Malawi’s Finance Minister Dr Ken Lipenga said on Friday that life of Malawians will soon return to normal as the country will be moving on face track to economic recovery. Malawi is on political knife-edge as pressure mounts on President Bingu wa Mutharika, who is presiding over a deepening economic crisis that has seen deepening […]
They call the Third World the lazy man’s purview; the sluggishly slothful and languorous prefecture. In this realm people are sleepy, dreamy, torpid, lethargic, and therefore indigent—totally penniless, needy, destitute, poverty-stricken, disfavored, and impoverished. In this demesne, as they call it, there are hardly any discoveries, inventions, and innovations. Africa is the trailblazer. Some still […]
Press Corporation Limited (PCL) has started closing down some supermarkets under the group arguing it cannot be borrowing money to pay for the subsidiary’s taxes. The development has left over 1,500 jobs at Metro and PTC supermarket shops as the group of companies has so far closed 16 shops. Over 300 people have been fired […]
Rumphi central Member of Parliament (Aford), Enock Chihana, has told parliament that it is high time Malawians invoked the Constitution to demand a referendum on whether President Bingu wa Mutharika’s government mandate should go beyond 2012 given its poor governance and economic management record. But leader of government business in parliament Dr. George Chaponda trashed […]
Opposition Aford’s Karonga-Nyungwe MP, Khwauli Msiska, on Tuesday told parliment that Malawi should take International Monetary Fund (IMF) advice to devalue the local currency Kwacha before the end of the year. “We are treading on a dangerous path if we don’t want to be truthful. Not long ago, it was almost obscene to relate the […]
With Malawi’s tobacco marketing season set to open from early next month, the industry’s influential body, Tobacco Association of Malawi (Tama) has voiced its concern that failure to grow more tobacco this year would lead to satisfying even half of the demand from leaf buyers. The body said this would further complicate Malawi’s already ailing […]
Malawi Confederation of Chambers of Commerce and Industry (MCCCI) has appealed to government to provide the private sector with a better business environment. MCCCI said a better business environment will enable private to produce more for exports and rescue Malawi from the foreign exchange unavailability. But Industry and Trade Minister John Bande assured the industry […]
Malawi’s Leader of Opposition, John Tembo, said on Monday that the State of the Nation Address by President Bingu wa Mutharika delivered in parliament on Friday “didn’t inspire hope” of economic recovery. Tembo, who is leader of main opposition Malawi Congress Party (MCP), made the remarks when he responded to the President address in parliament. […]
Presidential aspirant and United Democratic Front (UDF) deputy leader in parliament, Atupele Austin Muluzi, on Monday brought his ‘agenda for change’ campaign in parliament when proposed what he called a ‘new plan for Malawians.’ In his speech, in response to the State of the Nation address by President Bingu wa Mutharika when he opened the […]
Malawi’s leader of opposition in Parliament John Tembo has accused government for illegally withdrawing K6.5 billion from Fuel Stabilization Fund account. Tembo made the revelations in reaction to President Bingu wa Mutharika’s speech in Parliament last week, arguing government has to come in open to disclose how the money was spent. “They have illegally withdrawn […]
Two ministers and critical members of President Bingu wa Mutharika’s economic team fled from attending a national meeting to strategise on how to diversify the economy and broaden the country’s forex base on Saturday in Blantyre. The aim of the consultative workshop was to solicit views, contributions and input from all stakeholders in Malawi on how best […]
The State Vice President Joyce Banda has written President Bingu wa Mutharika to formally express her reservations over Malawi’s commitment to host an African Union (AU) Heads of State and Government in July this year. Speaking to journalists at her official Mudi Residence in the commercial capital, Blantyre on Friday, Banda said it was her […]
President Bingu wa Mutharika has shot down demands by International Monitory Fund (IMF) and other donors to devaluate the local currency, arguing doing that will only worsen poor people’s lives. Mutharika while opening the budget review session of Parliament in Lilongwe, this morning vehemently argues that it was improper for IMF and other donor partners […]
Malawi President Bingu wa Mutharika, whose government is dogged by economic and governance challenges, on Thursday flew to Zimbabwe to pay a courtesy visit to his political ally President Robert Mugabe at State House in Harare. Government insisers said Mutharika was “seeking wisdom” from Mugabe on “survival tactics” amidst social-economic problems his country is facing following […]
Malawi government spokesperson Patricia Kaliati has dimissed calls by Vice President Joyce Banda asking President Bingu wa Muthatika to tell African Union (AU) that the country cannot host the summit scheduled for June due to economic turmoil. Kaliati,who is Minister of Information and Civic Education, said the call by the Vice President was inappropriate, saying […]
Malawi Vice President Joyce Banda has asked Pressident Bingu wa Mutharika to eat a humble pie and inform the African Union that the country which is facing economic challenges cannot afford to host the summit of Heads of State and Government scheduled in June. Banda said the resources which would be used for the summit […]
Malawi President Bingu wa Mutharika has insisted that he is “part of the solution” to the country’s chronic problems as he seeks to win over sceptical donors in the west. Speaking on Tuesday at a news conference he addressed at Kamuzu International Airport in Lilongwe on his return from Ethiopia where he attended African Union […]
Malawi President Bingu wa Mutharika’s government has been accused of “manufacturing” fake statistics and economic reports to hoodwink the public when in reality the country’s economy is shrinking. Former vice president Dr Cassim Chilumpha, who once served as finance minister, made the claim when he addressed a public meeting at Lunzu Primary School in Blantyre […]