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Malawi ceases use of old bank notes
Malawi Government has scraped all bank notes that were in circulation prior to the introduction of new Malawi Kwacha series last year on May 23, the Reserve Bank of Malawi (RBM) has declared. The bank, in line with Section 20 of the Reserve Bank of Malawi Act, has been notifying the business community and the [...](5/24/2013 1:19:06 AM) |
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Malawi ceases use of old bank notes:RBM extends kwacha exchange
Malawi Government has scraped all bank notes that were in circulation prior to the introduction of new Malawi Kwacha series last year on May 23, the Reserve Bank of Malawi (RBM) has declared. The bank, in line with Section 20 of the Reserve Bank of Malawi Act, has been notifying the business community and the [...](5/24/2013 4:34:17 AM) |
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Malawi finds buyer for presidential jet
Malawi's cost-cutting president is selling her predecessor's jet. Cabinet clerk Ernest Katchetche said Wednesday that the government has identified a buyer for the 14-passenger presidential jet, which ...(5/22/2013 11:55:41 AM) |
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Malawi cuts 2013 growth forecasts, sees sharply lower inflation
JOHANNESBURG (Reuters) - Malawi's economic growth is seen rebounding to 5 percent in 2013, from 1.8 percent in 2012, mainly because of an improvement in agriculture and tobacco processing, Finance Minister Ken Lipenga said on Friday. Lipenga had forecast growth of 5.5 percent at a Reuters Summit in April. Inflation is expected to slow sharply to 14.2 percent by the end of 2013, and 7 percent by ...(5/24/2013 10:53:36 AM) |
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Malawi’s K603.4bn budget for 2013/2014 unveiled: The figures
Malawi’s Minister of Finance, Ken Lipenga, on Friday presented the long awaited President Joyce Banda’s second national budget with a declaration that government will continue with its harsh reforms it undertook last year. Lipenga stood with confidence in front of MPs in the Houses of Parliament saying the “key objective” of the government is to “restore macro-economic [...](5/24/2013 6:34:16 PM) |
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Malawi multi-faith group PAC elects Bishop Tengatenga as new chair, Fr Mulomole spokeman
Malawi quasi-religious organisation the Public Affairs Committee (PAC) has elected Right Reverend James Tengatenga, the Anglican Bishop of the Diocese of Southern Malawi, as its new chairperson. Tengatenga was elected in absentia Thursday at the committee’s annual general meeting in the commercial city of Blantyre. PAC, a platform for different denominations advocating for different issues in ...(5/24/2013 4:34:07 AM) |
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Impoverished Malawi sells presidential jet for $15 mln
LILONGWE (Reuters) - Malawi's luxury presidential jet, bought by late leader Bingu wa Mutharika, has been sold for $15 million to raise cash for the impoverished African country, a government official said on Wednesday. Mutharika, who left the economy on the brink of collapse after he picked a fight with donors whose support accounted for almost 40 percent of the budget, bought the jet for $22 ...(5/22/2013 5:54:22 AM) |
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Malawi Fashion Week to be officially unveiled this Saturday
The Malawi Fashion Week (MFW) will this Saturday, May 25, 2013 hold a motorcade in the streets of Lilongwe as the official unveiling of the inaugural fashion fest the country will be hosting from next week Thursday. The parade, which is scheduled to kickoff at 9am, will start from Area 18A Taxi Rank, through City [...](5/24/2013 7:19:08 AM) |
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Malawi Properties Investment Company shareholders deprived of dividends
The board of the only listed property and construction business, the Malawi Property and Investment Company (Mpico) said it is not recommending any dividend for the year 2012. This has been said by Mpico’s directors Dye Mawindo and Stewart Malata in an annual result statement published this week. The company is on the Malawi Stock [...](5/24/2013 8:34:06 PM) |
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Impoverished Malawi sells presidential jet for $15 million
LILONGWE (Reuters) - Malawi's luxury presidential jet, bought by late leader Bingu wa Mutharika, has been sold for $15 million to raise cash for the impoverished African country, a government official said on Wednesday. Mutharika, who left the economy on the brink of collapse after he picked a fight with donors whose support accounted for almost 40 percent of the budget, bought the jet for $22 ...(5/22/2013 5:42:36 AM) |
| Source: Yahoo |
