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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 ...
16 May – A man in Mponela is convicted of insulting President Lazarus Chakwera after posting an animated TikTok video of him dancing. [1]10 June – 2024 Chikangawa Dornier 228 crash: A Malawi Defence Force aircraft carrying Vice-President Saulos Chilima, former First Lady Patricia Shanil Muluzi and seven other people crashes in the Chikangawa Forest Reserve, killing everyone on board.
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 ...
A devaluation could also result in an outflow of capital and economic instability. [2] In addition, a domestic devaluation merely shifts the economic problem to the country's major trading partners, which may take counter-measures to offset the impact on their economy arising out of a loss of trade income arising from the initial devaluation.
The National Economic Empowerment Fund Limited (NEEF), [1] formerly [2] [3] Malawi Enterprise Development Fund (MEDF) [4] [5] is a Malawian government owned Microfinance Institution with intention to economically empower people [6] in rural and urban areas, [7] (particularly women, girls and people with disabilities), by providing quality, affordable and sustainable microfinance services for ...
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Brazilian Finance Minister Guido Mantega, who made headlines when he raised the alarm about a currency war in September 2010. Currency war, also known as competitive devaluations, is a condition in international affairs where countries seek to gain a trade advantage over other countries by causing the exchange rate of their currency to fall in relation to other currencies.