Month: November 2023 Posts

Govt asked to name gains of previous 25 percent devaluation

Nov 15, 2023 Martha Chikoti 0 &

As authorities are struggling to justify the current 44 percent devaluation, Centre for Democracy and Economic Development Initiatives (CDEDI) has challenged Finance and Economic Affairs Minister Simplex Chithyola-Banda to provide documentary evidence, complete with figures,… ...

Chakwera akubwera lero

Nov 14, 2023 Archangel Nzangaya 0 &

Mukaona mbendera petupetu, magetsi waliwali komaso apolisi atayima m'misewu, dziwani tate wa dziko lino wafika kuchokera kunja; a Lazarus Chakwera akubwera lero komatu apeza zinthu zambiri zakwera mtengo. Kapena a Chakwera abwera ndi mayankho? A… ...

Musazinyenge, Kwacha ilibe mphamvu olo pang’ono – nduna ya zachuma

Nov 13, 2023 Mwayi Mkandawire 0 &

Nduna yowona za chuma a Simplex Chithyola Banda yati anthu ku Malawi kuno asamazinyenge kuti Kwacha inali ndi mphamvu isanagwetsedwe posachedwapa popeza ndalamayi ilibe mphamvu olo pang’ono. A Chithyola amayankhula izi lero ku BICC ku… ...

Malawi Finance Minister says Kwacha was overvalued

Nov 13, 2023 Chikondi Daza 0 &

Minister of Finance Simplex Chithyola-Banda has backed the decision to devalue the Malawi Kwacha saying the Malawian currency was overvalued and this was affecting the country’s economy. Minister responsible, Simplex Chithyola-Banda said this at Bingu… ...

Mkango Mines set to process rare earth stones

Nov 12, 2023 Malawi News Agency (MANA) 0 &

Mkango Mines in Phalombe is expected to construct a chemical plant at Songwe Hill that would be processing rare earths stones into a finished product before exporting it. Speaking in an interview on Friday after… ...

Chilima asks economists to provide economic recovery strategies

Nov 11, 2023 Malawi24 Reporter 0 &

Vice President Saulos Chilima has asked economists in the country to come up with solutions in order to deal with the economic challenges facing the country. Chilima said this during the opening of a two-… ...

Devaluation effects: South African Airways suspend air ticket sales In Malawi

Nov 10, 2023 Archangel Nzangaya 0 &

As companies in the business sector continue to respond to the devaluation of the Malawian Kwacha by 44 percent against the USD, South African Airways (SAA) has suspended all air ticket sales in Malawi. The… ...