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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]
This article lists events from the year 2025 in Malawi. Incumbents. President: Lazarus Chakwera; Vice-President: Michael Usi (since 21 June) Events.
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 ...
The February 2014 Baker Tilly report found that a total of MK 13,671,396,751 (Malawian Kwacha) was misappropriated during the six-month period of 2013: More than MK 6 billion (45%) in Cashgate transactions; nearly MK 4 billion (29%) in payments with no supporting documents; and MK 3.6 billion (26%) in inflated procurement prices.
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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.
The Malawi government said Wednesday that Vice President Saulos Chilima will be honored with a state funeral after he died in a plane crash along with eight other people. President Lazarus ...