economy Archives

Expert warns govt against too much borrowing

Feb 07, 2016 Victoria Milanzi 14 &

An economic expert in the country has said that too much borrowing by the Malawi government will not strengthen fiscal and monetary policies. The economist, Ben Kalua who is a professor of economics at Chancellor… ...

Chinese businessman held for tax evasion

Feb 03, 2016 Mwayi Mkandawire 7 &

The Malawi Revenue Authority (MRA), last week seized bales of Zitenje belonging to a Chinese businessman who had attempted to evade tax. According to the tax collector, officials intercepted a truck carrying 357 bales of… ...

Malawi kwacha rated world’s worst performing currency

Jan 27, 2016 Kondwani Mkhalipi-Manyungwa 399 &

A report by international financial experts reveals that the Malawi Kwacha has lost about 35% of its value under the leadership of President Peter Mutharika, pinning it one of the worst currencies in Africa. The… ...

Malawian man nabbed for possessing fake South African Rands

Jan 20, 2016 Thula Chisamba 100 &

A Malawian man identified as 48 year-old Kavwamtima Manda has been arrested by the Malawi Police in Nkhatabay on charges of possessing fake South African currency amounting to about 600 Rands. Gathered information shows that… ...

‘Malawi needs divine intervention’

Jan 18, 2016 Happy Arnold Soko 13 &

Deputy General Secretary of the CCAP Blantyre Synod reverend Moyenda Kanjerwa says Malawi needs divine intervention to get out of the current economic malaise. Kanjerwa who also ministers at Thawira Church made the remarks when… ...

Government faulted for snubbing local experts’ advice

Jan 18, 2016 Victoria Milanzi 3 &

One of Malawi’s economic commentators, Nelson Mkandawire, has expressed concern over the failure of government to take heed of advice from the country’s economic experts. Mkandawire was commenting on the closure of 20 People's Trading… ...

‘Malawi’s economy is in God’s hands’

Jan 17, 2016 Thula Chisamba 303 &

Minister of finance and economic affairs Goodall Gondwe has claimed that the future of economic stability in the country is in the hands of God. In an interview with Malawi24, Gondwe emphatically maintained that without… ...