Month: January 2024 Posts

ECAMA tells government to focus on Trade, not Aid

Jan 11, 2024 Malawi News Agency (MANA) 0 &

Economics Association of Malawi (ECAMA) says Malawi government should take a bold step towards focusing on promoting trade, and not aid, to ensure the economy is transformed and earns more forex for the country. This… ...

Malawi economy on recovery path, says Finance Minister

Jan 10, 2024 Malawi News Agency (MANA) 0 &

Minister of Finance and Economic Affairs Simplex Chithyola-Banda says government is committed to ensuring that the economy fully recovers from the shocks experienced in 2022 and 2023. Speaking on Wednesday at Bingu International Convention Centre… ...

Ministry of Finance embarks on Pre-budget consultative meetings

Jan 08, 2024 Malawi News Agency (MANA) 0 &

The Minister of Finance and Economic Affairs Simplex Chithyola-Banda says the budget remains an important tool in fostering economic prosperity and eradicating poverty especially now that the economy is experiencing various challenges. Speaking on Monday… ...

Parliament approves 4.3 trillion kwacha budget

Dec 04, 2023 Mphatso Khutcha Richard 0 &

Parliament of Malawi has today passed the 4.3 trillion Malawi kwacha mid-year budget as presented by Minister of Finance Simplex Chithyola Banda in the House last month. Members in the House had  a continuous deliberation… ...

We will carefully implement expenditure control measures, says Chithyola

Dec 02, 2023 Malawi News Agency (MANA) 0 &

Minister of Finance and Economic Affairs, Simplex Chithyola Banda says the government will carefully implement expenditure control measures to avoid compromising social service delivery and prevent creation of arrears. The minister was speaking in Parliament… ...

Malawi’s diaspora remittances drop in 2023

Dec 01, 2023 Malawi24 Reporter 0 &

Remittances to Malawi from people in the diaspora have  dropped from US$300 million (about K510 million) in 2021 to US$115 million (about K200 million) in the first nine months of 2023. This is the money… ...

Minister of Finance hails African Development Bank for continued support to Malawi

Nov 23, 2023 Chikondi Daza 0 &

The Malawi Government through the Minister of Finance has hailed the African Development Bank (AfDB) for its continued support to Malawi as the country seeks to recover from economic hardships. Minister responsible, Simplex Chithyola-Banda said… ...