Malawi in the News

Exchange Rates and fees - how to deal with them abroad and where to find the best rates.
New York Times article

UDF party members to march for Bakili Muluzi's return. According to Nation, “Our supporters want to welcome him in a manner that has never happened before through among other things carrying his car from the airport to his home and that it will not touch the ground." Could this spontaneous event be a way to distract from the Anti-Corruption Bureua accusations pending against Mr. Muluzi?
Muluzi celebration

Fiscal Budget outlook for 2006/2007 in Malawi is extremely positive with a growth rate of 8.4 %, highest in the world. Inflation is expected to be at 2.2%. These numbers appear suspect because they are based upon positive agriculutural outputs (i.e. no droughts) and moreover, such low levels of inflation are not characteristic of the last few years, given the seasonal fluctuations in inflation due to drought and high demands of maize. Growth in 2005 was at 2.1 %, still good considering the drought and famine, but it was down from 2004: 5.1%. Sean O'Neil, Director of First Merchant Bank, said the projections were "a realistic estimate" and in line with regional expectations in Southern Africa.
2006/07 Budget