Category: National

* CBA offers a credible, rule-based alternative for macroeconomic stability and industrial transformation that incorporates ISIC codes * Extended credit facility (ECF) programmes rely on conditionality and reform promises, but enforcement is weak and without domestic institutional discipline * Malawi has struggled to restructure external debt, a key ECF condition, leaving the country exposed to rollover risks and high interest burdens By Duncan Mlanjira Economic analyst. Thomas Ngoma still maintains that Malawi should try to opt for Currency Board…

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Mwanamveka (left) along with the Reserve Bank of Malawi Governor * The World Bank has provided US$45 million for emergency food assistance targeting four million Malawians * The African Development Bank has also pledged additional support with the IMF expected to visit Malawi in the first week of November to assist in efforts to stabilise the economy * The Chinese government has forgiven Malawi’s US$20 million debt and granted an additional US$3 million to support the country * While…

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Egypt Ambassador to Malawi Rasha Ambassador Hamdy * Egypt presented comprehensive proposals for collaboration in mining, agriculture, energy, health, and education — including technical support for mineral exploration * India High Commissioner, Amararam Gujar’s discussions focused on strengthening collaboration in same key sectors including industrialisation * Cuba expressed commitment to revive the Joint Permanent Commission of Cooperation (JPCC), which has been instrumental in advancing bilateral collaboration since its establishment in 1999 By Duncan Mlanjira Minister of Foreign Affairs, George…

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* It is in phases of 10 megawatts (MW) for 1st phase; 10MW for 2nd phase and 30MW for the 3rd, making a total of 50MW * It also has battery energy storage system for storing excess energy — allowing consistent and reliable power supply even when sunlight is not available By Duncan Mlanjira The Salima Solar Power Plant at Nanjoka, which Chint Electric Co. Ltd started constructing in July 2024 for Energy Generation Company (EGENCO), is on course…

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Kayelekera mine in Karonga * If mining proceeds from Kasiya and Kangankude would be managed properly, the country would be generating around US$500 million every year * Malawi is endowed with an extensive exploration portfolio with Kasiya in Lilongwe being rich with rare rutile deposits and Kangankude boasting of rare earths deposits By Brenda Nkosi, MANA & Duncan Mlanjira, Maravi Express President Peter Mutharika has expressed optimism that the country stands to significantly benefit from mining sites discovered at…

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