Despite signs that the worst of a recession in the global economy is over, Malawi will continue to feel its impact for some time, Finance Minister Ken Kandodo said on Monday.
"There are signs of the global crisis easing but I am of the opinion that the crisis may be with us for some time to come," Kandodo told Reuters in an interview.
"The impact of the crisis for us would mean lower prices for our main export commodities like tobacco, cotton, and coffee owing to a shrinkage in the demand for the commodities," he said.
Kandodo said the economy would slow to 7.9 percent in 2009 from 9.7 last year on the back of bountiful tobacco yields and a robust growth in the telecommunications sector.
"The projected slower growth is to some extent because of the effects of the global crisis but it is well above the recommended 6 percent growth."
"Inflation would remain at 9.7 percent this year and the benefits to the country should be manifested in the third and beginning of the fourth quarter which will ease inflationary expectations for the year," Kandodo said.
Without giving exact figures, Kandodo said remittances from Malawians living abroad were likely to fall as a result of hardships brought about by the global recession.
He also said donor inflows, which account for over 50 percent of Malawi's development budget, would likely fall.
"The level of donor inflows could be affected through exchange rate movements," Kandodo said.
Kandodo, who presented his $1.8 billion 2009/10 fiscal budget last week, said the government is determined to maintain the momentum of economic growth as it seeks to mitigate the effects of the global economic downturn.
The 2009/10 budget proposes to increase civil servants salaries by 15 percent, raise the personal tax threshold and fight malaria -- the number one child killer -- by removing tax on mosquito nets to boost domestic output.
It also proposes to raise import duty to 25 percent from 10 percent on some agriculture products such as vegetables, meat offal, spices, potatoes, tea, powdered milk and nuts to encourage local production.
Monday, 6 July 2009
Motorcycle for Africa trains to raise $ 100, 000 to aid Malawi healthcare workers
Motorcycle for Africa, the May 30 home friendly fundraiser to direct motorcycles and motorcycle ambulances to HIV/AIDS community healthcare workers in Nyasaland, maintained a short preliminary event Monday at Toronto Metropolis Hallway with a midday hr concert featuring Juno candidates Mister Something Something and Pumps, Pumps, Pumps.
`` For us cycling is an issue of diversion, transit and town planning, '' told Microphone Brcic, Executive, Bikes Without Mete. `` In other parts of the cosmos a motorcycle can intend the difference between life and expiry. ''
Supplying a cycle or cycle ambulance to community healthcare workers lets them to hit up to five times as many patients, attain remote communities with patient support and HIV/AIDS bar instruction, and make their work more efficiently and with greater impact.
The AIDS epidemic is responsible eight deceases every hr in Malawi.
Out of a population of closely 14 million, mostly one million people in Nyasaland were accepting HIV at the terminal of 2007. AIDS is the directing killer amongst grownups in Nyasaland and is a major factor out the state 's low life anticipation of merely 43 eld.
Motorcycles Without Borderlines, a Canadian organisation utilizing motorcycles and bike-related solutions as a tool for development in marginalized communities, desires to raise $ 100, 000 this Saturday to buy 400 new motorcycles and 100 bike ambulances that will aid community healthcare workers in Nyasaland to hit an judged 15, 000 extra people with lifesaving medicament, bar didactics and extra support services.
`` Healthcare workers will walk two years but to get to a clinic or three or four hrs to get to the following settlement, '' stated Brcic. `` If we can supply them with a motorcycle, we can do their work much more efficacious and aid them turn the tables on HIV/AIDS. ''
Enrolment opens at 11: 30 americium, followed by the event from 1: 00 necropsy to 3: 00 P.M. over on the Toronto Islands. Participants will either walk or sit their motorcycles from a `` clinic '' at Ward 's Island, to an African `` settlement '' at Hanlan 's Point.
