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EU sees pressure on economy | Nation Online

European Union (EU) Ambassador Rune Skinnebach says Malawi’ economy is under pressure amid lack of resilience and limited fiscal space. Speaking on the sidelines of a media engagement with members of the Blantyre Press Club on Tuesday, he said lack of resilience in Malawi comes because of poverty, with mandatory expenditures, at 94 percent, eating

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World Bank slashes Malawi's economic growth rate to 2%

The World Bank has slashed Malawi’s economic growth rate for 2024 to two percent from an earlier projection of 2.8 percent due to prolonged dry spell and the continued scarcity of foreign exchange. In its April 2024 Malawi Macro Poverty Outlook, the Bretton Woods institution has since warned that high inflation and food shortages will

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Services sector growth outpaces agriculture

The services sector is registering the fastest annual growth of 1.8 percent, aaccording to an analysis, a situation commentators say reduces the economy’s over-reliance on agriculture which has become risky amid weather shocks. An analysis by Lloyds Bank, one of Britain’s retail and commercial banks, shows that although the agriculture sector employs the largest share

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Malawi's persistent scourge of poverty

Since independence in 1964, the Government of Malawi has aligned its development agenda with policies and strategies to improve its socio-economic landscape. Having implemented the Statement of Development Polices and the Poverty Alleviation Programme, among others, before independence, growth decelerated mainly due to external shocks. Malawi introduced Vision 2020 in the 2000s whose pillars were

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Why Malawians abroad shun local investments | The Nation Online

Why Malawians abroad shun local investments | The Nation Online
mwnation.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mwnation.com Daily Mail and Mail on Sunday newspapers.

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State firms payments to govt to fall 90% | The Nation Online

State firms payments to govt to fall 90% | The Nation Online
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Off-budget support up,treasury still cautious Off-budget support up,

Off-budget support is expected to double in the 2024/25 fiscal year, figures show, but Treasury wants the support to be reduced to curb purported violation of aid effectiveness principles. Ministry of Finance and Economic Affairs figures show that off-budget support, which is project support from development partners whose finances are not directly managed by the

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Ex-DPP National Director of Operations Jeo Big Nyirongo joins MCP

Information reaching this publication indicates that former National Operations Director for the Democratic Progressive Party (DPP) Jeo Big Nyirongo has joined

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Economic activity below potential | The Nation Online

Economic activity below potential | The Nation Online
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Inflation rises to 35% as pressures remain elevated

Inflation rises to 35% as pressures remain elevated
mwnation.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mwnation.com Daily Mail and Mail on Sunday newspapers.

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