Mutharika happy with state of economy

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President Peter Mutharika has said Malawi’s economy is now improving following a good harvest this year.

Mutharika made the remarks during the official opening of 2017/2018 budget session at Parliament Building in Malawi’s capital city, Lilongwe.

Peter Mutharika

Mutharika: Happy that Malawi’s economy is recovering

According to Mutharika, the economy of Malawi is returning on the wheels of recovery after a slump caused by drought that hit the country in the past two years.

“Mr Speaker Sir, I can see that the economy is returning the wheels of recovery. I am determined to ensure that our economy grows and it will. World Bank and International Monetary Fund (IMF) agreed that we are on the right path.

“The country was recently faced with a number of challenges which included prolonged dry spells and floods which contributed to negative growth in agricultural production.

“In this year 2017, the economy is showing signs of recovery. Therefore projecting the approximated growth rate between 5 and 6 percent. This is the result of good harvests due to good rains and anticipated good performance in manufacturing, wholesale and retail sectors,” Mutharika said.

He added that the stability of Kwacha witnessed in the past year is expected to continue this year. According to Mutharika, strong fiscal management led to the stability of Kwacha in 2016 and it is anticipated that the situation will remain the same in this year 2017.

On annual rate inflation, Mutharika said the rate has been declining steadily in recent months reaching 15.8 percent as of the end of March 2017.

According to the president, this is the lowest level of inflation recorded in recent years and it will help in reducing prices of things such as food and fuel across the country.

Mutharika also said the good rains that the country had in the recent rainy season contributed to microeconomic development.

“On my part, I thank God the almighty for the good rains that has contributed to micro-economic development,” he said.

Meanwhile, the World Bank has resumed budgetary support to Malawi, a development Mutharika described as a sign that the country’s economy is improving.

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86 Comments

  1. Fooooooolish ⚠ ⚠ ⚠ following good harvest as if he is the one who bought farm inputs for farmers futseki headless leader close your stinky mouth you’re talking no sense

  2. Palibe choti munthu oganiza kapena Mmalawi ndikuyamikapo apa.Taganizani Sugar sakupeza,maphunzitsi ena sanalandile ndalama zawo mwazina,tsopano chomakhala ndikumaomba mmanja ndichani?.Ziko lathu limanena zinthu zoti sizimasintha zinthu mkomwe.Tiyeni tione zachuma chimene akuti chiyenda bwino chifukwa chazimene papeza museason ino,palibe chomwe chisinthe,nkhani ndikufuna kubera osauka zomwe apeza.Tipemphe atsogoleri anthu azinena zomwedi zikathekadi zitha kutithandiza osati za ndolo-ndolo ayi.

  3. Siyani kudalira boma kuchilichonse.gwilani ntchito ndimanja anu kuti mupange tsogolo la ana anu palibe mtsogoleri amene azakwanitsa kusamala wina aliyense khomo ndi khomo. Komanso enanu mukungoti misonkho mumapanga chani choti boma lingakuduleni mtsonkho geni yamaunguyo kapena mukuyankhulira anthu ena

  4. So what does He want to do ? I thought you will next come and say am asking all church leaders including me to pray and give thanks to Holy God of heaven Jehovah Raphah for blessing . Tell him to read the story of Joseph in Egypt , not just being happy and

  5. AMALAWI!! Ine ndithokoze kwambiri MULUNGU POMVA KULIRA NDI MAPEMPHERO AMENE AMALAWI AZIPEMBEDZO ZOSIYANA-SIYANA ADAFUULA KWA MPHAMBE NAMALENGA WAKU MWAMBA NDI DZIKO LAPANSI: Ndiye poti MULUNGU WAYANKHA CHAKUDYA M’DZIKO CHILIMO, NDI BWINO TSONO A STATE PRESIDENT AITANE MIPINGO {ZIPEMBEDZO) ZONSE PAKHALE MAYAMIKO KWA YEHOVA: CHIFUKWA NDIKUMBUKILA INE KUTI NDI A STATE PRESIDENT OMWEWA ADAPEMPHA ATSOGOLERI ADZIPEMBEZO KUTI APEMPHE MVULA KWA YEHOVA,DZIKOLI LITAKHALA PA CHILALA KWA DZAKA ZIWIRI: INDE ATHOKOZA MULUNGU M’NYUMBA YA MALAMULO KAAMBA KA ZOKOLOLA ZABWINO,ZOMWE ZIKUONETSA KALODZERA WA CHUMA {MALAWI’S-ECONOMY} KUTI MWINA NKUTHEKA KUBWELERA M’MALO DZIKO LATHU: KOMA PAFUNIKA MAPEMPHERO PA ZONSEZI!! INE MONGA NDILI M’BUSA NDAKHALA NDIKUMVA NDIPONSO KUWELENGA NKHANI ZA KATANGALE,CASH-GATE,MAIZE-GATE NDI ZINA ZOTELEZO; KOMATU ZONSEZO KUTI ZICHEPE MANKHWALA ACHOKE KWA YEHOVA POCHOTSA CHIMZIMU CHONYANSACHO!! A POLICE, ACB, MAKHOTI SAACHITHA KOMA YEHOVA YEKHA BASI!! {GENESIS 18:14} KODI CHILIPO CHOMULAKA YEHOVA?

