Chuka says fiscal indiscipline frustrating economy

Reserve Bank of Malawi (RBM) Governor Charles Chuka has warned that continued over borrowing and general lack of fiscal discipline is hurting the country’s efforts to curb inflation and reduce interest rates. “Government’s continued commitment to restoring fiscal prudence and efficiency in expenditure is key to macroeconomic stability and continuation of the IMF [International Monetary…

NGO calls for improved funding in Malawi mining sector

Malawi’s booming mining sector should result in increased funding, particularly to the Department of Mines, to enhance the development of institutional capacity, Citizen for Justice (CFJ), a non-governmental organisation (NGO) working in the sector, has said. The NGO says an influx of mining, oil and gas companies demands that authorities should do more to take…

Malawi Government will utilise the growing ICT portfolios of the Malawi Posts Corporation (MPC) in the delivery of the ambitious e-government project, Vice-President Saulos Chilima revealed yesterday. Chilima made the revelation when he officially opened the 33rd Ordinary Session of the Pan African Postal Union (PAPU) Administrative Council meeting in Lilongwe. He said the move…

Malawi’s banked population rises by 14%

The number of people accessing bank services in the country has jumped by 14 percent within five years. The financial inclusion figure is now at 54 percent from 45 percent in 2008, according to a 2014 consumer study by South Africa-based Finmark Trust. The Finscope Survey is carried out by the Johannesburg-based Finmark Trust and…

CfSC worried over Malawi’s heavy energy costs

Social watchdog, Centre for Social Concern CfSC) says the country’s poor living in both towns and villages are being subjected to ever skyrocketing costs of energy without abating signs. The body also fears that the country is suffering serious hidden costs to the environment due to lack of alternative sustainable sources of energy. The NGO…

Donors stop funding departments, police over Fisp

In a move analysts have described as a vote of no confidence in the country’s public finance management systems, donors financing the Farm Input Subsidy Programme (Fisp) have stopped giving government departments, including the Malawi Police Service (MPS), direct financial injection to carry out activities under the programme. The donors are instead channelling their funds…

Goodall swells Cashgate war chest

Malawi’s Minister of Finance, Economic Planning and Development Goodall Gondwe says government is putting up additional resources to strengthen the fight against corruption and ensure the successful investigation and prosecution of the Capital Hill Cashgate scandal. Speaking in an interview, Gondwe said government was leaving no stone unturned in order to ensure that justice is…

Mejn for fiscal decentralisation

Malawi Economic Justice Network (Mejn) has called for fiscal decentralisation for local councils to enable the councils spearhead infrastructure and social development. Mejn executive director Dalitso Kubalaso made the call in his contribution as part of civil society submission on budget presentation. “On revenue collection, local councils have the burden of collecting small, but hard…

CfSC worried over heavy energy costs

Social watchdog, Centre for Social Concern (CfSC) says Malawi’s poor living in both towns and villages are being subjected to ever skyrocketing costs of energy without any sign of abating. The body fears that there are also serious hidden costs to the environment the country will pay for due to lack of alternative sustainable sources…

Cashgate prolongs vehicle ownership change process

Investigations into wealth accumulated from the plunder of public resources at Capital Hill dubbed Cashgate have led to delays in authorities processing vehicle ownership changes besides negatively affecting the business of local motor vehicle dealers, it has been learnt. The Nation can report that since March this year when the graft-busting body, the Anti-Corruption Bureau…

Govt claims Escom fire, maize probe almost complete

Government claims its separate probes into the mysterious fire at Electricity Supply Corporation of Malawi (Escom) Headquarters in Blantyre and the suspected disappearance of some 30 000 metric tonnes at the strategic grain reserves are almost complete and due for release. Malawi’s Minister of Information, Tourism and Culture Kondwani Nankhumwa confirmed in an interview that…

African postal services meet amid changing landscape

The 33rd session of the Pan African Postal Union (Papu) took place  in Lilongwe yesterday, with the gathering of postal services providers hoping to help the continent’s postal services adjust to a fast changing landscape and providing new realities. Addressing the press yesterday ahead of the opening plenary, Papu general secretary Younouss Djibrine said despite…

Experts propose new agriculture statutory body, council

Agriculture experts and civil society groups working in the agriculture field have proposed the creation of the National Agriculture Transformation Authority (Nata) and National Food Security Council (Nfsc) to oversee the development of the agriculture sector in the next 50 years. The proposals were made at the at the just-ended multi-stakeholder national agriculture conference Civil…

Sugar making giant, Illovo Sugar Limited has dismissed as “unfounded” and falsehood reports that the company’s Dwangwa Corporation is involved in a land grabbing scheme at its Dwangwa plantation in Nkhotakota. Internal land wrangles within some government-supported sugarcane cooperatives which trade with Illovo in the district recently led to reports and speculation that the company…

Medf to reclaim Mardef, Yedf loans

The recently established government finance company, Malawi Enterprises Development Fund Limited (Medf) says it will ensure to reclaim all debts and loans people collected under its disbanded previous institutions. Medf was formed after government combined Malawi Rural Development Fund (Mardef) Youth Development Fund (Yedf) and will also be responsible for coordinating the Farm Input Loan…

Malawi seeks to cut post-harvest losses

The local agriculture industry says the country is still grappling with major post-harvest agriculture management challenges which are robbing the industry of its economic benefits. Experts say up to 20 percent of the country’s agriculture benefits are being lost through archaic agriculture handling and processing systems. Speaking in Lilongwe during a workshop on managing risk…

Kenya Airways eye more Malawian routes

Kenyan Airways says it is eyeing further consolidation of its Malawian market amidst emergence of local competition from the new national airline. Newly launched Malawian Airline has emerged from the ashes of the former Air Malawi Limited which closed shop years ago to provide competition to established airlines trading on the Malawi route and other…

African militaries deliberate peacekeeping challenges

As mandate of African intervening forces for peacekeeping and peace enforcement missions continues to change, African militaries have gathered in Lilongwe to discuss ways of responding to new security realities to such missions. With support from the US Africa Military Command (Africom) and the African Centre for Strategic Studies (ACSS), countries are meeting on a…

ACB quizzes MDF officers over Cashgate

The Anti-Corruption Bureau (ACB) has been questioning some officials of the Malawi Defence Force (MDF) over some suspected fraudulent payments suspected to be part of the Capital Hill Cashgate, Army Commander General Ignasio Maulana has confirmed. Maulana made the revelation in an interview in Lilongwe yesterday on the sidelines of a multinational training workshop on…