Tag: Economic crisis
Prospects of Reduced Inflation in Malawi: A Glimmer of Hope for 2025
By Burnett Munthali As Malawi grapples with economic challenges, inflation has been a pressing issue for both households and businesses alike. However, recent statements from Macdonald Mafuta Mwale, the Governor of the Reserve Bank of Malawi (RBM), have brought a sense of optimism regarding the country’s economic outlook. According to Mafuta Mwale, there is a […]
Malawi’s Economic Crisis Deepens Amid Macroeconomic Imbalances, World Bank Report Reveals
By Burnett Munthali Malawi’s economic crisis continues to deteriorate, exacerbated by unresolved macroeconomic imbalances, according to the latest edition of the Malawi Economic Monitor (MEM). The report, titled “The Rising Cost of Inaction”, sheds light on the country’s economic challenges, with a particular focus on unlocking the potential of the mining sector to help mitigate […]
Top 10 countries in Africa with largest debts in mid-2024
Due to issues including excessive borrowing, poor economic management, unstable political environments, and volatile commodity prices, many African countries are today struggling with huge amount of debts. Here are the top 10 countries in Africa with the largest debts in mid-2024. Eritrea (210.6% of GDP) Read moreMalawi business tycoon Simbi Phiri disassociates himself from forming up “Congress for […]