Malawi President Bingu wa Mutharika is piling pressure on China to save the country’s economy teetering on the brink of collapse after traditional donors rebuffed his zero budget financial plan, a report by African Development Bank (AfDB) has said. But analysts say opening up to China, especially in the private sector, can strangle indigenous business […]
The ongoing fuel availability levels have gone extremely down in Malawi to the extent the country’s largest fuel retailer has declared that it was not doing deliveries since Wednesday. This is contained in Puma’s (formerly BP Malawi) customer updates for October 26 up to October 28, 2010 and other fuel stations do not even have […]
Persisitent fuel droughts, foreign currency shortages and donor fatigue has put Malawi on a slippery economic road that needs a strong political grip before the country slips into financial oblivion that engulfed Zimbabwe, analysts has warned. But an official from Reserve Bank of Malawi has dismissed the claims as baseless claiming the economic landscape in […]