Malawi Kwacha firms against dollar | The Times Group

Malawi Kwacha firms against dollar | The Times Group: "A report shows the kwacha remained stable holding still to the dollar in the month of August as the country managed to keep demand and supply of foreign exchange at equilibrium. The report also sites a relatively weaker dollar index and constant tobacco revenue inflow as being behind the good tidings.

But while the report shows prospects of a stable kwacha-dollar exchange rate in the next few weeks, the trend is not expected to hold for long, predicting the kwacha to begin depreciating again as the dollar regains strength."



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Electricity tariffs maintained at K57.72 | The Times Group

Electricity tariffs maintained at K57.72 | The Times Group: "The Malawi Energy Regulatory Authority (Mera) has maintained electricity tariffs at K57.72.kWh having taken into consideration its last tariff adjustment earlier in May when it granted the Electricity supply Corporation of Malawi (Escom) approval to effect the outstanding 8.14 percent tariff increase."



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Corruption in Malawi | The Times Group

Corruption in Malawi | The Times Group: "The European Investment Bank (EIB) has pounced on Blantyre Water Board (BWB), demanding part repayment of the 18 million euros (K15 billion) funding which the Bank made available towards the water and sanitation project in Blantyre and Lilongwe cities due to suspected fraud and corruption."



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Malawi Kwacha depreciates 7% in eight months | The Times Group

Malawi Kwacha depreciates 7% in eight months | The Times Group: The Malawi Kwacha lost value by 7.1 percent against the United States dollar in the first eight months of 2016, according to a report.

Announcing the figures in its latest Monthly Economic Brief, Nico Asset managers attributed the fall to the strengthening of the dollar against other currencies as well as low tobacco prices and high rejection rates that have negatively affected inflow of foreign currency to the country.