malawi economy Archives

RBM introduces alert system to curb cashgate

Jan 13, 2018 Luke Bisani 14 &

In a move to ensure that public funds are safe, the Reserve Bank of Malawi (RBM) has launched an alert system of government payment transactions. The High Value Alert system will be sending notifications of… ...

No more money from US to Malawi energy sector

Jan 11, 2018 Malawi24 Reporter 60 &

The struggling Malawi energy sector gets another blow. The second round of US funding to Malawi under the Millennium Challenge Compact (MCC) has not been granted. A December 2017 meeting of the MCC Board of… ...

Chuma chikuyenda bwino, onani galimoto zonsezi – Mutharika

Jan 05, 2018 Kondwani Mkhalipi-Manyungwa 117 &

Ngakhale Atoti Manje anadandaula kuti pa galimoto zonse zili mdziko muno palibepo olo imodzi ya m’bale wawo, Mtsogoleri wa dziko lino a Peter Mutharika wati a Malawi moyo wawo ukuyenda bwino kamba koti mu dziko… ...

Population growth, low school enrolment hamper Malawi’s development

Dec 29, 2017 Lyonike Mughogho 3 &

Malawi's development endeavours are yielding low due to an alarming population growth and low school enrolment at primary and secondary levels, the World Bank says. The country is struggling to satisfy the aforementioned indicators of… ...

Where is Malawi missing it?

Dec 19, 2017 Bright Malenga 134 &

For every country to grow socially and economically, it needs good road networks as is happening in other African countries such as Uganda. However, the case is not the same with the country, Malawi where… ...

Malawi fuel prices maintained

Dec 13, 2017 Archangel Nzangaya 8 &

The Malawi Energy Regulatory Authority (MERA) has maintained prices of petrol, diesel and paraffin. This is according to MERA's press statement dated December 8 and signed by its Chief Executive Officer Collins Magalasi. Petrol still… ...

Govt refuses to ban importation of vegetables

Dec 08, 2017 Malawi24 Reporter 40 &

Government has refused to ban importation of vegetables by big retail shops. Minister of Agriculture, Irrigation and Water Development Joseph Mwanamvekha told Parliament that government can only impose punitive taxes on imported vegetables. Ntcheu North… ...

Malawi debt hits K2.5 trillion

Dec 06, 2017 Richard Jimu 70 &

The Malawi government has up to K2.5 trillion public debt to settle, at a time the nation is sailing through troubled waters. However Finance Minister in his speech in Parliament on Tuesday was upbeat the… ...

Malawi up 23 places in doing business rankings

Nov 02, 2017 Martha Chikoti 20 &

Malawi has moved by 23 places in the doing business rankings released by the World Bank. According to Doing Business 2018 Reforming to Create Jobs, Malawi has jumped from position 133 last year to 110… ...

IBAM wants indigenous friendly policies

Aug 01, 2017 Martha Chikoti 0 &

The Indigenous Businesspersons Association of Malawi (IBAM) has asked government to introduce policies that are in favour of indigenous Malawians to boost the country's economy. This has been voiced out by the association’s president Mike… ...

Craftsman decry lack of buyers

Jul 24, 2017 Bright Malenga 9 &

A craftsman has expressed concern over shortage of buyers for his products in Nkhotakota district. Malawi24 caught up with one the crafts sellers who said there is low demand for the artworks in the district.… ...

Chief condemns govt over niobium mining

Jul 12, 2017 Bright Malenga 15 &

Senior Chief Mabilabo of Mzimba has faulted plans to continue mining niobium in Kanyika area when authorities are yet to address people’s concerns over the mining activities. Senior Chief Mabilabo condemned the miners over their… ...

A thumb up for Peter: Lending rate cut gets praise

Jul 07, 2017 Luke Bisani 56 &

An economic expert has applauded the Reserve Bank of Malawi (RBM) for slashing the lending rate to 18 percent effective Wednesday this week. Economic expert Ben Kalua disclosed that Malawi has been waiting to get… ...

Economic recovery on track: interest rate to go down

Jul 06, 2017 Luke Bisani 11 &

The outcry on Malawi having the highest lending rates has been calmed as the Reserve Bank of Malawi (RBM) has slashed the rate by 4 percent. The rate has been reduced to 18 percent, the… ...

Minibus fares bite hard: passengers left crying

Jul 05, 2017 Lyonike Mughogho 2 &

Malawians have expressed concern over the rise in minibus charges that has been recently agreed upon by minibus drivers. This comes in the aftermath of road traffic police's failure to soften stiff regulations it introduced… ...