forex Archives

Malawi has diesel enough for 14 days, says NOCMA

Mar 17, 2023 Malawi24 Reporter 0 &

Malawi is running low on diesel as the National Oil Company of Malawi (NOCMA) says the current stock of diesel can only last 14 days. Speaking when he appeared before the parliamentary cluster on Natural… ...

Fresh fuel shortage hits Malawi

Mar 06, 2023 Russell Kondowe 0 &

Shortage of fuel has once again hit Malawi. In Blantyre and Zomba cities, long queues were observed at several filling stations on Monday. Motorists were also moving from one filling station to another in search… ...

Malawi seeks to generate forex by selling carbon credits

Feb 20, 2023 Malawi24 Reporter 0 &

President Lazarus Chakwera says Malawi wants to be producing 5 million carbon credits per year which could be sold to mobilize up to 100 million dollars (about K104 billion) and support more than 250,000 jobs.… ...

Forex challenges still disrupting fuel supply in Malawi

Nov 05, 2022 Mwayi Mkandawire 0 &

Malawi Energy Regulatory Authority (MERA) says lack of forex remains the cause of the fuel crisis the country is facing. MERA said this in a statement yesterday as the fuel crisis in Malawi continues to… ...

Malawi to get funds from IMF

Oct 19, 2022 Malawi24 Reporter 0 &

The International Monetary Fund (IMF) has approved Malawi's request for a Rapid Credit Facility (RPD) ) which will help the country deal with forex challenges. The Lazarus Chakwera administration has been struggling to get funds… ...

Forex shortage: Castel suspends production of Malawi Gin

Oct 07, 2022 Malawi24 Reporter 1 &

Castel has suspended the production of Malawi Gin, Premier Brandy and Malawi Vodka due to a shortage of forex in the country. The company has announced this today in a statement. "Castel Malawi has temporarily… ...

Chakwera’s personal aides flaunt dollars

Oct 06, 2022 Russell Kondowe 0 &

President Lazarus Chakwera’s senior advisors have flaunted United States Dollars on social media as Malawi continues to struggle to secure forex for imports. In an image shared widely on social media, the two aides are… ...