Malawi’s cost of living soars higher, says survey

Date:

A survey by the center of social concern has revealed that the cost of living in Malawi has risen drastically in the past year.

This has added weight to what commentators have said about President Banda’s financial policies that included the devaluation of the local currency and what others had predicted of the impact of the Cashgate scandal which has as well contributed to Malawi losing some donor partners and now having to survive mostly on borrowing.

The survey has indicated that in the past year, the cost of living has shot higher unlike the way it did in the past years.

The shortage of the staple food, maize, among others has been attributed to the increase in the cost of living.

The survey might hit hard on President Banda’s government that will be facing elections in May.

(Visited 27 times, 1 visits today)

2 COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Featured Video

click to play

Popular

More like this
Related

Zambia’s Controversial Man Of God Ian Genesis At It Again

Controversial Zambian man of God Prophet Ian Genesis has...

Congolese Prophet Marries 4 Church Members At Once, Claims Polygamy Is Not A Sin

A Congolese prophet has married four women, all v!rgins,...

REPATRIATION OF ETHIOPIAN ILLEGAL IMMIGRANTS COMMENCES

The Department of Immigration and Citizenship Services with assistance...

Lady Leaves Men Salivating With A Video Of Herself Tw3rking In Her Room (Watch Video)

Social media users are being trailed by a lady...