RBM Governor, Charles Chuka, speaking during a meeting with Business Journalists Association of Malawi in Blantyre, said the current economic woes are […]
Malawi President Joyce Banda on Tuesday said she will not impose salary cut on her Ministers after she slashed her salary by 30 per cent to share in the “difficult times” suffered by her countrymen since she dramatically devalued the currency. “I decided to reduce my salary by 30 percent voluntarily hence Ministers can’t be […]
President Joyce Banda has expressed interest of taking Malawi into top 100 of all World Bank doing business ranking. Speaking at the two day 6th African Investment Conference in South Africa on Monday, Banda said it is her wish to see Malawi ranked within the top most 100 countries that are doing business with World […]
Economics professor at Chancellor College a constituent college of the University of Malawi, Ben Kalua, has spoken against industrial strikes that are being held to push for salary increment as a measure to cushion the effects of devaluation. According to Kalua such demands will only aggravate the country’s economic situation. “That’s nonsense to me. Let […]
Energy and Mines Minister Dr Cassim Chilumpha has admitted that the fuel shortages which has started hitting motorists in the country are far from over. Chilumpha made the confession to Malawi’s local paper on Saturday. He said the situation is far from normalizing, there were no quick answers to problems in the fuel industry as […]
European Union ambassador to Malawi Alexander Baum is challenging Malawi government authorities to spend resources in the most economical way. Malawi is currently sailing through a labyrinth of economic dire straits despite government effort to bring economy back on track. Among the efforts was the devaluation [and floatation] of the local currency the Malawi Kwacha by almost […]
We, Malawians, are blessed. We have the knack of having, or to put it more accurately, of ending up with pedagogical leaders. If most of us were attentive, by now we would have learnt a lot from our presidents – past and present – on issues spanning over valleys of disciplines. During the Dr Hastings […]
Malawi’s Economic Planning and Development Minister, Atupele Muluzi said during the launch of the Economic Recovery Plan and the Malawi Growth and Development Strategy II (MGDS II) in Lilongwe Friday that transparency and accountability will be central to delivery and transformation of the plan. He said transparency and accountability are “two important instruments” to deliver […]
Malawian President Joyce Banda and Vice President Khumbo Kachali have voluntarily cut down their salaries by 30 percent as part of their support to the current austerity measures, the Vice President has announced. The Vice President made the announcement during he launch of the Malawi Growth and Development Strategy II and Economic Recovery Plan at […]
“Let me have silence, and I will speak, and let come on me what may.” – Job 13:13 For the record, contrary to recent allegations, the Chief Mourner mourns not over the loss of his government job. The Chief Mourner in fact rejoices that he is not part of a clueless administration whose only cause […]
A local economist Friday Jumbe is pushing government authorities to urgently remove the hurdles and obstacles strewn in the country’s path towards economic recovery which is making donors withhold their budgetary support to Malawi. Several international donors including Britain are withholding their aid to the southern African donor dependent nation which they promised to assist once […]
Rocked by the current harsh economic downturn, people in the populous lake shore resort district of Mangochi are now selling their own blood for survival, it has been learnt. Thousands of people in the district, propelled by the ongoing economic hardships in the impoverished southern African state, are selling blood to vendors in order to make […]
President Joyce Banda has said Malawi is currently at a very critical economic transition which requires the involvement of both local professionals and international development partners. Banda made the observation on Saturday at Waldorf Astoria Hotel in Manhattan, New York when she addressed Malawians under the Association of Malawians in the Tri – State Area […]
State House has confirmed that President Mrs Joyce Banda and her entourage’s trip to the United Nations General Assembly in New York.will cost f K308 million (about $1.03 million) but says the amount is “reasonable”. Presidential press secretary Steve Nhlane said the K308 million is “reasonable “and far much smaller than what government was spending […]
Human rights activist and member of rights group Civic and Political Space Platform, Billy Mayaya, has called on the Office of President and Cabinet (OPC) to give out a breakdown of K308 million (about $1.03 million) travel bill of President Joyce Banda to the United Nations General Assembly in New York. Banda has been criticised for […]
Malawi opposition DPP and UDF have criticised President Joyce Banda for taking over 40 people, including chiefs and party cadres on her entourage’s trip to the United Nations General Assembly in New York whereby taxpayers in Malawi’s ailing economy have coughed at least K308 million (about $1.03 million) for air tickets and allowances. UDF acting […]
Government has conceded that the current fuel shortages experienced in northern and central region and some parts of the country are due problem of foreign exchange availability. Mzuzu and Lilongwe and surrounding areas have been experiencing erratic fuel supply in the past weeks, forcing motorists to form queues at most filling stations in search for […]
The Roman Catholic body called Centre for Social Concern (CFSC), that come up with monthly surveys of cost of living in Malawi has said there is serious failure by most households to meet key nutritional requirements, a development that is symptomatic of Malawi’s deepening economic malaise. CFSC has said in a statement of their fourth quarter […]