There is a kind of honesty that only arrives once denial has become impossible, and Malawi’s health system produced two versions of it in the space of a single news cycle this week. At Kamuzu Central Hospital, it took the form of a number: nearly 5,000 people now waiting for surgery, a queue grown so […]
UDF president Atupele Muluzi has issued a dramatic call for Malawi to overhaul its entire foreign exchange system, insisting that liberalising the exchange rate — backed by a vital injection of foreign currency — is the crucial first step to resolving the country’s crippling shortages of fuel, medicine and other essentials. Muluzi’s intervention came hot […]
President says forex is hardest challenge, defends fuel and food record, and warns of more tax pain a year into his term Malawi’s president, Prof Arthur Peter Mutharika, has said the economic road ahead will be “rough”, acknowledging that foreign exchange shortages remain his most difficult problem and that further taxation will be unpopular but […]
A 37-year-old Malawian teacher of Asian origin has been dramatically arrested at Bakili Muluzi International Airport after customs officials discovered a hidden stash of foreign currency concealed in his luggage — just as he was about to board a flight to South Africa. Suhel Shirajamed Gangat was stopped in his tracks when his two suitcases […]
There is a particular kind of queue that tells you more about the state of a nation than any government press release. It forms outside a filling station, it does not move for hours, and everyone in it already knows what the attendant is going to say before he says it. Those queues are back […]
Malawi’s Minister of Education, Science and Technology, Bright Msaka, has thrown down a bold challenge to the country’s universities, demanding they step up and help mobilise desperately needed foreign exchange through their teaching and other services. Speaking during the signing ceremony of public sector reform commitments with academic institutions in Blantyre, the minister openly questioned […]
The Economics Association of Malawi says tight budgets and a more flexible exchange rate are needed, but warns that the medicine carries costs for business Malawi’s economists are urging the government to rein in spending and overhaul its management of foreign exchange, as a severe dollar shortage collides with public debt of about K24tn, equivalent […]
Malawi’s opposition UTM leader, Dalitso Kabambe, has publicly urged President Peter Mutharika to “speak directly to the nation” about what his administration is doing to tackle corruption and the country’s economic difficulties, in an open letter that lands days before the president’s first anniversary in office. Kabambe, a former governor of the Reserve Bank of […]
Malawians and visitors alike are facing a dramatic new crackdown on cash, after the Reserve Bank of Malawi (RBM) slapped sweeping restrictions on the physical possession and movement of foreign currency — with anyone caught holding more than $1,000 without central bank permission now at risk. Under the astonishing new rules, anyone physically carrying more […]
Dalitso Kabambe, the former central bank governor who now leads the opposition UTM party, has put his finger on something Malawi’s official statistics tend to understate: a currency can look “stable” on paper while remaining acutely scarce in practice. His warning that commercial banks are now capping individual foreign-exchange disbursements at just $200 is a […]
Malawians travelling and doing business across the country’s borders are continuing to complain of crippling forex shortages, with banks accused of being unwilling to exchange kwacha for dollars – despite fresh figures showing the country’s foreign exchange reserves have actually improved. According to the latest bulletin from the Economics Association of Malawi (ECAMA), the nation’s […]
Malawi’s foreign exchange reserves have risen to $616.3 million in June 2026 – but an economist has warned the improvement remains nowhere near enough to ease the forex shortages plaguing businesses and other users across the country. According to the Reserve Bank of Malawi’s (RBM) June 2026 Monthly Economic Review, total reserves increased from $596.5 […]
Shadow Minister of Finance and Malawi Congress Party (MCP) Member of Parliament for Lilongwe Phirilanjuzi Constituency, Peter Dimba, has called on the government to establish a One-Stop Export Centre to eliminate bureaucratic delays that are choking exports, as Parliament approved US$130 million (about K229 billion) in World Bank grant financing aimed at strengthening local governance […]
Telekom Networks Malawi is pressing ahead with network investment despite persistent foreign‑exchange shortages that continue to weigh on the importation of critical equipment, Chief Executive Michel Hebert told shareholders at the company’s 31st Annual General Meeting in Lilongwe. Hebert said network expansion remains TNM’s central strategic priority even as currency constraints complicate operational planning, a […]
Malawi’s new licensing regime for foreign‑exchange bureaus has been presented by the Reserve Bank as a step towards a cleaner, more transparent market. But the reforms have reopened a familiar question: whether supervision can meaningfully stabilise a system defined by chronic scarcity. The framework — shorter licence cycles, higher capital thresholds, spot‑only trading and mandatory […]
Online trading by retail investors is at all-time high in Africa & globally in 2021. It is estimated that there are over 1.8 million active day traders, and this number has increased by nearly 100% since the last year. The crash in the global financial markets in March 2020 from the fallout of Covid-19 pandemic […]
Main opposition Democratic Progressive Party (DPP) spokesperson on finance in Parliament Joseph Mwanamvekha has described Minister of Finance Felix Mlusu’s Mid-Year Budget Review Statement as lacking merit when it has omitted the exchange rate whic is the key macro-economic fundamental in the budgeting process. Mwanamvekha, who was the last minister of Finance in the DPP […]
Every Forex beginner should learn the basics of short and long positions because it is fundamental and essential for them. Traders become very confused when they are about to choose the timeframe or short- and long-term positions. This confused appears when the market becomes highly volatile, and there is a possibility of the currency’s price […]