Electricity Tariff to go up
Published on March 28, 2024 by Edgar Naitha
Electricity Supply Corporation of Malawi (ESCOM) spokesperson Kitty Chingota clarified that the suspension of the tariff adjustment would end on […]
Tag: Devaluation
Professor Bandawe Urges Malawians to Embrace Economic Adjustments Following Devaluation Of Kwacha
Published on November 10, 2023 by Edgar Naitha
Psychologist Prof. Bandawe advises Malawians to embrace economic shocks caused by Kwacha devaluation. He encourages acknowledging and adjusting to feelings […]
Sugar Prices Rise
Published on May 30, 2022 by Chisomo Kambale
Illovo Sugar Malawi Plc has adjusted upwards the prices of sugar A statement issued by the entity indicates that a […]
After the war-torn C.A.R, Malawi is the second worst economy
Published on December 23, 2013 by FACE OF MALAWI
The Economic Recovery Plan has failed, Zimbabwe is better than us, Somalia is even something we should look at with […]
Parliament needs an additional week to scrutinize the midterm budget review,
Published on March 3, 2013 by FACE OF MALAWI
Possibility is high that parliament will require an additional week or so for the current sitting to scrutinize the midterm […]
Malawi paying the price of devaluation
Published on March 1, 2013 by FACE OF MALAWI
Malawi is facing unrest amidst rising prices and falling living standards. Is the hope that was once invested in President […]
Kwacha down by 107% since May
Published on January 3, 2013 by FACE OF MALAWI
The Malawi kwacha exchange rate to the United States dollar closed the year 2012 at an average price of K346, […]
Malawi could have become a failed state without devaluation
Published on December 15, 2012 by FACE OF MALAWI
Historic relations between Great Britain and Malawi hit its lowest ebb when former President Bingu wa Mutharika expelled Her Majesty’s […]
Let the kwacha remain floated
Published on September 28, 2012 by FACE OF MALAWI
Last week’s revelation that government is considered reverting to a fixed exchange rate has attracted a lot of comments in […]
Maize prices up 47% since Bingu wa Mutharika’s death
Published on September 14, 2012 by FACE OF MALAWI
The World Bank has revealed that maize prices in Malawi went up by 47 percent between April and July this […]
IMF Executive Board Approves New US$ 156.2 Million Extended Credit Facility Arrangement for Malawi
Published on July 24, 2012 by FACE OF MALAWI
The Executive Board of the International Monetary Fund (IMF) today approved a new three-year arrangement for Malawi under the Extended […]
Sunbird blames devaluation on its 2012 results
Published on July 10, 2012 by FACE OF MALAWI
Sunbird Tourism Limited says it expects the 49 percent devaluation of the kwacha to impact on the company’s bottom line […]
Lilongwe vendors riot over chicken price hike
Published on July 3, 2012 by FACE OF MALAWI
Police in Lilongwe on Monday used teargas canisters to disperse angry vendors, who destroyed the fence and stoned Central Poultry […]
Petroda staff demand salary increment
Published on June 29, 2012 by FACE OF MALAWI
Junior employees of Petroda Malawi Limited went on strike Tuesday in an attempt to force their management to effect a […]
Accountants strategise on economic recovery
Published on June 27, 2012 by FACE OF MALAWI
The country’s top accountants met in Blantyre on Friday evening to draw a roadmap for Malawi’s economic recovery during the […]
Devaluation costs South African Airways $5 million
Published on June 27, 2012 by FACE OF MALAWI
South African Airways (SAA) has lost $5 million (K1.2 billion at the current exchange) in Malawi due to the 49 […]
Tobacco earnings hit US$ 116 million
Published on June 26, 2012 by FACE OF MALAWI
Earnings from Malawi’s major cash crop, tobacco, have gone up to US$ 116 million, which is about K31 billion, since […]
‘Devaluation only way to economic recovery’ – MCCCI defends govt
Published on June 25, 2012 by FACE OF MALAWI
The Malawi Confederation of Chambers of Commerce and Industry (MCCCI) has defended government’s decision to devalue the kwacha, saying it […]