2016 to start on a bad note as Kwacha falls again

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Malawians must brace themselves for harder economic times in 2016 unlike those faced in the year ending as the Kwacha has yet again fallen against major foreign currencies with a reported increase in inflation.

Having tumbled in the year 2015, the Kwacha is now trading at MK800 against the dollar in a year it kept going down.

Against the British Pound, the Kwacha is at MK1000. Recently, an economic expert expressed no surprise at the instability of the Kwacha this year.

Malawi Kwacha

Malawi Kwacha ha fallen.

In an analysis of how the country fared economically, economist Nelson Mkandawire said the country started well as compared to the current economic situation.

“The country started on a higher note this year as compared to now and the high inflation rate, high bank lending rates among others show that the economy is fragile,” said the former Economics Association of Malawi (Ecama) Executive Director.

He further said that one of the contributing factors to the economic challenges were the floods the country encountered this year as most people lost their property and crops.

“Our economy is a fragile one; when one sector has been affected all the other sectors are also affected. In this respect we can see how the floods affected other sectors of the country,” he said.

Mkandawire further said that issues of cashgate and the withdrawal of aid to Malawi by donors also affected the economy of the country.

He added that he expected the public reforms to make sectors grow but this has not been the case.

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167 Comments

  1. Olobe ife ndiye tiope? Kuti ope ope ope? Iyaaaaah, kwacha kugwa ifenso kugwa. Kwacha kudzuka ifenso kudzuka. Ubale wathu ndi kwacha palibe angawulekanise.

  2. Kkkkk woza Malawi…! That is today’s kwacha on Malawi. Is that Joyce Banda again? Now what is your contribution Mr. President and your cabinet on this matter? How much ‘ll be one bag of fertilizer of 50kg? Think about pple from rural areas, Small Holder Crop Farmers. Malawi ‘ll never never achieve its goals. This is 2016, in 2020 we will use plastic bags (majumbo) when going to market to buy 1 bundle of mpilu just curring thousands bcz 1 dollar will be 2000mk. Zomvetsa chisoni!!! Zochititsa manyazi!!!

  3. ife timadabwatu kut ka kwacha kakudalira chan kut kasagwexo,,,,,,,,,olo katangwa dollar izisinthidwa pa Mitre nde bwino mwina kadziko kathukano,,,kokomera anthu adyera okhaokhao kakhoza kutha,,,,moshko,tz ndi zambiya agawanepo lol!

  4. Tsopano ndinthawi yoti anthu MUVOMELEZE KUTI DOLLARS IS EQUAL TO SATANIC

    NDALIVOMELEZA BIBLE LANGA.

    NGATI MUPITILIZA KUKANA;
    -1 SATANIC
    -2 MA UKWATI A MA GAY NDI LESBIANS.
    NDALAMAYI SIDZALUNGAMA,
    CHIFUKWA NDALAMA IKUCHOKA KUMANJA KWA SATANA.

    TSOKA MTUNDA NDI NYANJA CHIFUKWA OYIPA WATSIKILA KOMWEKO.

    THANX HEAVENLY FATHER FOR ALLOW ME TO C MALONJEZO A YESU KHRISTU ZIZINDIKILO ZA MASIKU OTSILIZA.

    ODALA OTENGA KHRISTU CHIFUKWA NGANKHALE AFA ADZANKHALABE NDI MOYO

  5. vuto ndiloti kadziko kathu nkamanja and kalibe doko and timangodalira chingabwe as a bigest contributor to the eco so ol atakupatsani kuti mulamulira simungayi kwanitse and muone population yathu against our dziko ndemumango lodza muthu vutoli ndi latonse and wina aliyense akuyenera kulimbika for the improvemnt of our dziko

