For many years, Malawi’s trade balance has been widening despite government implementing an array of policy interventions to reduce the trade deficit. Trade deficit is a situation where there is a negative balance of trade, meaning that a country imports more goods and services than it exports. It is also called the balance of trade.…

  Earlier this week, The Nation published a front page story under the headline Taxpayers Set To Bleed More. Based on an analysis in the Malawi Government Annual Economic Report 2018, the story highlighted the poor state of most parastatals or State-owned enterprises in the year under review. Many of the parastatals are saddled with…

Predictably, members of Parliament (MPs) on both sides of the National Assembly on Friday unanimously cheered after passing the K1.45 trillion 2018/19 National Budget. They had all the reason to celebrate because-besides giving Treasury the mandate to raise and spend money in the new fiscal year rolling out this July 1 through the passing of…

  Revelations that Malawi’s domestic debt is projected to rise by 473.6 percent because government plans to borrow about K176.1 billion in the new financial year starting on July 1 should worry many a patriotic citizen. From the onset, I must say that borrowing in itself is not bad. What matters most is the reason…

For the fifth and final time in the 2014 to 2019 term of office, Minister of Finance, Economic Planning and Development Goodall Gondwe presented government’s wish-list in Parliament officially called the National Budget. This time around, the minister tabled a K1.5 trillion financial plan that represents 22.8 percent of the country’s gross domestic product (GDP)—the…

Insurance penetration rate in the country remains one of the lowest in the world at 1.4 percent of the population, if figures from the Reserve Bank of Malawi (RBM) are anything to go by. During the 2017 Insurance Institute of Malawi (IIM) Annual Lake Conference in Mangochi, RBM Governor Dalitso Kabambe challenged insurers to think…

  This week, the Reserve Bank of Malawi (RBM) and other stakeholders are busy hosting what has been branded the Pension and Insurance Awareness Week to popularise the two products and stimulate their uptake. RBM Governor Dalitso Kabambe said ahead of the week under the theme Pension and Insurance for All that it was a…

    Hardly a day goes by without a story that financial markets are in “bubble” territory. Stock markets around the world, including the FTSE All-Share, are at record highs and bond yields are at record lows. The former means that valuations are at the upper end of historic ranges. The latter has meant that…

  Pension is generally understood to be a retirement savings plan where one saves part of their income today to use on a rainy day, especially when one is in the “sun set” years of life. In an earlier article, I posed the question: ‘What do we know about pensions?’ In that entry, I gave…

  In March, the country launched the Third Malawi Growth and Development Strategy (MGDS III) as a tool to spur ec onomic growth and reduce poverty levels. The launch of MGDS III comes against a background of reveletaions towards the end of 2016 in a series of news stories The Nation carried on poverty, mainly…

  In many cases, the relationship between most commercial banks and their customers has been one of mistrust, at least in my view, especially when it comes to service charges or fees. Until a few years ago, very few commercial banks in Malawi would publish their tariffs for customers to make informed decisions and indeed…

  March 15 is gone, but, as consumers of various goods and services, I feel it is not too late to reflect on this year’s World Consumer Rights Day theme Making Digital Marketplaces Fairer. In celebrating the World Consumer Rights Day 2018, Consumers International appealed for fairer digital market places. I found the focus befitting…

  Insurance penetration rate in the country remains one of the lowest in the world at 1.4 percent of the population, if figures from the Reserve Bank of Malawi (RBM) are anything to go by. During the 2017 Insurance Institute of Malawi (IIM) Annual Lake Conference in Mangochi, RBM Governor Dalitso Kabambe challenged insurers to…

  Effective September 1 the Medical Aid Society of Malawi (Masm), the country’s dominant provider of health insurance, has raised its monthly premium (subscriptions fees) by 25 percent. Following the hike, Masm members on Very Important Persons (VIP)  members contribution has gone up from K16 800 to K21 000, Executive scheme K9 000 to K11…

  Not long ago, Reserve Bank of Malawi (RBM) Governor Dalitso Kabambe, in his capacity as registrar of financial services, challenged players in the insurance industry to think outside the box to grow business and ensure that more people access their services. That was during the 2017 Insurance Institute of Malawi (IIM) Annual Lake Conference…

I am yet to get convinced on the justification for the Ministry of Information and Communications Technology to suspend the registration of subscriber identification module (SIM) cards and generic numbers with the regulator through network operators. If the explanation Minister of Information and Communications Technology Nicholas Dausi gave in the National Assembly last week in…