Sunday, March 9, 2025
الرئيسية بلوق الصفحة 12

RBM Deputy Governor says inflation rate turning the corner

Mafuta Mwale-Inflation will turn the corner

Reserve Bank of Malawi (RBM) deputy governor McDonald Mafuta Mwale says inflation rate, currently at 34.3 percent, will soon turn the corner as the central bank is seeing signs of easing pressure on prices.

Mafuta Mwale said in an interview yesterday that the economy has been experiencing inflationary pressures emanating from food prices at a time non-food inflation has eased to 21.8 percent, according to National Statistical Office figures.

Said Mafuta Mwale: “But we are quite aware that the government and donors have accumulated enough foodstuffs, including maize such that once distribution of these food items picks up speed coupled with RBM tight monetary policy, inflation will start decelerating.”

He said the RBM, Ministry of Finance and Economic Affairs and Ministry of Agriculture have put in place a coordinated action plan to ensure that inflation, a monster that eats into people’s disposable income, is contained to the expected levels.

“As a central bank, maintaining a tight monetary policy has helped to reduce spillover effects from the rising food prices to the non-food inflation. The bank is also carefully monitoring and analysing the potential impact of the current geopolitical conflicts in the Middle East to see that we proactively plan how we can cushion the economy from yet another external economic shock that can have adverse effects on our fight against local inflation pressures,” explained Mafuta-Mwale.

Economics Association of Malawi acting president Bertha Bangara Chikadza, in an interview, suggested a strong collaborative approach between monetary and fiscal authorities to manage inflation and stabilise the economy.

“The issue of imported inflation driven by currency depreciation, demands a coordinated effort to enhance domestic production,” she said.

Mzuzu University economics lecturer Christopher Mbukwa advised authorities to sort out supply side constraints alongside the monetary policy.

In its recent Monetary Policy report, RBM projected that annual inflation will be at 33.5 percent this year from 28.8 percent last year.

Nankhumwa Registers, Storms Southern Region Registration Centers

Dr. Kondwani Nankhumwa, President of the People’s Development Party (PDP), is intensifying his voter registration campaign in Malawi’s Southern Region.

“This morning, I am visiting three constituencies in Mulanje District as a continuation of my interactions with our People’s Development Party grassroots leaders,” Dr. Nankhumwa announced on Facebook.

He emphasized the importance of voter registration, stating, “The voter registration exercise is a crucial process that prepares citizens for upcoming elections, specifically the tripartite elections scheduled for 2025.”

Dr. Nankhumwa urged all eligible citizens to register, saying, “Voting is a fundamental civic duty. It allows individuals to express their opinions on governance and influence decision-making processes at various levels. By registering to vote, you will be fulfilling your responsibility to engage in democratic processes.”

He also called on community leaders to join him in promoting voter registration, saying, “Let me request religious, traditional and other political leaders to join me in encouraging voter registration. Your advocacy can help raise awareness about the importance of voting and motivate citizens to act.”

Dr. Nankhumwa’s voter awareness campaign will continue in Chiradzulu, Mulanje, Neno, and other districts in the Southern Region before moving to the Northern Region.

Malawians still in deep shock with 20 July 2011 massacre in Mzuzu under DPP era

Civil society organizations, individuals families of the victims, faith organizations among others continue to remember 20 July as a dark day in the history of multiparty democracy as 20 peaceful and unarmed protesters were mercilessly gunned down by DPP regime just for standing up against the repressive administration.

The death of these people were of the result of the order from the government to use excessive lethal force on poor masses. The people were demonstrating against poor economy, fuel shortages and autocracy.

Though many years have passed but still many Malawians remember this day in their hearts as a day of pain and darkness.

During the demonstration, police launched a crackdown on reporters who were beaming the situation from the ‘battlefield’ and MACRA switched off radio stations for several hours on that day which is the violation of free press.