  6. Name is eweka, From london. I wish to share my testimonies with the general public about what this man called prophet ediagbon has just done for me , this man has just brought back my wife to me with his great spell, I was married to this woman called rose we were together for a long time and we loved our self’s but when I lost my job and she was unable to have a child for 2 years she left me and told me she can’t continue anymore then I was now looking for ways to get her back until a friend of mine told me about this man of GOD and gave me his contact email, you won’t believe this when I contacted this man on my problems he do some spiritual prayers for me this spell and bring my lost wife back, and after a month my wife told me she is pregnant am happy today am a father and my maniger who has forgotten about me for the past 2 years call if i am still interested in the job , thank you once again the great prophetediagbone for what you have done for me, if you are out there passing through anykind of problems contact in If you want your ex back. if you always have bad dreams.vist his email prophetediagbone@gmail.com or Contact him +2348052043732.

  7. We Malawian,we still have problems when we c some one rise,we put him down,when he /she failing we are happy.instead of helping or give good idea nothing what we know is kunyoza I don’t like this kind of lyf tiyeni tikondane abale,

  8. Will you pliz talk about your Kwacha. When did Prophet Bushiri or Prophet TB Joshua prophecy about Pre, Mugabe. What you should know is that most of these Facebook accounts of many men of God are FAKE, there is a big scam going around so take care.

  9. Goodall had his time ,retire him ,we have some vibrant economists, let them also try. He said that by December Malawians will be smiling but instead we are frowning.

  10. Boma lamalawi lagwa basi!
    Awa akhale maliro kudziko lonse la Malawi.
    Where are you going mother Malawi?
    Anthu Sadzasiya kulira father & founder of this nation coz of these painful times experienced by Malawian Citizens.
    Nnthawi ya Kamuzu amalawi sadawonepo malodza ngati awa.

  11. This reflects the leadership we have! God doesn’t back backdoor leadership! God is god of perfection than shortcuts! Save him right!!!!!

  12. Zonsezi zikukwanirisa nthwi posachedwa dziko lonse tikuyenera kugwiritsa ndalama imodzi, moti pano ndalama zonse zigwa koma kuzabwera imodzi yamphamvu

  13. Its a known fact now to accept that this DPP regime has failed us Malawians miserably. All they do is talk but nothing is happening for the poorest Malawians. For how long are we going to be the poorest country in the world?

  14. Please ignore the rumour that the Reserve Bank of Malawi is using my picture on the new two thousand kwacha note to be introduced. Ofcouse the government approached me but I rejected the offer for security reasons. Thank you.

  15. Mutipangile TEN THOUSAND IMODZI SITIFUNA NDALAMA MBWEMBWEMBWE AYI. kusika kwali kwacha sizachilendo ku Malawi ndithawi yanjala ino More over Fodya anapyanso ku kanengo amene amadalira. Ma cashgate akuchitikawo kwacha isatsike , metsa akungokokela muma big BOMBASA POCKET TROUSERS .

    • Blame democracy first. Chifukwa nthawi imeneyo kungokupeza waba umanyongedwa ndithu koma pano kungotero mabungwe atulukila kubwebwetuka. Ndiye ichi nchiyambi kufinyika kulipo

    • Zowonadi Satana Watiwukira Chifukwa Chomangovomera Zilizose Kuchokera Ku Ma Western Countries. Malawi’s economy is under fire & the gvt is goin to corupse before long

  16. kwacha ikupita pa k1>1000 dolar.pomwe rand ikuthamangila pa 1dolar>r20.azungu amenewo kufuna kugwetsa africa.its not about readership,its about power.corruption comes second,readership comes third in africa.wake up African readers combine your ideas together with your hands.30 years coming……… sory….wake up

  17. No wonder comradez its nt the first tym n nw its alwyz white pipo r crookz they dd tht coz they new nw malawians r ready to sale their cash crops mostly z Tobacco so they planning to buy 10cents per kg in the name of Kwacha no power on international market thts hw they alwy robb famerss

  18. Mmmmmm vuto amalawi tulo tidakagonabe kuli ziiiii no action taken against this so called DPP fake failing regime until we buy a bread at K1000 then we will act ..