Having expressed reservations with appalling customer service levels from an array of service providers in the country in previous articles, my attention was drawn to a post on Facebook last week by a chief executive officer of one of the international non-governmental organisations (NGOs) based in Lilongwe. In her post, which attracted comments from…

  For a long time, Malawians who transact businesses in the country’s commercial banks have decried congestion in banking halls characterised by snaking queues that rendered air conditioning systems useless, especially in the summer. Back in 2012, in a Business Unpacked entry under the headline ‘Why some banks are congested’ I pointed out that the…

  For a long time, Malawians who transact businesses in the country’s commercial banks have decried congestion in banking halls characterised by snaking queues that rendered air conditioning systems useless, especially in the summer. Back in 2012, in a Business Unpacked entry under the headline ‘Why some banks are congested’ I pointed out that the…

  If findings of several recent audits of the operations of the government ministries, departments and agencies (MDAs) are anything to go by, fraud and corruption are rampant in Malawi. The vices tend to happen in various ways, including false claims and inflated invoices for goods and services purportedly rendered to the public sector. In…

  It is a fact that Malawi lacks reliable electricity supply. Barely a day passes without electricity consumers experiencing power outage. To improve the power sector performance, the Ministry of Natural Resources, Energy and Mining embarked on Power Market Restructuring which included reforming the power market to bring on board independent power producers and revamping…

  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…

  Many employees want to get to the top, but few know the secret to a successful career. What is your framework for developing a portfolio of skills that will take you to the top of your career in record time? To gain a good chance of rising fast and high, you need to develop…

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…

Talking shop (noun): A place or group regarded as a centre of unproductive talk rather than action. Talking shop, according to www.merriam-webster.com (touted as ‘America’s most trusted online dictionary’), also refers to a place where people talk about doing things but do not actually achieve anything. For the third time in four years, this week…

  Revelations this week 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 have sent chills in the spines of many patriotic citizens. From the onset, I must say that borrowing in itself is not bad.…

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…