The International Monetary Fund (IMF) has approved $88.3 million (K90.4 billion) to Malawi under the fund’s Rapid Credit Facility (RCF).
Confirming the development to MBC Online, Minister of Finance, Sosten Gwengwe said the money will be disbursed to Malawi with immediate effect.
Gwengwe further said the funds will help the country in several ways including replenishing Malawi’s forex reserve.
New 31-member cabinet includes six figures who are related to each other, although not to the president. Malawians have voiced Read more
In a shocking tale to absorb, ACB boss Martha Chizuma has taken her corruption fight against her bosses, openly going Read more
President Lazarus Chakwera has delegated former president and Malawi’s first president in the multiparty democracy Bakili Mluzi to represent him Read more
Former President Bakili Muluzi has described as an honor a decision by President Lazarus Chakwera to delegate him to represent Read more
Former President Bakili Muluzi has described as an honor a decision by President Lazarus Chakwera to delegate him to represent Read more
President Lazarus Chakwera has committed to deal with challenges affecting the country's private sector investments such as land, legal and Read more
Despite stating its intention to open a diplomatic mission in Israel, government has not appointed diplomats for the mission. The Read more
Former President Dr Bakili Muluzi with Zambian President Hakainde Hichilema as they pay their last respect to the late Rupiah Read more
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```President Lazarus Chakwera yesterday held talks with United States Secretary of State, Antony Blinken, who commended Malawi’s clear calls for Read more
