When it comes to international trade, Malawi is always having a negative trade balance or deficit regardless of which country or economic bloc it is dealing with. Figures from the National Statistical Office (NSO) show that between 2017 and 2018, Malawi recorded a negative trade balance or deficit which doubled to K2.7 trillion from K1.2…

It is December, the last month on the calendar which culminates into Christmas Day on December 25th when Christians worldwide celebrate the birth of Jesus Christ, their Lord and Saviour. The festive season reaches the climax on January 1 with the celebration of the dawn of a New Year. While Christmas Day and New Year’s…

In two days’ time, the month of November will end and pave the way for December which is the last month on the calendar and culminates into Christmas Day on December 25th when Christians worldwide celebrate the birth of Jesus Christ, their Lord and Saviour. The festive season reaches the climax on January 1 with…

Promoters of the African Continental Free Trade Area (AfCFTA), which seeks to promote intra-Africa trade while accelerating regional integration, tout the bloc as having the potential to increase trade volumes by up to 50 percent over the next five years. But for countries such as Malawi, the fortunes are mixed. The continent-wide free trade area…

When it comes to international trade, Malawi is always having a negative trade balance or deficit regardless of which country or economic bloc it is dealing with. Figures from the National Statistical Office (NSO) show that between 2017 and 2018, Malawi recorded a negative trade balance or deficit which doubled to K2.7 trillion from K1.2…

No business can do without customers. In business, customer satisfaction is at the core of business success; hence, many businesses worldwide invest in customer satisfaction surveys to gauge how the customers rate the service they offer. With the dawn of the social media, many Malawians express their frustrations with the services offered by various players…

Minister of Finance, Economic Planning and Development Joseph Mwanamvekha had all the reason to smile and walk tall on October 10 2019 as members of Parliament (MPs) had, as it were, ‘rubberstamped’ his maiden national budget. Following the passing of the Appropriation Act, Treasury can now raise and spend money up to June 30 2020.…

Minister of Finance, Economic Planning and Development Joseph Mwanamvekha had all the reason to smile and walk tall on Thursday, October 10 2019 as members of Parliament (MPs) had, as it were, ‘rubberstamped’ his maiden national budget. Following the passing of the Appropriation Act, Treasury can now raise and spend money up to June 30…

It is over a decade ago when I read the personal finance management best-seller, Rich Dad Poor Dad, co-authored by Robert Kiyosaki and Sharon Lechter. Many who have read this book will agree that it is a simple, but inspiring book on how one can attain financial independence. The book is widely touted to have…

It is the same old story. That was my reaction to sentiments expressed by the World Bank recentry that Malawi needs to improve on governance as well as fight rampant corruption and fiscal indiscipline to restore confidence in the economy. During the launch of the World Bank’s ninth edition of the Malawi Economic Monitor (MEM)…

PAC faults police on violence

Public Affairs Committee (PAC) has faulted Malawi Police Service (MPS) for the violence which culminated in  a  fight between  Human Rights Defenders Coalition (HRDC) mobilised protesters and suspected Democratic Progressive Party (DPP) youth cadets in Blantyre on Wednesday. In a statement co-signed by PAC board chairperson the Very Reverend Felix Chingota and spokesperson Father Peter…

It is September yet again in the calendar year, a month in which the global community commemorates the contribution of tourism to the growth of national economies and individuals alike. Specifically, September 27 is World Tourism Day set aside to create awareness among the global society on the significance of tourism and its social, political,…

Reactions have been varied to the K1.7 trillion 2019/20 National Budget Minister of Finance, Economic Planning and Development Joseph Mwanamvekha presented in Parliament on Monday this week. Economists and some development partners The Nation sought instant reactions from on the Budget Statement generally described the financial plan as “cautious”. National budgets or expenditure plans play…

It is the same old story. That was my reaction to sentiments expressed by World Bank Malawi country manager Greg Toulmin that Malawi needs to improve on governance as well as fight rampant corruption and fiscal indiscipline to restore confidence in the economy. During the launch of the World Bank’s ninth edition of the Malawi…

In the past week, Reserve Bank of Malawi (RBM) Governor Dalitso Kabambe, in his capacity as the Registrar of Financial Institutions, published a whopping list of 610 private sector companies owing pension funds K6.2 billion in pension remittances arrears for their employees. There are several reasons the affected companies could be struggling to comply with…

It is the same old story. That was my reaction to sentiments expressed by World Bank Malawi country manager Greg Toulmin that Malawi needs to improve on governance as well as fight rampant corruption and fiscal indiscipline to restore confidence in the economy. During the launch of the World Bank’s ninth edition of the Malawi…

This week, Minister of Finance, Economic Planning and Development Joseph Mwanamvekha and his budget team are seeking input from the public on what should be included in the 2019/20 National Budget set to be tabled in Parliament in September. Currently, the country is running on a provisional budget of K511 billion covering four months from…