The International Monetary Fund (IMF) last Wednesday hailed Malawi’s performance in the fund’s Extended Credit Facility programme with Malawi, a development which led to the disbursement of an additional $15.4 million to the national coffers. IMF deputy managing director Tao Zhang said Malawi’s programme performance has been satisfactory after the Malawi government met most of…

IMF cuts Malawi’s  Growth to 3.3%

  Malawi’s gross domestic product (GDP) growth will drop to 3.3 percent in 2018, declining by 0.7 percentage points from four percent recorded in 2017, blamed on declining maize output and power outages that have slowed down industrial growth, the International monetary Fund (IMF) has said. The IMF projection, contained in the World Economic Outlook…

Exit FMB, enter First Capital Bank

  First Merchant Bank Limited (FMB) says its rebranding to First Capital Bank is part of wider reforms to create a unified brand identity for FMB Capital Holdings (FMBCH) plc in the southern African region. The bank’s chief executive officer Fernando Rodrigues told journalists in Blantyre on Monday that the rebranding exercise would help to…

Govt faulted  On china aid

  Political and economic analysts have faulted Malawi-China bilateral agreements amid speculation such pacts have clauses that allow China to seize national assets in the event that the borrowing nation defaults on its loan repayments. The analysts were speaking against the backdrop of news that the Chinese government would be taking over national assets Zesco…

APM says good roads key to development

  President Peter Mutharika says constructing viable and decent roads in the country is key to the country’s development. Speaking during the ground-breaking ceremony of the Tsangano-Neno-Mwanza Road yesterday, Mutharika said enhanced and reliable transportation networks within and outside the country will link people in remote areas to better markets both within and outside the…

Taking the film industry higher

The film industry in Malawi is still in its infancy. However, a new phenomenon of producing series seems to be growing too fast. While this is a fully fledged industry in countries like USA and South Africa, it is quite new in Malawi. A young producer Khama Mbaula has taken on the challenge and has…

Malawi’s got potential

Budding filmmaker Gilbert Moyo has just broken into the movie industry with his debut film, 16 Bars. The 71-minute film about hip-hop and HIV and Aids is scheduled for release this year. Gilbert shared his experience on the movie and the movie industry in general with The Nation’s ERIC MTEMANG’OMBE.   Q: First give us…

NGOs say poor funding impeding child protection strategies

  Lack of resources in government institutions is hindering the implementation of child rights and child protection policies in Malawi despite the presence of a robust legal system capable of ensuring child protection, non-governmental organisations (NGOs) have revealed. Addressing the media at a workshop in Blantyre yesterday, Malawi Human Rights Commission (MHRC) director of child…

Carlsberg plans beer fest

  Carlsberg Malawi Limited plans to host Malawi’s first ever beer festival. The event will be held at Lilongwe Golf Club from November 17 to November 19. Carlsberg Malawi brand manager (alcoholics)Twikale Chirwa made the revelation during a press briefing held at Carlsberg Offices in Makata Industrial Area. He said the event has been created…