Category: National

* Mwanamvekha, Chaponda and Gangata appointed as Minister’s of Finance, Foreign Affairs and of State respectively * Lieutenant General George Alexander Jafu is Malawi Defence Force Commander and Richard Chakupaleza Chikoko Luhanga as Inspector General of Police By Hastings Yobe, MANA President Arthur Peter Mutharika has made a series of key cabinet and official appointments as he continues to form his administration following his return to power — and officially declaring Alliance for Democracy (AFORD) leader Enock Kanzingeni Chihana…

Read More

* The Malawi economy is dead and nowhere does this death manifests itself more prominently than in forex shortage area with long fuel queues * Government-guaranteed revolving Letter of Credit (L/C) facility is used to finance strategic imports such fuel, fertilizer, medicines without draining national forex reserves * L/Cs are used only for short term but not long term and it is very costly option — but for now it will resuscitate the economy but long term solution is…

Read More

* The system can reduce inflation to 2%, lower interest rates, and provide ample foreign exchange to purchase essential items like fuel, food, medicine, machinery, and spare parts, supporting industrialisation efforts * Unlike the IMF’s ECF conditionality-based approach, a currency board can embed rule-based discipline into Malawi’s institutional framework * Making fiscal prudence and reserve adequacy non-negotiable and self-enforcing as part of daily operations By Duncan Mlanjira Economic analyst, Thomas Ngoma — a UK-based Malawian executive management consultant —…

Read More

* We look forward to a strong private and public partnership in the next critical three months of the government’s transition process  * The stage should be prepared for a re-set of a new economic trajectory where Malawi’s resolve to return to stability through fiscal discipline and governance * Dialogue with bilateral and multilateral donors and creditors and improved trade relations, is unambiguous By Duncan Mlanjira Standard Bank Plc says it looks forward to partnering government and other key…

Read More

* After receiving reports that some government officials are abusing the transition period to push through questionable contracts and payments * Also alludes to that the government officials are engaging in corrupt practices and carrying out irregular promotions, recruitments and transfers By Duncan Mlanjira Ahead of the swearing in as the 7th President of the Republic of Malawi, President-elect Arthur Peter Mutharika indicates that he has received reports that some government officials are abusing the transition period “to push…

Read More

* This will allow negotiating bulk procurement contracts with favourable terms. Malawi must invest in expanding the capacity of strategic fuel reserves to buffer against global price shocks * Transport infrastructure enhancements, especially rail links to Mozambican ports, can cut logistics costs. We also need digitising procurement and distribution systems to curb inefficiencies and leakages By Duncan Mlanjira As observers contend that the decision by Malawi Energy Regulatory Authority (MERA) to increase fuel pump prices effective today, October 1,…

Read More