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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 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 ...
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 ...
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).
Elson Bakili Muluzi (born 17 March 1943 [1]) is a Malawian politician who was President of Malawi from 1994 to 2004. He was also chairman of the United Democratic Front (UDF) until 2009. He succeeded Hastings Kamuzu Banda as Malawi's president. He also served in Banda's cabinet as minister without portfolio, before retiring in 1980.
In 2025, Social Security will tax wages up to $176,100, up from $168,600 in 2024. The change takes effect in January 2025, though the tax rate on those wages, 6.2 percent, will remain the same.
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]