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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; ... This page was last edited on 1 January 2025, at 06:35 (UTC).
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]
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]
17 November – Police fired tear gas to quell an anti-government protest against deteriorating economic conditions and rising cost of living in Malawi. Hundreds of people poured onto the streets of the southern commercial hub of Blantyre, calling on President Lazarus Chakwera’s administration to take immediate steps to rein in soaring prices ...
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 ...
In August 2020, the Malawi Anti-Corruption Commission froze the bank accounts of Peter and his wife Gertrude, as a part of an anti-corruption investigation into the importation of 5 billion Malawian kwacha's worth of cement free of taxes, a privilege for incumbent presidents in Malawi. [30] In January 2021, the High Court dismissed Mutharika's ...
In March the Malawi Electoral Commission announced a new election date, 2 July, one day before the 150-day limit to hold elections set by the Constitutional Court. [5] On 21 May the Legal Affairs committee of parliament endorsed fresh presidential elections to be held on 23 June rather than 2 July.