Deputy Managing Director for the International Monetary Fund (IMF), Tao Zhang Thursday said the fund is ready to support Malawi’s next Extended Credit Facility programme (ECF). Speaking at Kamuzu Palace in Lilongwe after meeting President Prof Peter Mutharika, Zhang said the IMF was impressed with the efforts the Malawi government was making in implementing the […]
The Malawi Government and the United Republic of Tanzania have agreed to jointly use the Songwe river in developing electricity power plants, irrigation schemes and together combat climate change. This follows fruitful discussions the two countries held on the Songwe River Basin Development Program (SRBDP) at the Bingu International Convention Centre (BICC) in Lilongwe. Minister […]
The position of the central bank governor in Africa, is associated with a life full of luxury. Upon the appointment of one central bank governor, the first pictures that dart across ones mind are of the governor living up-market life with a well-furnished big house, throwing himself in a sprawling swimming pool. The central bank […]
The Chair of Natural Resources and Climate Change Committee of Parliament, Honorable Werani Chilenga is under fire after sources within the Petroleum Importers Limited (a joint venture of Petroda, Puma Energy Malawi, Engen Malawi and Total Malawi) have tipped this publication of an underhand deal between Chilenga and PIL, where the PIL instructed Chilenga to […]
(Open Letter to All Ladies) Fri, May 12, 2017 To all females in the Christian Community: Dear ladies, I write to you today, I trust to help you understand why it is important for you to be dressed properly and not be influenced by what is currently considered the norm in dress. As you share […]
The Ministry of Trade, Industry and Tourism says there is need to take a different approach in conducting International Trade Fairs in the country for the platforms to bear positive fruits. Principle Trade Officer in the ministry, Diamond Chikhasu told the Malawi News Agency (MANA) on Wednesday that in the past years, the fairs have […]
Governance lobby group, Forum for National Development (FND) has pressed government to mete out strict punishment to Indian businessman Chandrashekar More who is answering charges for tax evasion and contempt of court. More who owns a company in the name of Mansi International has been on MRA books for failing to remit around K8 million […]
WASHINGTON, May 4, 2017— The World Bank Board of Executive Directors today approved an $80 million credit to the Malawi Government for general budget support. This is the first budget support financing approved by the World Bank for Malawi in four years. The budget support operation, fully referred to as the Agricultural Support and Fiscal […]
The World Bank has resumed direct budgetary support to Malawi after the economy proves to be turning around for growth . The World Bank approved $80 million (58 billion Kwacha) to be directly injected into the economy. The announcement of the budget support comes as an economic boost just hours before President Mutharika opens a […]
The road to the second coming of Malawi’s Premier Food and Music Festival in October is taking shape and organisers, Ovation Advertising, have announced a MK1 million cash prize for the winner of the bake-off challenge at national level. Head of Media and Public Relations for Ovation, Rogers Siula, disclosed that the bake off challenge […]