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Malawi to cut 2012 growth forecast, says finance minister
LILONGWE – Malawi will cut its forecast for economic growth of 4.3 percent this year due to contraction in some major sectors, Finance Minister Ken Lipenga said on Wednesday. “Our preliminary...
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Malawi economy close to recession- central bank Governor
BLANTYRE-Reserve Bank of Malawi (RBM) Governor Charles Chuka has disclosed that the Malawi economy is expected to shrink further this year, with growth now expected at a decimal 1.6 percent — a sharp...
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Malawi considers controversial EU trade deal
BLANTYRE— Malawi has opened up negotiations on the economic partnership agreement (EPA) with the European Union, which have been deadlocked since 2002. The new round of negotiations may see President...
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Malawi entrepreneurship revolution programme launched
BLANTYRE-Business Consult Africa (BCA) on Thursday officially launched the Entrepreneurship Revolution Programme (ERP) which is aimed at championing private sector growth. The Executive Director of...
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Malawians left counting rising cost of living
LILONGWE -Malawi’s cost of living has gone up in the month of September in the capital Lilongwe, Mzuzu and old capital Zomba, a welfare monitoring survey has revealed. The Basic Needs Basket (BNB)...
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Nation Publications Ltd transforms Malawi newspaper industry
BLANTYRE -Nation Publications Limited (NPL) has made a bold move by purchasing a brand new ‘Hong Hwa ‘Newsfaster’ Web Offset Press’, a printing machine that has given room to more newspaper business...
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Malawi, IMF agree policies for ECF review completion
LILONGWE -A team from the International Monetary Fund (IMF) visited Lilongwe during October 30-November 15, 2012 for discussions with the Malawian authorities on the first review of Malawi’s Extended...
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Air Malawi placed under liquidation
BLANTYRE -Government has placed the highly indebted national flag carrier, Air Malawi Limited, under voluntary liquidation and will instead establish a new company called Air Malawi (2012) Limited in...
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Malawi raises benchmark rate to tame inflation
LILONGWE -Malawi’s central bank said on Tuesday it would raise its benchmark interest rate by 400 basis points to 25 percent as it seeks to stabilise the kwacha currency to contain inflation....
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President Joyce Banda inaugurates Shire Lodge in Liwonde
MACHINGA – The State President Joyce Banda said the opening of Shire Lodge at Liwonde in Machinga is complimentary to the Peoples Party’s drive to promoting the tourism industry in Malawi. The...
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Privatisation Commission snubs Comair on Air Malawi
BLANTYRE -The Privatisation Commission (PC) has snubbed calls by Comair Limited, a British Airways franchisee, to participate in the restructured Air Malawi’s bid for a strategic equity partnership...
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Malawi Catholic body says cost of living continues to soar
LILONGWE -Cost of living in Malawi’s cities is still rising and enormously affecting consumers, according to the Centre for Social Concern (CfSC). According to CfSC data released on December 24, to...
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Malawi Presidential jet to go under the hammer
LILONGWE-The presidential jet that the Malawi government bought during the Democratic Progressive Party (DPP) regime and attracted the wrath of both the developing partners and fellow countrymen is up...
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Malawi needs fiscal tghtening, says Finance Minister Lipenga
LILONGWE -Malawi’s economy needs more fiscal and monetary policy tightening in order to stabilize the currency and curb inflation, Finance Minister Ken Lipenga said. The kwacha’s devaluation and...
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IMF chief defends Malawi Kwacha devaluation
LILONGWE -The visiting International Monetary Fund (IMF) Managing Director (MD) Christine Lagarde on Saturday strongly defended the devaluation of the Kwacha as the only option Malawi had to get the...
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Malawi inflation soars to 34.6 percent
ZOMBA -Malawi’s year-on-year inflation for December hit 34.6 percent, a 1.3 percentage points increase from the previous month’s 33.3 percent, but 13.7 percentage points higher than that of...
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No relief for Malawians as fuel goes up 2.2%
BLANTYRE (Nation)-There seems to be no respite for consumers regarding the rise in commodity prices following an average 2.2 percent jump in fuel pump price announced by the Malawi Energy Regulatory...
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Reserve Bank of Malawi revises upwards 2013 average inflation
LILONGWE (Nation)-Bothered by several risks in the financial system, the Reserve Bank of Malawi (RBM) has revised upwards Malawi’s annual average inflation rate for this year by two percentage points...
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‘Malawi’s economic plan needs coordination among ministries’
LILONGWE (Nation)-The 2012/13 budget key objective is to restore macroeconomic balance and a market-based economy that will provide the foundation for sustainable economic growth, according to Finance...
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Malawi improves on budget transparency index
LILONGWE (Business News, Nation)-Malawi has improved in the transparency and public access to budget information, climbing up the ladder by five points, according to latest findings of the Open Budget...
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