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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 ...
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]
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.
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).
Bon Kalindo also known as Winiko (born 6 June 1980) is a Malawian activist, [1] [2] comedian, politician and actor. In 2023, Kalindo protested against the Malawi Congress Party whose president is Lazarus Chakwera, the current president of Malawi, to step down out of presidency due to devaluation of the country's currency.
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 ...
The monthly payout would now be $2,034, had benefits risen 6.8%, but that retiree gets just $2,015 per month today because benefits only increased 5.8%. The discrepancy totals $228 for the full year.
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]