Representative of the bereaved families, Mercy Mbesuma on many memorial services said that families of the deceased are in dire need of financial support.

“Currently, most of the widows and children of the deceased are struggling to make ends meet. We would like the government to assist the widows with soft loans to start various business ventures and put their children on bursary scheme,” she said.

During the event which takes place every year at Zolozolo Cemetery, it was learnt that most of the promises made by government authorities in previous commemorative events like fencing the deceased’s burial places and putting their children on bursary scheme have not been fulfilled.

Chakwera calls on citizens to actively participate in voter registration

President Dr. Lazarus Chakwera has called on citizens in the country to actively participate in the voter registration by the Malawi Electoral Commission (MEC) which has commenced in some districts.

In his address to the nation, President Chakwera stressed the importance of voting as a fundamental right for all Malawians, especially those who have attained the age of 18 and possess a National Identity Card.

President Chakwera urged political, traditional and church leaders to sensitise their members on the significance of participating in the voter registration.

He further highlighted that the act of voting is essential for upholding democracy among the people of Malawi, particularly in preparation for the upcoming General Election.

President Chakwera commended MEC for ensuring that there is adequate supply of materials for the registration process.

TRUTH BE TOLD: Chakwera holds silent vote in north for abolishing ‘evil quota’ system

If there is one thing that northern region will stand up for Chakwera and vote for him again is the abolishment of quota system that was being used by the previous regimes to select students into the public universities as the north regarded that as a tool of denying them a right to education as enshrined in Section 25(1) which says that; all persons are entitled to education.

The quota system, which is based on students’ district of origin, rather than merit alone, has been used for nearly a decade and acted as a form of affirmative action for students from the country’s central and southern regions due to their perceived regional underrepresentation at universities.

However, some academics, clergymen and political activists had described this discriminatory against northerners where the minority Tumbuka are based but the then ruling party could not take the advice. The Livingstiania Synod was the crusaders of urging Mtumbuka people and other northern folks to not vote for any party that was for quota system.

The opposition under the leadership of President Dr Lazarus Chakwera campaigned against this perceived discrimination and promised to end the quota system once voted into power and the people of the north overwhelmingly voted for repealing of the policy through their vote on the ballot box. At the end tumbuka people teamed up and purged DPP out of government.

“In secondary education, the president promised the removal of the quota system of selecting students. He said, “I want to assure all Malawians that while the previous administration made sure that its quota system was gone, my administration will make sure that it is dead, said Chakwera in one of his SONA speeches and that has been fulfilled.

“This system was discriminatory. Some students with 10 points were not taken because they came from North and yet someone from Mangochi with 21 points could be taken to study Agriculture Economics at LUANAR. This was total discrimination and tribalism and we thank Chakwera for ending the bad governance and blatant disregard of law of law, said Ceaser Kondowe an expert in social economics.

Neno Chiefs laud Chakwera for pumping in K35billion for Neno road construction

0

Traditional leaders have hailed president Chakwera for the Construction works for Neno tarmac road set to start soon, with scheduled completion set in 18 months time.

Neno District Council officials have also hailed commencement of the road works that are set at K35.7 billion saying it will improve mobility of people and trade activities of people in the district.

Neno District Disaster Risk Management Officer, Brighton Mphinga expressed the councils gratitude at Ligowe Village Traditional Authority Mlauli in Neno at a ceremony marking commencement of upgrading of 20 Kilometers of the road from Ligowe Village up to Neno Stadium.

The 20 kilometers road is being constructed by CR-20, a construction firm who took over after government terminated China Geos contract.

Mphinga, who represented Neno District Commissioner at the ceremony, said the Council was looking forward to successful road upgrading, saying the commencement was a move in the right direction towards socio-economic development.

“In almost 50 years, Neno has been without a tarmac road. We are happy that a contractor has come to construct the road,” said Mphinga.

