Malawi President Bingu wa Mutharika on Thursday had the real feeling himself that he is ruling an angry and sad nation when scores of people in Lilongwe booed him on his arrival from Doha, Qatar. Mutharika left the country on December 8 for Tanzania where he attended that country’s 50th independence celebrations and proceded to […]
Malawi’s Energy Minister Goodall Gondwe says government has found “a lasting solution” to the chronic fuel shortage by luring investors to supply the country with fuel which can be paid in local currency. Speaking on Capital FM Daybreak Malawi programme on Thursday, Gondwe who is former finance minister and credited for Malawi’s economic success during President […]
South African retailer Game Shop has for the past 9 weeks been running its bottom low prices on items in what inside sources say is a strategy to offload wares as it prepares to shut down in Malawi. Despite having all tell-tale signs frustration due to the punitive widerange of taxes brought in by government […]
Blantyre Rural East Member of Parliament, Henry Duncan Phoya (HDP) says he will consider entering the 2014 presidential race. Phoya speaking to Nyasa Times in a telephone interview however said he does not harbour presidential ambitions. The 45-year-old lawmaker said those asking him to run for presidentwere simply exercising their freedom of expression. Fix-factor Phoya […]
The Malawi industrial sector continues to shrink as manufacturers lay off more people each month as a way to cut wage bills in the wake of acute forex shortages that has led to importation of few or no raw materials used for production. This is occurring just few weeks after Nyasa Times reported that companies […]
Centre for Social Concern, a body that come up with monthly surveys of cost of living in Malawi has said Malawians are struggling to make ends meet due to the current economic turmoil. The group says in its “Statement on the Status of Economy” in Parliament, the Minister of Finance Ken Lipenga, indicated that the […]
Malawi’s international development partners have clearly called on government to address economic and non-economic concerns raised by various stakeholders and earnestly work on reviving the International Monetary Fund (IMF) programme which is now off-track. This is contained in a stand by the Common Approach to Budgetary Support (CABS) now chaired by the World Bank Malawi […]
Malawian group, a collection of political and social activists calling themselves Concern for Malawi (COMA) say they want to persuade some British members of parliament in the hope of highlighting the economic problems Malawi is facing at the moment and deteriorating rights situation. Spokesperson of the group, Chalo Mvula who is also a blogger on […]
Reserve Bank of Malawi (RBM) Governor Dr Perks Ligoya says there is no need to press the panic button for Malawians over devaluation of the Kwacha currency, saying it will not be done imminently. Ligoya had disclosed that the International Monetary Fund (IMF) “high powered team” will be coming in the country from December 1 […]
People’s Party of vice president Joyce Banda is set to form the next government in Malawi, the party’s national director of economic affairs, Dr. Jerry Jana has said. Jana an accomplished economist and former diplomat says he thinks that PP is ready to form the next government and that it will have a different approach […]
They wrote commandments to guide their newly declared self-government. As the need arose, they changed the guidelines. This time not everybody was involved in the amendment. Only the few select few were. Slowly, the wise representatives appear to make modifications that suit their personal enrichment at the expense of the rest. The tale could be read […]
As I write Malawi President Bingu wa Mutharika is preparing to travel back to the country he is supposed to be heading – in both times of hardship as well as times of merry-making. In his infinite wisdom, however, he decided on a holiday – in South East Asia, apparently at a time when everybody […]
The monthly basic needs basket survey conducted by the Centre for Social Concern (CFSC) says the cost of living in Lilongwe has gone up with an average family of 6 living in Malawi cities will now need around K55,000 per month to afford basic necessities. The survey was conducted in Mzuzu, Zomba, Blantyre and Lilongwe. […]
The fuel crisis in recent weeks has moved into centre stage in the Malawi Economic crisis. While the fuel crisis has generated a lot of noise and press coverage, the electricity crisis is increasingly seen as a sideshow. Malawi’s fuel problems are widely known and the consequences of the crisis are felt everyday by the […]
Malawian legislators on Tuesday unanimously endorsed a Public Appointments and Declaration of Assets Committee report which if adopted would see their monthly pay almost triple to a million kwacha ($6,060) from $2,364 (K390,000) This was the first business the MPs dealt with ignoring other pressing matters affecting the masses like the spiral in food prices, […]
Malawi Parliament convened on Monday but could only meet for less than 20 minutes . One of the activities in the House was the swearing in of legislator Enock Chihana of Alliance for Democracy (Aford) who emerged victor during September 7 by-elections in Rumphi Central constituency 19 polls. Chihana, son of late pro-democracy champion Chafukwa […]
The Reserve Bank of Malawi (RBM) is coming up with two parallel stands regarding the position of the country’s foreign reserves. In its publications the central bank says Malawi has $425 million of foreign exchange reserves, which means 3.29 months of import cover. But when put on the spot by the media this week, RBM’s […]
President Bingu wa Mutharika seem to believe that the economic miracle he has achieved is real and all Malawians must acknowledge this feat. He once said that those who beg to differ are only displaying their ignorance. With all due, respect and honestly speaking, the current economic crisis in Malawi is a direct opposite of […]