Category: Business

One of the fallen towers * Nsanje District Hospital is running on diesel-powered electricity generators to keep laboratories, mortuary and vaccine units running * The generator alone consumes 20 litres of diesel per hour to run the service around the hospital * With diesel pegged at K2,734 per litre, it consumes an estimated 400 litres of diesel per day * Which translates to K1,093,600 — too costly for a public facility that survives on the government funding By Peter…

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* All his international trips between now and the end of the fiscal year are cancelled — beginning with that for COP28 scheduled at the end of this month * All public-funded international trips for all public officers at all levels on hold including those in parastatals until the end of the financial year in March * All Cabinet members currently abroad on public-funded trips to return to Malawi with immediate effect * Any travel deemed absolutely necessary by…

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* A 4-year arrangement under the ECF has been approved of US$175 million with an immediate disbursement of US$35 million * To support the country’s macroeconomic adjustment and reform agenda aimed at restoring macroeconomic stability * Building a foundation for inclusive and sustainable growth, and addressing weaknesses in governance By Duncan Mlanjira An economic expert contends that the main reason for the devaluation of the kwacha and the subsequent measures that President Lazarus Chakwera has made in his address…

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* He will be accompanied by senior members of the DPP to be covered live on a number of media houses from 10:00hrs * The former Head of State is eyeing to contest again for the National Presidency under the DPP * The Party which his brother and former Head of State, late Bingu wa Mutharika founded in 2009 By Duncan Mlanjira Former President Peter Mutharika has announced that he would address a press conference on Friday in reaction…

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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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