Patricia Kwada who represented Senior Chief Mlauli, said the road project will help improve economic activities specifically highlighting the improved mobility of people and goods

“Commodities in Neno are more expensive to that end. This means commodities will be affordable once the road is completed.

CR-20, Construction Manager, Towa Mzumala, assured the people of Neno that the company will construct a high quality road, disclosing that the road will be wide enough with extra space for motorcycles and pedestrians.

President Chakwera hails diplomatic ties with India, pushes for girl child support

0

President Dr. Lazarus Chakwera has called for promotion of the rights of the girl child and ending child marriage in the country.

Speaking at a State Banquet at Kamuzu Palace held in honour of the visiting President of India, Smt. Droupadi Murmu, President Chakwera emphasised the importance of empowering girls to reach their full potential.

He cited President Murmu as a powerful example of what girls can achieve when protected and supported.

Earlier in the day, the two leaders held bilateral talks, which resulted in the signing of four Memoranda of Understanding (MoUs) in the areas of sports, culture, education and health aimed at strengthening the ties between Malawi and India.

“Let me also announce that the Government of India has pledged to donate 100 metric tonnes of rice to assist Malawi in addressing hunger caused by the El Niño weather phenomenon, which has affected 23 districts across the country,” said President Chakwera.

In her remarks, President Murmu underscored the special partnership between India and Malawi, noting that India values its bilateral relationship with Malawi, particularly in the fields of human capital development, education, culture, and health.

She also announced the establishment of a permanent artificial limb center in Malawi, marking another step in India’s continued support of the country’s healthcare sector.

President Murmu expressed pride in the contributions of the Indian community to Malawi and thanked Malawians for making the Indian residents in Malawi to feel at home.

“Let me assure Malawians that the bond of cooperation between India and Malawi will only continue to grow, and India will remain committed to supporting Malawi in various areas of development,” she concluded.

Meanwhile, the President of India has left the country after a successful stay in Malawi.

Nankhumwa Reaffirms Commitment to Education at Child Jesus Nankhunda Seminary Centenary Celebration

Peoples Development Party (PDP) President Kondwani Nankhumwa today joined the Catholic community in celebrating the 100-year anniversary of the Child Jesus (Nankhunda) Minor Seminary in Zomba Diocese.

Nankhumwa praised the seminary’s role in shaping leaders and providing quality education, saying, “For the past 100 years, the Nankhunda Minor Seminary has played a vital role in nurturing individuals who have made significant contributions to Malawi’s social and economic development.”

“As a nation, we cherish the importance of education in shaping the future of our youth,” Nankhumwa emphasized.

“Today, we honor the legacy of this remarkable institution and celebrate the many people who have been part of its journey,” added Nankhumwa.

The PDP leader reiterated his commitment to education, recognizing its pivotal role in Malawi’s growth and progress.

The centenary celebration underscores Nankhumwa’s dedication to empowering Malawi’s youth through education, aligning with recommendations for youth-centric policies to drive innovation, entrepreneurship and economic diversification.

Nankhumwa’s presence at the event demonstrates his support for educational institutions that contribute to the nation’s development.

Nankhumwa was accompanied by high-ranking PDP officials including the Director of Elections Nanariwa Nanguwo, Director of Logistics Christian Piyo, Publicity Secretary Rhodes Msonkho, Director of Women Akuka Claire Kachapira, Administrative Secretary Bessie Chirambo, Director of Campaign Judith Masanda, Director of Social Services Margaret Mwase, Director of Youth Austin Nsopera, Regional Governor for Eastern Region Maxwell Chizimba, and Deputy Director of Campaign Dinnah Solomon, among others.

UTM aspiring President Dr. Mathews Mtumbuka and renowned academic Professor Francis Moto were among other prominent Malawians in attendance.

