Month: March 2018 Posts

Govt against using foreign currencies in local transactions

Mar 01, 2018 Bright Malenga 9 &

Malawi Government through Ministry of Finance has warned against using foreign currencies in local transactions saying the practise is illegal. According to a statement signed by Secretary to Treasury Ben Botolo, the act is against… ...

Govt planning to reduce domestic debt

Feb 17, 2018 Bright Malenga 0 &

Malawi government has said it wants to reduce domestic debt from current 25 percent of Gross Domestic Product (GDP) to internationally recognised 20 percent of GDP in three years. The sentiments were made by Minister… ...

Gondwe spells out measures to cut spending

Feb 17, 2018 Bright Malenga 10 &

Minister of Finance Goodall Gondwe has revealed measures which government has put in place to cut spending. When he was presenting midyear budget review in Parliament on Friday, Gondwe said the measures include a reduction… ...

Dausi receives ex-MYP benefits

Jan 25, 2018 Malawi24 Reporter 31 &

Minister of Information and Communications Technology Nicholas Dausi has been named as one of former Malawi Young Pioneers (MYPs) who have already been paid their terminal benefits. Dausi who is a ruling Democratic Progressive Party… ...

Dedza chiefs want tax on soap removed

Jan 18, 2018 Luke Bisani 35 &

Chiefs in Dedza have called for the removal of tax on soap saying Malawians in rural areas cannot afford the item due to its high price. Senior Chief Kachindamoto of Dedza has asked government through… ...

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… ...

Govt makes U-turn on MK5,000 note

Nov 09, 2017 Bright Malenga 231 &

Malawi Government through Ministry of Finance says it has no plans to introduce a K5000 banknote. Finance Minister Goodall Gondwe earlier this week told the local media that his ministry was pushing for the introduction… ...