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On 16 November 2023, Chakwera announced the immediate suspension of all international travel orders for himself and his government to reduce costs following a 44% devaluation of the Malawian Kwacha and an agreement to borrow $174-million from the International Monetary Fund to boost the country's ailing economy. He also ordered the immediate ...
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 ...
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]
This article lists events from the year 2025 in Malawi. Incumbents. President: Lazarus Chakwera; Vice-President: Michael Usi (since 21 June) Events.
There was a prayer day in Thondwe on 10 October 2023 and Gadama annouced that her parents were intending to fund an ambulance and she would donate a million kwacha. [5] Gadama is chair of the Malawi Parliamentary Women's Caucus and Malawi is one of the four countries on the Scottish government's priority list. [6]
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 ...
As 2025 approaches, a new trend emerges: “revenge quitting.” Revenge quitting is all about leaving loudly, deliberately and with purpose Move Over 'Rage Applying' And 'Quiet Quitting,' 2025 ...
2018 saw the price of maize spike multiple times, from 100 Malawi Kwacha (US$0.14) per kilogram to 140 Kwacha ($0.19) per kilogram 2018. [58] At the same time, maize production in Malawi decreased 20% in 2018. [59] [60] By September 2018, the price of maize was set by the Malawi government at 170 Kwacha ($0.23) per kilogram. [61]