Devaluation costs South African Airways $5 million
South African Airways (SAA) has lost $5 million (K1.2 billion at the current exchange) in Malawi due to the 49 […]
Business
‘Devaluation only way to economic recovery’ – MCCCI defends govt
The Malawi Confederation of Chambers of Commerce and Industry (MCCCI) has defended government’s decision to devalue the kwacha, saying it […]
Lynas Corp. likely to give up rare earths project in Africa
With its highly-controversial Malaysian rare earths processing plant an already ample source of headache, Lynas Corp. has been reported to […]
U.S. restores $350 million aid package to Malawi
The United States restored a $350 million aid package to Malawi to recognize political reform under new President Joyce Banda, […]
MCC Board of Directors Votes to Reinstate Compact with Malawi
The U.S. Government’s Millennium Challenge Corporation (MCC) Board of Directors voted to lift suspension of the Malawi Compact during its […]
Inflation soars to 17.3 percent
MALAWI’S inflation jumped to a seven-year high in May, fuelled by the 49 percent devaluation of the kwacha, the National […]
G20 recognises Bakhresa Malawi on business innovation
The Group of 20 on Tuesday evening announced that Bakhresa Grain Milling Malawi is among 15 winners of the G20 […]
Joyce Banda and the IMF: A dangerous courtship
There is nothing new under the sun. Absolutely nothing. Not even woman presidents. Cleopatra and the Queen of Sheba are […]
Joyce Banda promises to cut on foreign travel
President Joyce Banda has promised to cut on her foreign trips, saying she would now be delegating vice president Khumbo […]
Malawi to get nearly $500 million in budget aid
Malawi’s donors have pledged $496 million in budget support for the 2012/13 financial year, more than double pledges for the […]
Donor bailout awaits approval
President Joyce Banda has said Malawians should wait a little longer for the donor community to release money for cushioning […]
President Joyce Banda and Malawi’s Economic Development
Joyce Banda, Malawi’s new president, is off to a great start. I cheered when she assumed the top job in […]
EU pumps $56 million into Rural Infrastructure Development
Head of European Commission to Malawi, Alexander Baum, has announced that the European Union will pump more money into the […]
Obama unveils US Africa strategy
The White House has announced a new US strategy for sub-Saharan Africa, which focuses on the continent’s economic potential. It […]
IMF happy with Malawi 2012 national budget
The International Monetary Fund (IMF) on Monday hailed Malawi’s 2012/13 K406 billion budget presented last Friday and describing it as […]
Malawi ‘Recovery’ Budget Too Little Too Late, Critics Say
Economic commentators in Malawi said President Joyce Banda’s first national budget, presented to Malawi’s parliament Friday, gives the country’s poor […]
Lynas Corporation Limited assessing Malawi High Court decision on Kangankunde Rare Earths
Lynas Corporation Limited (“Lynas”) (ASX:LYC, OTC:LYSDY) is currently assessing a recent decision of the Malawi High Court that may affect […]
