economy Archives

Malawi can reach the level of Dubai in 10 years — Atupele

Jun 12, 2023 Malawi24 Reporter 0 &

Former United Democratic Front (UDF) president Atupele Muluzi says Malawi is rich and with good leadership the country can reach the level of Dubai, Kuwait or Qatar within 10 years. Muluzi made the remarks at… ...

Malawi has no forex, says Reserve Bank

Jun 09, 2023 Russell Kondowe 0 &

The Reserve Bank of Malawi (RBM) says Malawi has run out of foreign exchange reserves. RBM spokesperson Ralph Tseka has confirmed the dire economic situation in an interview with local media. Tseka said government has… ...

US ambassador urges Malawi to devalue Kwacha against Dollar

Jun 06, 2023 Russell Kondowe 0 &

…It will be good for the country and its economy United States Ambassador to Malawi David Young has called on Malawi Government to devalue the Kwacha as one way of dealing with forex issues and… ...

CDEDI seeks clarity on sugar production, pricing

Jun 06, 2023 Martha Chikoti 0 &

While Illovo sugar company has opposed issuance of sugar import license, the Centre for Democracy and Economic Development Initiatives (CDEDI) has written the Public Accounts Committee (PAC) of Parliament and the Parliamentary Committee on Trade… ...

Samalani mbatatayo ndi dilu – watelo katswiri wa zaulimi

Jun 06, 2023 Archangel Nzangaya 0 &

Pamene anthu m’dziko muno akuchita nthabwala ndi kuchuluka kwa mbatata ya kholowa yomwe siyinasiye malo, katswiri wina wa zaulimi walangiza anthu komaso alimi kuti asamale kwambiri chakudyachi. Kwa ka nthawi tsopano, anthu ochuluka m’dziko muno… ...

Individual investments, savings crucial for national development —expert

Jun 02, 2023 Archangel Nzangaya 0 &

A South African financial expert has encouraged Malawians to embrace a saving and investing culture, saying such a culture contributes a lot to national development. John Manyike, Old Mutual Group Head of Financial Education, was… ...

World Bank gives Malawi K270 billion

Jun 02, 2023 Russell Kondowe 0 &

The World Bank has approved $265 million (about K270 billion) support for Malawi to be used for establishment of six irrigation schemes and for supporting an additional 560 productive alliances that target more than 112,000… ...