The fuel crisis over the last few years has been caused by low supply comparable to demand. In simple words, Malawi’s economy has an insatiable appetite for Fuel than what is being provided which is creating a deficit of supply. In order to understand why we are having these major Fuel problems, the key is […]
Reserve Bank of Malawi Governor Perks Ligoya said on Tuesday that it is misleading to say that country’s economy was doing very well under the tenure of Bakili Muluzi than currently under economist President Bingu wa Mutharika. Economist and former diplomat Dr Jerry Jana told a radio interview on privately-owned Capital radio that “in the […]
Aviation fuel troubles have compounded airlines flying through Malawi with air travellers slowly getting in a fix on available travel options. International airlines have also been forced to divert their aircraft due to the country’s long-running fuel shortage. This follows an incident in Johannesburg, South Africa on Monday where South African Airways (SAA), stunned passengers […]
Somecompanies in the industrial city of Blantyre have reduced production outputs due to the ongoing forex shortages citing lack of adequate raw materials to meet production levels. On average, companies have dropped their output by 20 percent as manufacturers don’t have ability to import raw materials, the mainstay of the industry, thereby impacting negatively on […]
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 […]
Firebrand politician and former minister Brown Mpinganjira has criticised President Bingu wa Mutharika for taking holiday when the country is in the middle of the economic crisis. President Mutharika left the country last month Australia where he attended the Commonwealth Heads of Government meeting but proceeded to holiday, the exact location which government is not […]
There is nothing to laugh, smile and rejoice about DPP’s victory in May 2009 – more than two years down the line. Seriously! It is time this government rolled up its sleeves and started working for the good of all Malawians – otherwise they are leading us on a path to nowhere. All I can […]
Malawi’s earning from agriculture continues to perform lowly with forex earnings from tea going down by US$2 million. The Tea Association of Malawi Limited says the crop, which is the second foreign exchange earner after tobacco has managed make sales of US$17.1 million (K3 billion) down from US$19.6 million (K3.6 billion) as of August 2011. […]
Despite trying to boost its production capacity and continuous strategies on how to satisfy local demand for soft drinks, Carlsberg Malawi has yet again miserably failed to adequately quench the public’s thirsts. A holding of Coca-cola Malawi, Southern Bottlers (Sobo) and Malawi Distilleries Limited (MDL), Carlsberg Malawi has this time quickly attributed the problem to […]
Forex continues to elude Malawi’s economy as information shows a 40 percent sales downfall from top foreign exchange earner, tobacco. Latest information and figures from the industry’s regulator, Tobacco Control Commission (TCC) acknowledges that the country’s economy is indeed relying on a dying giant. TCC says as of October, tobacco earnings has so far only […]
It never rains but pours for Malawi which is suffering from continued forex and resources supplies, as this time the World Bank statistics have shown that country’s rate to doing business is on the lower side. The World Bank’s investment arm, International Finance Corporation (IFC) annually produced the ‘Doing Business’ report which analyses regulations affecting […]
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 […]
The 2007 to 2009 were the worst years of economic crisis in the world, with attention focused on the possible impact of downturns in the developed countries. Malawi, located in the sub-Saharan region started feeling the heat two years ago when it faced its worst acute shortage of foreign exchange. It was around this difficult […]
President Bingu wa Mutharika has claimed the country is “changing from worse to better” despite complaints that Malawi is facing the worst economic crisis with acute shortages of fuel, electricity and foreign currency. “Malawi is getting better every day,” President Mutharika claimed in a recording of the BBC’s Africa Have Your Say aired Thursday evening. […]
By Evelyn Chibwe, Nyasa Times President Bingu wa Mutharika has accused unnamed European governments of bankrolling Malawi non-governmental organisations (NGOs) in order for them to organize mass demonstration against his government and effect unconstitutional regime change. Speaking when he addressed the nation on Sunday via the Malawi Broadcasting (MBC) radio and television, Mutharika said the […]
By Afred Timkweje, Nyasa Times Malawi government has confirmed the cancellation of the friendly match between the Flames and Mozambique’s Mambas which was scheduled to take place on 10th August in Maputo, Mozambique. The government says it does not have forex to support the Flames trip to Maputo. Director of Sports Jameson Ndalama said that […]
By Peter Chikaiko Fuel shortage, lack of forex, poor water supply, and frequent electricity blackouts, bad governance, the quota system, irresponsible use of government resources and tax payers money… by the current administration is affecting us Malawians equally including the so called Bingu supporters who will be deployed to the streets whenever peace loving Malawians […]