The Right Reverend Alfred Mateyu Chaima, Bishop of the Zomba Diocese was leading the Catholic clergy at the colourful event

EU blesses President Chakwera with K107 billion for socioeconomic development

0

As the 2025 presidential race is heating up, influential donors such as European Union ( EU) have stepped to the plate by pumping and pledging substantial financial and technical support to President Dr Lazarus Chakwera and his MCP government, signalling confidence in his leadership.

Securing a major direct budgetary support after 10years drought is a major boost for Malawi’s economic growth and aspirations, governance analysts have said.

“The signing of 55 million Euros which translates to K107 billion of which 50 Euros will go direct to budget marks milestone regarding economic development of the country. This agreement represents a renewed commitment to shared vision of sustainable development and prosperity. We are very much sincere to the EU for trust Chakwera’s leadership with this staggering amount of money.

“This financial facility is poised to catalyze transformative projects across multiple sectors, propelling the country’s development ambitions to new heights. With this money, will embark on transformative projects to redefine our nation’s infrastructure landscape, education, health delivery services among others,,” said the Simplex Chithyola Banda Minister of Finance after signing the agreement.

He has further said government top priorities are expand access to quality education, digital literacy programs as education plays a pivotal role in driving societal advancement, that the funds will help the economy to rebound and drive growth while tanking inflation, enhancing health sector describing it as bedrock of development among others.

In his remarks, EU Ambassador, Rune Skinnebach described the budget support as sign of confidence in Chakwera and his government.

Commenting on the same. MCP’s legal advisor, George Jivason Kadzipatike and governance expert Undule Mwakasungula have both hailed the resumption of the support describing it as “turning point” under Chakwera’s leadership.

Malawi has been grappling with inflation and lack of forex and the money is expected to stabilize the market forces.

Castel Malawi commends peaceful relationship with staff

0

Castel Malawi Limited has stressed the importance of a conducive working environment and industrial peace, noting that these factors contribute to the success of organizations.

The company’s Human Resources and Corporate Affairs Director, Gloria Zimba made the remarks during the Castel Malawi Workers Union (Camawu) Annual General Assembly in Salima over the weekend.

“As Castel Malawi, we believe that if there is industrial peace within the company, it contributes to the success of the company,” she indicated.

During the Assembly, Castel Malawi Managing Director, Thomas Reynaud painted a bright outlook for the years ahead after the turbulent business environment in the third quarter of this year due to among other things, increased road accidents for its trucks, high exchange rates and others.

“Despite all these challenges, as a company, we have had some positive outcomes. We have kept on driving hard and pushing our sales. Although we had some months of poor sales, we have had a lot of exciting months with very good sales volumes, which have been reflected in the Employee Incentive Bonus which we have been giving out every month to our employees.”

“We also managed to get the 20% excise tax from the government, for beer from the locally produced grain, like sorghum and maize clear beer. Even though, we are yet to benefit from this because we have not yet purchased any sorghum grain. Lastly, we have had a very good working relationship between management and our employees. It is my wish that this must continue for the good of Castel Malawi,” said Reynaud.

Camawu president, Reuben Kapito commended the company for prioritizing workers’ welfare, through supporting activities of the Union.

During the meeting, Zimba also implored the government through the Ministry of Finance to ensure it is impartial and transparent in implementing the newly introduced tax stamps policy on various businesses in the country.

Zimba said Castel Malawi is ready to implement the policy because it is a positive step forward, but its effectiveness hinges on equitable enforcement, as it aims to eliminate illicit products from the market.

“If this tax stamp is applied fairly to everyone, Malawi will benefit from compliant taxes and safer products in the market,” she stated.

Malawi Congress of Trade Union’s (MCTU) Educator, Marie Kambeja echoed Zimba’s views, stating the significance for regulators to ensure that the law is applied equally.

“We believe the government has introduced this policy for valid reasons, but it must be enforced impartially, not selectively,” she emphasized.

The Malawi Revenue Authority (MRA) has recently started enforcing use of tax stamps on various goods in the country to eliminate cases of smuggling.