economy Archives

Mutharika: Malawi on the verge of collapse, Joyce Banda’s cashgate left nothing at treasury

Dec 08, 2015 Aubrey Makina 267 &

Malawi President Peter Mutharika has declared Malawi a country that is on the edge of collapse while naming Joyce Banda as the engineer of the current economic crisis. In an interview with BBC Hard… ...

Exclusive: Thousands of Malawi civil servants to face the sack

Nov 30, 2015 Happy Arnold Soko 125 &

Following the economic meltdown the country is going through, the Malawi Government under Democratic Progressive Party (DPP) administration will start retrenching thousands of civil servants next year as part of its strategy to reduce ballooning… ...

World Bank gives Malawi MK 6 Billion

Nov 29, 2015 Martha Chikoti 15 &

The World Bank has donated about K6 billion to be used under Malawi Social Action Fund (MASAF) 4 project which will support Malawians in the country through development projects. The program has targeted 360 households… ...

Malawi Government fails to pay water bills at Zomba Central Hospital

Nov 22, 2015 Grecium Gama 137 &

As public hospitals in Malawi continue to dance to undying economic woes the country is sailing through, fresh reports show that the Southern Region Water Board has disconnected water at Zomba Central Hospital due to… ...

Fraud: Rumphi council uses CDF to settle loans

Nov 21, 2015 Thula Chisamba 10 &

At a time when district councils in the Malawi continue to get underfunded, reports indicate that Rumphi district council has used constituency development funds (CDF) amounting to about 4.2 million Kwacha to pay for a… ...

Malawi government can’t do without donors!

Nov 19, 2015 Happy Arnold Soko 72 &

Malawi government is expected to collapse once it finishes using the foreign exchange it had stored in its reserve if donors fail to resume with aid by end of this year. In June this year,… ...

Malawi government to trim down budgets for district councils

Nov 15, 2015 Thula Chisamba 25 &

As Malawi continues to swim through hot waters due to economic woes, this publication can reveal that government has plans to trim down funds it apportions to district councils across the country. A Source within… ...