  6. Kkkkkk, Koma Guyz Ameneyi Fodya Kapena Mowa?, Moti Mungamanene Kut Chuma Chikuyenda Bwino, Pomwe Katundu Akudula, Tangoganizani Suga K1000 Pa 1kg, Kodi Munthu Wakumuzi Akumwa Tea, Inde Inu Ndi Anthu Achuma Koma Mukhale Anthu Woopa Mulungu,

  7. Ndiye Malawi ameneyo, kukangocha ndiye kuti kwachera kukhoma misonkho. Ndimoni ndi makofi zomwe zilibe VAT pa Malawi. Unemployment ndiye nanji, didakatchulidwabe ma monkeyz. Kuombera manja zinthu zautsiru

  8. I wish aliyense azikhoma msonkho, tizimva kuwawa tonse. Chifukwa ichi ndichibwana, ukakhala pamsana pa njobvu osati kunja kulibe mame. The war z at your door my friend u will dance.

  9. This APM is sick, how can he say he is happy bcoz of bumper yields yet his govt contributed nothing to poor malawians, do u know how people struggled to have these harvest!!! WE NEED FOR CHANGE, this president is going insane

  10. Anthu inu tamayamikani mkoni kuma gonyoza basi inu, kapena abambo anu, agakwanitse Kuyendetsa dziko? Munalemelako liti kubwela udf kulira kubwela dpp mulibuuu kubwela pp uphawi okha okha gati mukusauka opusa ndi inu mmadalira boma kuti likupagireni chithu, panokha mukulephela. Ngati enanu mukulephera kusamala mabanja anu ndiye dziko? Muzifunse vuto lanu ndichiyani dziko lomwelino enafe tikumva kukoma. Saje ndi kaduka musiye, mupemphe mzeru kwa mulungu kuti akupatse chuma.

  11. Africa must start to Give that Presidency post to Those with people at heart not those with connections to former presidents pls im begging you

  12. amagniza ameneyu kma? copon imodzi anthu awiri mpaka kufika poima pachulu mkumati chakudya chilipo? Ungalimire ndowa imodzi ya fertilizer pa munda wako? kukolola kwa anthu sikuti iweyo wachitapo kanthu ayi kma mphavu ya Yehova bas osati ma nonsese ukambawo bwera uzawone kuno ndipomwe udziwe kuti anthu akuvutikadi mxiiiiiii Mbuziiiii!!!

  13. Abwana zokolola inde ziliko koma umphawi suzatha pa malawi, munthu akugulitsa chimanga K50 sono kuti akagule zosowa paumoyo wake ayenela kugulitsa matumba ambiri,komanso kugulitsa matumba 8 achimanga ndiye kuti ukagula thumba limozi la feteleza zimene sizabwino ayi .

  14. Mumuuze namng’omba yo atseke mulomo wake. Mesa wati chaka chino kulibe kuonjezera malipiro a ogwira ntchito m’boma chifukwa chuma sichikuyenda bwino.

  15. Stupid,,,, he has Barned exporting harvest as a result prices have lowered and he z happy,,is he happy that we Gona remain poor because of his selfish policies,, I prefer free trade,,I don’t get subsidies I therefore have the right to sell my commodities wherever I want,,,so don’t tell me the economy is improving coz when it does nobody will have to tell me so,,,,,,,

    • You are not far from truth bro.this nikka might have gone mad.stop maize from exportation its like killing farmers who deeped in to buy the expensive fertilyza.#stupid_policies.he is too selfish.

  16. Really? haven’t you gone crazy? do you remember the price of maize of which you declined to drop it down and fertilizer and today it is your sweetest speech to tell the nation, ndi chifukwa chake mukutukwanidwa, if I were you I would have first think what was the contributions of the gvmt towards that bumper yields.

  17. wakhuta tizakudya tonona tomwe tikumamugulila ndi misonkho yathu.ndi mkona akuona ngati ndalama ilibwino sinanga sakugula akungodya ndi kuvala zaulele. koma nthawi izakwana he will step out of this glory.ndipomwe azakumbukile kuti chibwana chimalanda. nthawi ino njawo akuyenera akhale madolo basi koma turn yathu ikazangofika, aah

  18. Mbuzi Yamunthu Zilibwino Kwa Iyeyo Ndimkazake Nseula0 K70 Mlimi Akulila, Anthu Apantchito Sanaonjezeledwe, Katundu Ndiokwela Mtengo,musiyeni Azibwebweta Aziona.

  19. He must be the most selfish, how can he be happy with all this suffering in malawi?? Just because he is surviving on donor’s n tax payer’s money he thinks everything is thus with every malawian?? Guys be serious

  20. This Guy is a foreigner etiiii, ife Malawi timamudziwatu January to December, May to October thawi zonse ka economy kamakhalako khasako sinanga anthu akolora, this man has no planB

  21. Angasangalaledi nanga iwo akuvutika or amakhomela msonkho yitali yitali atikhomelela osawukafe,,,,adzamva kuwawa akadzakhala Ku opposition