Category: National

* As its Malawi Economic Monitor highlights that state-owned enterprises (SOEs) pose major fiscal risks amid poor performance and lax governance * The financial distress of the SOE that acts as the single buyer and distributor of electricity has created systemic risks By Duncan Mlanjira The World Bank — in its September edition of the Malawi Economic Monitor — seems to agree with Speaker of Parliament Sameer Suleman on the concerns of the creation of Power Market Ltd as…

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* Despite modest growth and early signs of adjustment — World Bank’s Malawi Economic Monitor * The conflict in the Middle East has driven sharp increases in global energy and commodity prices * Amplifying inflationary pressures, constraining growth prospects, and compounding Malawi’s longstanding vulnerabilities * Including persistent external and fiscal imbalances, and limited fiscal and foreign exchange buffers By Duncan Mlanjira The September edition of the World Bank’s Malawi Economic Monitor (MEM), that analyses the country’s economic and structural…

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* No mining company is allowed to export raw minerals. The minerals have to be processed before they are exported * Mineral resources belong to the country and should contribute meaningfully to national development By Mary Makhiringa, Malawi News Agency (MANA) & Duncan Mlanjira, Maravi Express Minister of Mining Thoko Tembo has reiterated that mining companies operating in Malawi must process their minerals before exporting them, saying the country cannot continue exporting raw minerals and importing finished products at…

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* Fraudsters have generated receipts and waybills using artificial intelligence (AI) duping customers to make advance payment for their goods through MPC Courier service By Duncan Mlanjira Malawi Posts Corporation (MPC) has alerted the public that some fraudsters have generated receipts and waybills using artificial intelligence (AI) duping customers to make advance payment for their goods through MPC Courier service. In a statement, MPC indicates that they have had one or two cases of the fraudsters using the receipts…

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* As well as limit on physical possession of forex at any given time without the permission of the Reserve Bank of Malawi (RBM) By Duncan Mlanjira The Government, through the Reserve Bank of Malawi (RBM) Governor, George Partridge, has gazetted some amendments to the Foreign Exchange Act that limits exportation of foreign currency. In a notice published on September 7, the Act bars any person from taking or sending out of Malawi an amount exceeding a total sum…

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Mining Minister Thoko Tembo delivering his keynote address at the launch on Tuesday  * Sets out priorities for responsible mining sector growth, environmental and social governance, skills development, infrastructure and effective management of mineral revenues * Successful implementation would require coordinated action and sustained financing across government and other stakeholders By Jeremiah Mphande, Malawi News Agency (MANA) Malawi has launched an Energy Transition Minerals Roadmap aimed at turning the country’s growing mineral potential into investment, jobs, industrial development and…

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