Fare Thee Well Blackouts: APM Opens 60 Megawatts Solar Plant Construction

Fare Thee Well Blackouts: APM Opens 60 Megawatts Solar Plant Construction

President Professor Peter Mutharika has said that policies and steps which his government has taken to allow energy mix and private sector to participate in power generation will end power blackouts in the near future. Mutharika was speaking on Monday when he launched the construction of 60 megawatts solar plant by JCM Matswana Solar Energy […]

A PATH TO INDUSTRISALISATION–CREATING NEW WEALTH: APM Ending Poverty Through Creation of MAIIC

A PATH TO INDUSTRISALISATION–CREATING  NEW WEALTH: APM Ending Poverty Through Creation of MAIIC

Speech by State President Peter Mutharika (As he launched the Malawi Agricultural and Industrial Investment Corporation on 28 November) As I begin, I want to thank everyone who participated in the formation of the Malawi Agricultural and Industrial Investment Corporation. It is a fulfilment of our long-cherished dream. I know public service officials who worked […]

LWB Spends K1.6 Billion On Prepaid, Over 2,000 Meters Installed

LWB Spends K1.6 Billion On Prepaid, Over 2,000 Meters Installed

Lilongwe Water Board (LWB) says it has so far spent K1.6 billion on its innovative prepaid metering system which is aimed at enhancing revenue collection and eradicate illegal water usage by simplifying water supply services. LWB is implementing the prepaid metering system using its own resources. The Board has spent K1.6 billion to procure 9,280 […]

Spearheading Private Sector Development: APM To Launch Malawi Agricultural and Industrial Corporation (MAIIC)

Spearheading Private Sector Development: APM To Launch Malawi Agricultural and Industrial Corporation (MAIIC)

Malawi leader Professor Arthur Peter Mutharika will on Wednesday November 28 launch the Malawi Agricultural and Industrial Investment Corporation (MAIIC) at the Bingu wa Mutharika International Convention Centre (BICC) in Lilongwe. MAIIC is a Government initiated but private sector led development finance entity that has been created to bridge the financing gaps in Malawi’s financial […]

TNM Supports Gogo Chatinkha Students Sanitation Initiative

TNM Supports Gogo Chatinkha Students Sanitation Initiative

Malawi’s integrated ICT company Telekom Networks Malawi PLC on Thursday joined the Kamuzu College of Nursing Students on a drive to improve sanitation at the Gogo Chatinkha Labour ward, at Queen Elizabeth Central Hospital in Blantyre through a donation of assorted items. Speaking when he formally handed over the donation, TNM’s Head of Marketing Sobhuza […]

Airtel Malawi Turns 26 Customers Into Millionaires

Airtel Malawi Turns 26 Customers Into Millionaires

Airtel Malawi has expressed satisfaction with the ongoing Bandulo Bandulo promotion, saying so far it has made 26 of its customers overnight millionaires. Airtel Malawi Senior Zone Business Manager, Leslie Tsilizani said since the inception of the competition in August, the company has received tremendous support from its customers. “From the commencement of the promotion, […]

FIVE OUT OF FIVE: IMF’S POSITIVE REVIEWS OF APM’S ECONOMIC PERFORMANCE IN 2018

FIVE OUT OF FIVE: IMF’S POSITIVE REVIEWS OF APM’S ECONOMIC PERFORMANCE IN 2018

November 21, 2018 IMF says Malawi’s program performance has been satisfactory, most criteria met and “significant overperformance”registered in some areas such as international reserves October 4, 2018:  IMF predicts economic growth of 4 percent in 2019, followed by a rise to 6-7 percent over the medium term. May 9,  2018: IMF says Malawi’s economy has […]

Malawi’s Fuel Price Below Global Average

Malawi’s Fuel Price Below Global Average

Malawi’s fuel prices are lower than the average of global prices in the period between August and November, a global patrol price portal has shown. According to the https://www.globalpetrolprices.com/gasoline_prices/, the average value for Malawi during that period was 908.77 Malawian Kwacha with a minimum of 888.00 Malawian Kwacha on 13-Aug-2018 and a maximum of 932.50 […]

The Bigger Picture Of The Economy: IMF Says Malawi Has Overperformed, Approves US$15.4million Disbursement

The Bigger Picture Of The Economy: IMF Says Malawi Has Overperformed, Approves US$15.4million Disbursement

The IMF has given another positive rating to Malawi’s performance under its Extended Credit Facility programme, approving a US$15.4 million disbursement. In a statement dated November 21, Deputy Managing Directot and Acting chair of the IMF Board Tao Zhang commended Malawi’s economic performance. He said Malawi has actually overperformed in some areas. “Malawi’s program performance […]