Saturday, August 20, 2022
  • About Us
  • ImagiNATION
  • Rate Card
  • Contact Us
The Nation Online
Advertisement
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Columns
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Columns
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
No Result
View All Result
Home News National News

‘AU Summit will boost Malawi’s economy’

by Staff Writer
03/02/2012
in National News
2 min read
0
Share on FacebookShare on TwitterShare on WhatsAppShare on LinkedinLinkedinShare via Email

Hosting the African Union (AU) Summit can potentially raise $6 million for Malawi, the Malawi Economic Justice Network (Mejn) argued on Thursday.

Mejn executive director Dalitso Kubalasa said in an e-mailed response that the summit will bring huge economic benefits.

“The summit will help the economy quite immensely if government and stakeholders look at this hosting as an opportunity to prove to the world that we are a quite resilient people,” he said.

Kubalasa claimed the 4 000-plus delegates would spend an estimated $1 500 each over the period of the summit and the nation will have earned at least $6 million or K1 billion, an amount enough to buy drugs in hospitals for days.

The country expects to host AU Summit in June this year and about 53 countries are expected to participate.

Despite criticism from some quarters on the rationale behind hosting such a summit, government insists that it will go ahead.

Vice- President Joyce Banda, addressing a rally at Kasiya in Malawi’s capital, Lilongwe, on Wednesday, asked President Bingu wa Mutharika to tell the AU that the country is unable to host the event due to its current economic challenges.

But addressing journalists in Lilongwe on Thursday, Information and Civic Education Minister Patricia Kaliati said government is looking forward to hosting the prestigious event.

“As government, we still maintain our stand to host the summit because we did not ask for it. It is a blessing in disguise as it will bring forex and boost trade in the country, among other things,” she said.

Previous Post

Economics versus justice

Next Post

Goodall says Malawi fuel crisis to end soon

Related Posts

National News

 No end in sight to KCH’s eye surgeries woes

August 20, 2022
Front Page

Court grants Mzuzu City mayor bail

August 20, 2022
Chilenga: We can’t allow not to fund Admarc
National News

Escom lied on power prices’

August 20, 2022
Next Post
The Nation Online Goodall says Malawi fuel crisis to end soon

Goodall says Malawi fuel crisis to end soon

Opinions and Columns

My Turn

Diagnostic tech cost on patients

August 19, 2022
Business Unpacked

Why public debt should worry every patriotic Malawian

August 18, 2022
Rise and Shine

How to triumph in interviews

August 18, 2022
My Turn

Making briquettes at Malasha

August 15, 2022

Malawi-Music.com Top10

Trending Stories

  • Challenged the sale: Chakaka-Nyirenda

    Court nods to transfer of bus depots

    0 shares
    Share 0 Tweet 0
  • 3 prisoners ‘forgotten’ on death row

    0 shares
    Share 0 Tweet 0
  • Court reinstates Namalomba in PAC role

    0 shares
    Share 0 Tweet 0
  • My dad is proud—Daliso 

    0 shares
    Share 0 Tweet 0
  • Ecobank Malawi rolls out new digital promotion

    0 shares
    Share 0 Tweet 0

  • Values
  • Our Philosophy
  • Editorial policy
  • Advertising Policy
  • Code of Conduct
  • Plagiarism disclaimer
  • Disclaimer
  • Privacy Policy
  • Terms of use

© 2022 Nation Publications Limited. All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Columns
  • Sports
  • Chichewa
  • Enation

© 2020 Nation Publications Limited. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.