News – Page 341 – Maravi Express – Your Kind of News. Clear and accurate.

Malawi needs almost US$1bln debt relief by 2027–IMF

November 23, 2023

* Getting a commitment from bilateral creditors, China and India, to restructuring their portion of its external debt * Which was US$4 billion at the end of 2022, was a key requirement for the IMF board to sign off on the ECF By Duncan Mlanjira Report by global news agency, Reuters quotes the International Monetary Fund (IMF) as saying Malawi needs almost US$1 billion in debt relief from its creditors by 2027 — as the country “battles severe medicine,…

Malawi to sign UN’s sustainable development cooperation framework

November 23, 2023

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| International, National, News

* A bold new commitment to strengthen partnerships to achieve the SDGs and national development priorities * It also represents renewed hope in our collective resolve to do all we can to positively transform the lives of the people we serve * Leaving no-one behind, while protecting the planet for the generations to come By Duncan Mlanjira Government of Malawi is expected to sign the United Nations Sustainable Development Cooperation Framework (UNSDCF) 2024- 2028 today, November 23. A statement…

Some manufacturers and suppliers indeed exploiting consumers using kwacha devaluation as scapegoat—CFTC

November 22, 2023

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| Business, Law Enforcement, National, News

* Some price this far depict a trend of possible opportunism through excessive price increases * The CFTC has so far formally approached 19 manufacturers and suppliers to explain the rationale behind such high price adjustments By Duncan Mlanjira While it is obvious that any devaluation of the currency may trigger an upward adjustment of the pricing of goods or services, Competition and Fair Trading Commission (CFTC) has observed that some traders are indeed using the devaluation as a…

WHO-recommended malaria vaccine starts being shipped to Africa

November 22, 2023

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| Health, International, News

* A historic step towards broader vaccination against one of the deadliest diseases for African children * Additional 1.7 million doses are set for delivery to Burkina Faso, Liberia, Niger and Sierra Leone in the coming weeks * Since 2019, Ghana, Kenya and Malawi have been administering the vaccine in a schedule of 4 doses from around 5 months of age * As part of the pilot programme, known as the Malaria Vaccine Implementation Programme By Duncan Mlanjira Shipments…

Magnificent Mali maul Mexico at U17 World Cup

November 22, 2023

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| International Sports, News

* Morocco through after shootout drama following a stoppage-time equaliser against Iran FIFA.com Mali made light work of Concacaf champions Mexico beating them 5-0 in the last 16 of the FIFA U-17 World Cup Indonesia 2023, with Mahamoud Barry — voted Player of the Match — scoring two goals and one each from Diarra, Kanate and Martial Tia. Les Aigles were irresistible throughout, with the outcome all-but settled inside a one-sided opening 15 minutes in which the outclassed Mexicans…

Tunisia tie on 6 points with Equatorial Guinea but top Group H through goals scored

November 22, 2023

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| International Sports, News, Sports

* The Carthage Eagles scored late in the 87th minute after Seifallah Ltaeif was brought down inside the penalty box * Namibia also share three points with the Flames but are third following their 2-0 triumph over Sao Tome e Principe By Duncan Mlanjira Following their last minute goal through Youssef Msakni penalty spot striker, beating Malawi Flames 1-0, Tunisia tie on six points with Equatorial Guinea but top 2026 World Cup qualifying Group H through goals scored. Tunisia…

Suspension of flights by SAA has economic implications for Malawi—Chief Economist Chifipa Mhango

November 22, 2023

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| Business, News, Tourism

* We do understand the position SAA has taken under the challenges Malawi is facing economically as outlined in forex challenges among others * However, we have other airlines operating into Malawi despite the same economic environment * Malawi Government should engage the SAA management on the matter urgently and assure the Airline on how the Malawi economy will be stabilized, with time frames By Duncan Mlanjira Malawi needs South African Airways (SAA) and so does the airline need Malawi, says Chief…

World Bank approves a US$60m grant for importation of fertilizers and pharmaceuticals

November 21, 2023

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| Business, National, News

* Approved on Monday, November 20, the grants is to avert acute shortages of critical and lifesaving commodities * The contingent financing to import fertilizers and pharmaceuticals will address critical shortages in the market * Which, if left unaddressed, have the potential to hinder Malawi’s economic recovery By Laison Kamkole The World Bank’s International Development Association (IDA) has approved a US$60 million grant which will be accessed by commercial banks in Malawi for importation of fertilizers and pharmaceuticals. A…

CCAP Blantyre Synod’s Church & Society desk asks MPs to rise above partisan politics in the current mid-year budget review meeting

November 20, 2023

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| Business, National, News, Politics, Religion

The august House currently sitting in Lilongwe * And objectively deliberate as presented today by the Minister of Finance and Economic Planning, Simplex Chithyola Banda * MPs are very much concerned with pleasing their political party masters at the expense of poor Malawians * Events of last week have revealed the deep-rooted divisions between the two sides of the house and within the opposition By Duncan Mlanjira The Blantyre Synod of the Church of Central Africa Presbyterian (CCAP), through…

IMF’s ECF unlocks US$240 million more

November 20, 2023

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| Business, National, News

Finance Minister in Parliament today * The 2023/24 revised national budget has oozed more optimism and hope following various measures that Government has put in place * To cushion Malawians on the shocks of the recent devaluation of the Kwacha By Laison Kamkole In his presentation in Parliament of the 2023/24 revised national budget Minister of Finance Simplex Chinthyola Banda said the International Monetary Fund (IMF) approval of the extended credit facility (ECF) for Malawi will unlock more than…