economy Archives

Chakwera limits foreign trips to three for remainder of 2022

Jun 01, 2022 Mike Kalumbi 0 &

The President of Malawi, Lazarus Chakwera, yesterday outlined measures aimed at controlling the use of funds in government. The measures include restrictions on foreign trips for all government officials for the period between June and… ...

Bushiri: My Goshen City project is a game changer

May 31, 2022 Martha Chikoti 0 &

Prophet Shepherd Bushiri has officially unveiled his Mangochi Goshen City project today in Lilongwe which he says will create 100,000 jobs. Goshen City is a futuristic, commercial, tourist Smart City located in Malawi with administratively… ...

Optichem hikes fertilizer prices

May 30, 2022 Malawi24 Reporter 0 &

New prices Optichem (2000) Limited has increased prices of fertilizer effective on the 30th May, 2022, following the 25% devaluation of Kwacha that happened on the 27th May, 2020. According to communication Malawi24 has seen,… ...

DPP wants referendum in Malawi

May 30, 2022 Russell Kondowe 1 &

Democratic Progressive Party (DPP) says the Lazarus Chakwera administration should call for a referendum in order to ascertain if Malawians still have trust in the current administration. DPP officials held a press conference in Lilongwe… ...

With the cost of living on the rise, prices of Sugar in Malawi have also peaked in recent years to the extent that very few can afford the product.

Caanan wa Nyooo: Illovo hikes sugar prices

May 30, 2022 Lyonike Mughogho 1 &

Illovo Sugar Company has hiked prices of their products, barely a few days after the local currency lost value by 25%. According to a statement issued by Illovo, the new prices are effective today, 30th… ...

Kwacha yada

May 26, 2022 Malawi24 Reporter 0 &

Kwacha aithyola kholingo, aikang’antha, aichotsa chimbenene, aikong’ontha, aichosa mphamvu. Banki yaikulu ya Reserve yanena lero kuti yachepetsa mphamvu ndalama ya Kwacha ndi ma pelesenti 25. Izi zikutanthauza kuti wani dollar ya ku America yomwe lero… ...

Struggling Chakwera government goes for a 25% devaluation of Kwacha…what does it mean for you?

May 26, 2022 Mike J. Kangwele 1 &

…Your MK500 now has the value of MK375 Amid an economic downturn that has seen the shortage of essentials as well as price hikes, the Reserve Bank of Malawi has announced an unprecedented 25% devaluation… ...