economic crisis Archives

Malawi failing to survive without aid

Oct 12, 2015 Kondwani Mkhalipi-Manyungwa 38 &

As Malawi's economy crumbles, the country has again been pinned among worst performers in Africa by one of the continent’s highly rated publications, Mail and Guardian. The publication adds weight on calls for donors to… ...

Consumer rights body wants NBS Bank to compensate customers

Oct 08, 2015 Luke Bisani 18 &

The Consumers Association of Malawi (CAMA ) has demanded a compensation from New Building Society (NBS) Bank following a system crash that has led suspension of bank transactions. Information that Malawi24 has, indicates that NBS… ...

Malawi financial meltdown: NBS Bank close down

Oct 07, 2015 Aubrey Makina 7 &

The financial difficulties that the country is going through continue to rear their head. After the government of President Peter Mutharika rescinded on its decision to hire medical professionals owing to its lack of money,… ...

Malawi in troubled waters – IMF

Oct 01, 2015 Kondwani Mkhalipi-Manyungwa 125 &

The International Monetary Fund (IMF) has said measures that President Peter Mutharika and his administration adopted soon after being sworn in as president are not working and will leave Malawi in desolate if not urgently… ...