President Banda’s announcement that Malawi will devalue the kwacha has created panic and experts say it could lead to double devaluation fuelled by speculation on the parallel foreign exchange market. In an interview with Bloomberg, the Malawi President Banda said the donor community is ready to resume their aid to Malawi but is waiting for [...]
Property owners in the city of Lilongwe owe the Lilongwe City Council K5 billion in unpaid city rates, denying the authority substantial resources it could have used in the development and provision services in the city. The council has since offered relief to rate payers with outstanding debt by offering them an opportunity to pay [...]
Malawi’s tobacco production has decreased this season by 67.1 per cent in the Malawi’s main tobacco district Kasungu, authorities have said. Kasungu Agricultural Development District (ADD) program manager, Mandy Bodzalekani has confirmed that the agricultural division expects to produce 22 million kilograms of tobacco this season down from 67 million kilograms for the last season. [...]
South Africa agreed on Friday to loan Malawi nearly R270-million to ease crippling fuel shortages, in a show of confidence in the new government of President Joyce Banda. The announcement in South Africa came during Banda’s first visit abroad since taking office two days after president Bingu wa Mutharika died following a heart attack on [...]
Malawi plans to devalue its currency by 40 percent to meet conditions set by the International Monetary Fund and unlock blocked aid, President Joyce Banda said. The government has resumed relations with the U.K. and held talks with the IMF, World Bank and U.S. after the death of Bingu wa Mutharika, the leader who clashed [...]
The head of the African Development Bank said on Sunday he is willing to provide $45-million in budget financing for Malawi to help new President Joyce Banda revive the struggling economy. Speaking after meetings of the International Monetary Fund and World Bank in Washington, African Development Bank President Donald Kaberuka told Reuters he was determined [...]
The Reserve Bank of Malawi (RBM) will soon embark on an extensive country wide awareness campaign to educate the public on the appearance of the new bank notes it intends to introduce. RBM wants to introduce new Malawi Kwacha series this year with notes in the denominations of K20, K50, K100, K200, K500 and new [...]
The donation of fuel from Zambia is not a donationation after as Zambia’s Minister of Energy, Christopher Yaluma said Malawi government will have to pay for that country’s fuel ‘assistance’ as quoated in Lusaka times . It was recently reported that Zambia has donated 5 million liters of fuel that will help ease mobility during [...]
Malawi goo fortunes continue flow as tobacco sales have up to over US$3 million (which is about MK500 million) in the first three weeks of tobacco sales this season according to Tobacco Control Commission Chief Executive Officer Dr. Bruce Munthali. According to Munthali about 3 million kilograms have been sold so far and it is [...]
Upcoming Workshops: Advanced Public Customer Service And Emotional Intelligence 3-4 May 2012 Leadership and Development Of Effective Healthcare Teams 10-11 May 2012 Laboratory Analytic Methods [...]