Search results
Results from the WOW.Com Content Network
The kwacha (/ ˈ k w æ tʃ ə /; ISO 4217: MWK, official name Malawi Kwacha [2]) is the currency of Malawi as of 1971, replacing the Malawian pound. It is divided into 100 tambala . The kwacha replaced other types of currency, namely the British pound sterling , the South African rand , and the Rhodesian dollar , that had previously circulated ...
This article lists events from the year 2025 in Malawi. Incumbents. President: Lazarus Chakwera; Vice-President: Michael Usi (since 21 June) Events.
The President of Malawi is expected to be elected using the two-round system following the annulment of the 2019 elections and the ruling of the Supreme Court on 8 May 2020, with a candidate requiring an absolute majority of the vote to win in the first round; if no candidate passes the 50% threshold, a second round will be held.
Malawi's main opposition party, the Democratic Progress Party endorsed on Sunday former President Peter Mutharika to be its candidate in next year's presidential election. Mutharika, 84, who was ...
A court in Malawi has dropped corruption charges against the country's Vice President Saulos Klaus Chilima, clearing a legal hurdle over his potential candidacy in next year's presidential election.
The service sector accounts for 51.7% of Malawi's national GDP. Notable industries are tourism, retail, transport, education, health services, telecommunication and the banking sector. The Government of Malawi holds shares in many important companies, such as Malawian Airlines (51%) and Press Corporation Limited. Press Corporation Ltd. is the ...
On the advice of the International Monetary Fund, in May 2012 Banda devalued the Malawian kwacha, something Mutharika had refused to do. The announcement of the kwacha's devaluation by 33 per cent against the United States dollar, an attempt to attract donor funding, prompted "panic-buying" in Malawian cities, the BBC News reported. [57]
Kabambe was rocked in a salary controversy when it emerged that as governor of Malawi's central bank, his monthly perk was billed at K24 million (about US$30,000). In an interview with Zodiak , Kabambe confirmed the reports, saying his salary was approved by the Bank's board in line with the Reserve Bank of Malawi Act of Parliament and his ...