PP, MCP Agreed to Authorize Water Supply , Sanitation Project Loan Bill

Malawi Congress Party (MCP) and Peoples Party (PP) have authorized the OPEC Fund for International Development Nkhatabay town water supply and sanitation project loan bill. The bill was read by Minister of Finance, Economic Planning and Development, Goodall Gondwe on Tuesday during the parliamentary proceedings in Lilongwe. The bill seeks to authorize the Ministry on behalf of the government to borrow US$12, 000, 000) from OPEC fund for International Development (OFID) to contribute towards the financing of the project….

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Malawi economy on right track, says Finance Minister Goodall Gondwe

By: Duncan Mlanjira Minister of Finance and Economic Planning Goodall Gondwe as well as  Reserve Bank of Malawi Governor Dr Dalitso Kabambe, has assured Malawians that the economy has stabilized and that the government is currently doing everything possible in order to continue to grow  it. Gondwe said this at Nkopola Lodge in Mangochi when he was opened a Monetary Policy Conference, saying Malawi kwacha has been stable for some time now showing that the government is taking care…

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Malawi Economy On Right Track- IMF

The International Monetary Fund (IMF) said on Friday Malawi’s economy is growing and progressing to the right direction. Addressing the media in Lilongwe, the IMF Mission Chief for Malawi, Pritha Mitra said Malawi’s moderate economy is on track and is likely to grow up to four per cent in 2019 followed by a rise to 6-7 per cent in medium term. “Growth will be backed by improved electricity generation, better irrigation infrastructure and cropping techniques, greater access to finance…

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DPP to Turn North Into Paradise-Goodall

The Mighty Democratic Progressive Party (DPP) Vice President for the North, Goodall Gondwe has urged people of Khosolo in Mzimba District to vote for DPP during the forthcoming tripartite elections for development to forge ahead. Gondwe who is also Minister of Finance and Economic Planning and Development made the call Sunday when he addressed a meeting at Kapita Primary School in the area of Traditional Authority (TA) Khosolo in Mzimba. He assured the people that DPP government remains committed…

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Pressure Mounts For Malawi Vice President Chilima to Resign

Vice President Dr Saulos Chilima has been asked to honour his oath of office by doing the right thing and resign from his position in order to pursue his dream without compromising the honour and dignity of that office. The call was made in Lilongwe on Friday when Democratic Progressive party (DPP) senior officials addressed a press briefing to clarify on issues raised by the country’s Vice President last Saturday. On 21st July, 2018 the Vice President addressed a…

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Govt for Improved Rural Banking Services

Government says it is committed to improve banking services in remote areas of the country as one way of improving of living standards of all Malawians. Responding to questions by legislators in parliament recently, Minister of Finance, Economic Planning and Development, Goodall Gondwe said the ministry is consulting different sectors to improve the banking services especially in rural areas. Gondwe said government plans to improve banking services in the country by among other things ensuring it increases the visibility…

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Finance Minister Unveils K 1,504 Trillion Budget

Minister of Finance, Economic Planning and Development, Goodall Gondwe Friday presented a K 1,504 billion budget at Parliament in Lilongwe. The 2018/19 budget is the fifth and last budget for the House to consider which the Minister said has been designed in the context of international, regional and domestic economic developments. “The underpinnings of this budget is a focus on robust economic growth as the main goal of economic management alongside the maintenance of macroeconomic stability for robust, inclusive…

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Return of Donor Confidence: Malawi , Germany Signs MK30 Billion Financial Cooperation Pact

The Government of Malawi has signed a K30 billion financial cooperation agreement with the Federal Republic of Germany to help the former in boosting up its social sectors of education and health. Speaking during the signing ceremony at the Ministry of Finance, Economic Planning and Development in Lilongwe Wednesday, the German Ambassador to Malawi, Juergen Borsch said the money which Germany has given to Malawi is part of the agreement which his government promised to support different sectors in…

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MGDS III Manifesto of the Nation – Mutharika

President Prof Arthur Peter Mutharika has described the Malawi Growth and Development Strategy (MGDS) III as a manifesto of the nation – the manifesto of a people saying it represents the collective hopes and dreams of the people, the convictions and aspirations of the nation. Mutharika made the remarks at Kamuzu Palace in Lilongwe on Tuesday when he launched the MDGS III. He said the strategy is the country’s homegrown policy for developing the country and as such its…

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Stakeholders Want Martyrs Day Event in National Budget

People of Nkhata Bay District have asked government to consider including annual 3rd March martyrs commemorations into the national budget as a solution to the challenges the organizing committee encounters every year. Martyrs Day commemoration is held to remember people who were killed on 3rd March, 1959 in various parts of the country by the British colonial government forces in protest against the oppressive rule. In Nkhata Bay several people were shot at the jetty and were buried in…

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