Tags: NSO

Macra says survey will improve ICT services

  Malawi Communications Regulatory Authority (Macra) says a survey on access and usage of information and communications technology (ICT) will help Malawians to take stock of achievements and gaps in the sector. Macra director general Godfrey Itaye said this yesterday in Blantyre at the launch of the survey report on household and individual access and…

Electricity tariffs going up January 1

  Malawians will from New Year’s Day in 2016 start dipping deeper in their pockets to pay for electricity as Malawi Energy Regulatory Authority (Mera) has approved a tariff hike to K53.69 (about $0.08) from the current K40.69 (about $0.06) per kilowatt-hour. This raise comes barely a month after the energy regulator gave Electricity Supply…

Inflation edges up to 23%

  Malawi’s year-on-year inflation as measured by consumer price index (CPI) rose by 0.8 percentage points to 23 percent in August 2015 from 22.2 percent the month before, the National Statistical Office (NSO) has said. The Zomba-based NSO has attributed the increase to “general price increase during the period as compared to the same period…

  When Nelson Mandela said ‘our major challenges are joblessness, crime and corruption’, many thought he spoke for South Africans only, but if you look around, these are calamities that continue to derail success of most African countries have not spared Malawi. The 2013 Malawi Labour Force Report by National Statistical Office (NSO), published in…

‘Do not panic  on food crisis’

Minister of Agriculture and Water Development Allan Chiyembekeza has assured the nation that no one will die of hunger this year following a report by Malawi Vulnerability Assessment Committee (Mvac) which estimates that 2.8 million Malawians—about 20 percent of the country’s population—face starvation. According to Chiyembekeza, government will next week release final figures which partly…

Malawi lending rates shock financial expert

London-based financial trainer and investment adviser, Paul Richards, has expressed shock over the country’s bank lending rates, saying they are prohibitive for individual borrowers and investors. Richards has warned that local financial institutions risk stagnation if corporate financing continues to be characterised by high interest rates that hover around 40 percent. He said Malawi’s lending…

Entrepreneurship key to job creation, economic growth

Ecom Vocational Training Institute (EVTI) has said entrepreneurship is critical in addressing unemployment and the socio-economic challenges Malawians are currently grappling with. EVTI board chairperson Chrispin Mussa said in an interview on Saturday that Malawi needs to invest in developing entrepreneurial skills among the youth to avert problems the country is facing as a result of the…

NSO says data vital for development

The National Statistical Office (NSO) has said statistical data is vital for national development, adding that it helps in national budget planning as government knows what social services are needed for the people. Commissioner of Statistics, Mercy Kanyuka, said this on Saturday in Mzuzu during the celebration of Africa Statistics Day which falls on November 18. The…

Malawi fuel storage capacity improves

Malawi’s fuel storage capacity has improved from about ten days cover to about 15 days cover, a latest survey conducted by the Malawi Energy Regulatory Authority (Mera) has showed. Mera director of Economic Regulation Eunice Potani made the revelation in Lilongwe during the official presentation of results of a detailed baseline energy demand survey which…

Inflation inches down to 23.9 percent

Malawi’s inflation rate as measured by the Consumer Price Index (CPI) fell slightly by one percentage point to 23.9 percent in April compared to the previous month. The National Statistical Office (NSO) CPI dashboard indicates that urban inflation dropped to 33.7 percent from 34.3 percent while rural inflation receded to 19.1 percent from 19.5 percent.…

RBM counters IMF inflation target

The Reserve Bank of Malawi (RBM) has projected that the country’s inflation rate will fall to around 16 percent in December this year, effectively countering the International Monetary Fund (IMF) single digit target. RBM, according to minutes of the latest Monetary Policy Committee (MPC) meeting held last week chaired by the central bank’s governor Charles…