Category: Business

Chithyola Banda flanked by Minister of Local Government, Richard Chimwendo Banda (left) and RBM Governor Wilson Banda * What made local products expensive than imported products and which products are being reffered to? * We all know Malawi cannot compete on quality and on production costs * The one who should have spoken on the devaluation issues should have been the Reserve Bank Governor and not the Minister * Otherwise, here it clearly shows interference in the independence of…

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* In fact, the Reserve Bank of Malawi should have done this a long time ago * So that we would not have lost so much time and so many opportunities under the shade of a false exchange rate * Additionally, if this had been done early enough, we would have had a smaller adjustment in the exchange rate * But now we are having to deal with such a big adjustment because the correction was left too late…

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* The Malawi Government should rather be creating a conducive environment to expand the size of the economy * Which is not growing enough in terms of its Gross Domestic Product, with a share of only 0.01% of the global economy * It is concerning that Malawi’s ability and capacity to produce per person is diminishing relative to other nations * Putting the country in a most vulnerable situation economically By Duncan Mlanjira The Malawi economy is suffering from…

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* We have small medium enterprises which do not have resources to solely participate at the fair * So we thought it wise to partner EDF so that Malawi should participate as a nation * To showcase Malawi products and investment opportunities so that they should be able to interact at continental scale By Victor Singano Jnr NICO Group has sponsored K30 million to Export Development Fund (EDF) which will help towards the participation of the forthcoming Intra Africa…

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Chithyola Banda, (left) who was recently appointed Finance Minister * Yesterday, RBM announced the devaluation of the Kwacha at 44% * From selling rate of K1,180.29 to K1,700.00 to the US$ with effect from today, November 9 * This devaluation is just as reckless as the previous one—former RBM Governor, Dalitso Kabambe * Given that fundamentals of the monetary policy stance remains helpless and fiscal consolidation is nonexistent By Duncan Mlanjira Minister of Finance & Economic Affairs, Simplex Chithyola…

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