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ActionAid Malawi believes the Kwacha devaluation is one of the conditions Malawi Government has undertaken in anticipation of IMF's Extended Credit Facility (ECF) programme.
Dr. Musokotwane announced that the threshold will be raised to 5,100 Kwacha from the current 4,800 Kwacha in the upcoming national budget.
Source: https://www.lusakatimes.com/2023/09/30/government-proposes-177-9-billion-kwacha-budget-for-2024/
Dr. Musokotwane announced that the threshold will be raised to 5,100 Kwacha from the current 4,800 Kwacha in the upcoming national budget.
Source: https://www.lusakatimes.com/2023/09/30/government-proposes-177-9-billion-kwacha-budget-for-2024/
For the benefit of young music enthusiasts, special student tickets will be available at the affordable price of 6,000 Malawi Kwacha for university, secondary, and primary school students who will be accompanied by a guardian.
Source: https://malawi24.com/2023/07/29/all-set-for-highly-anticipated-driemos-mzaliwa-album-launch/
In terms of regional operations, currency devaluation affected all regional operations except for Zambia, where the Kwacha has strengthened against the US dollar.
Source: https://www.thezimbabwemail.com/business/simbisa-sees-solid-growth-in-half-year/
Mwinilunga, North-Western Province – A 15-year-old girl of Kabanda compound of Mwinilunga district allegedly committed suicide after her elder sister failed to repay her Three Kwacha debt.
Source: https://www.lusakatimes.com/2023/06/17/15-year-old-mwinilunga-girl-commits-suicide-over-k3/
One of the is the ECL eligibility case and of course the Kwacha and Kabushi constituency elections.
President Hichilema had promised the local currency, the Kwacha would appreciate by 2pm after he is sworn at 10AM.
The Zambia National Broadcasting Corporation reports that the Energy Regulations Board (ERB) has reduced the pump price of diesel by 1 Kwacha 64 ngwee per litre.
Source: https://www.lusakavoice.com/2023/05/02/diesel-price-drops-petrol-unchanged-erb-announces/
THE Zambian Kwacha posted a week of appreciation against the United States (US) dollar and other major convertible currencies.
Zambia has failed to leverage it’s position as a top Copper producing nation to improve the economy….today the Kwacha is moving closer to K22 to the USD.