`` For an afternoon, you 'll see the life of a Malawian HIV/AIDS community tending worker, '' told arrangers, `` conveying lifesaving medicine to remote communities and doing other labor, assisting to salve lives in a merriment, exciting fashion. ''
Organiser stated they hold several options for walking and cycling that are suited for nestlings of all ages, and will hold mountains of shavers ' amusement and merriment and games at the Hanlan 's Point Settlement at the decision of the bike/walk constituent of the event.
Upon completion of the bike/walk component of the event, all participants will convene at the Motorcycle for Africa Hanlan 's Point settlement for an afternoon of family-friendly merriment, including picnic dinner ( nutrient is included with the cost of your enrolment ) and local sets, conducted by Juno nominated Afro-funk circle Mr Something Something.
`` For us cycling is an issue of diversion, transit and town planning, '' told Microphone Brcic, Executive, Bikes Without Mete. `` In other parts of the cosmos a motorcycle can intend the difference between life and expiry. ''
Supplying a cycle or cycle ambulance to community healthcare workers lets them to hit up to five times as many patients, attain remote communities with patient support and HIV/AIDS bar instruction, and make their work more efficiently and with greater impact.
The AIDS epidemic is responsible eight deceases every hr in Malawi.
Out of a population of closely 14 million, mostly one million people in Nyasaland were accepting HIV at the terminal of 2007. AIDS is the directing killer amongst grownups in Nyasaland and is a major factor out the state 's low life anticipation of merely 43 eld.
Motorcycles Without Borderlines, a Canadian organisation utilizing motorcycles and bike-related solutions as a tool for development in marginalized communities, desires to raise $ 100, 000 this Saturday to buy 400 new motorcycles and 100 bike ambulances that will aid community healthcare workers in Nyasaland to hit an judged 15, 000 extra people with lifesaving medicament, bar didactics and extra support services.
`` Healthcare workers will walk two years but to get to a clinic or three or four hrs to get to the following settlement, '' stated Brcic. `` If we can supply them with a motorcycle, we can do their work much more efficacious and aid them turn the tables on HIV/AIDS. ''
Enrolment opens at 11: 30 americium, followed by the event from 1: 00 necropsy to 3: 00 P.M. over on the Toronto Islands. Participants will either walk or sit their motorcycles from a `` clinic '' at Ward 's Island, to an African `` settlement '' at Hanlan 's Point.
`` For an afternoon, you 'll see the life of a Malawian HIV/AIDS community tending worker, '' told arrangers, `` conveying lifesaving medicine to remote communities and doing other labor, assisting to salve lives in a merriment, exciting fashion. ''
Organiser stated they hold several options for walking and cycling that are suited for nestlings of all ages, and will hold mountains of shavers ' amusement and merriment and games at the Hanlan 's Point Settlement at the decision of the bike/walk constituent of the event.
Upon completion of the bike/walk component of the event, all participants will convene at the Motorcycle for Africa Hanlan 's Point settlement for an afternoon of family-friendly merriment, including picnic dinner ( nutrient is included with the cost of your enrolment ) and local sets, conducted by Juno nominated Afro-funk circle Mr Something Something.
Roskilde festival to fund climate projects in Malawi
The Roskilde rock festival in Denmark has given two million kroner (306,000 euros, 373,000 dollars) to humanitarian organisation DanChurchAid to fund climate projects in Malawi, it said Monday.
The donation is part of the festival's "Green Footsteps" climate campaign.
The money, of which 276,500 kroner was donated by festival-goers, will help pay for permanent water installations to help poor farmers irrigate their drought-hit fields, organisers said.
Roskilde, the biggest rock festival in Scandinavia, ended on Sunday.
More than 80,000 people attended the four-day event which featured some 180 bands playing rock, pop and techno music.
The donation is part of the festival's "Green Footsteps" climate campaign.
The money, of which 276,500 kroner was donated by festival-goers, will help pay for permanent water installations to help poor farmers irrigate their drought-hit fields, organisers said.
Roskilde, the biggest rock festival in Scandinavia, ended on Sunday.
More than 80,000 people attended the four-day event which featured some 180 bands playing rock, pop and techno music.
Malawi’s Tobacco Earnings Down 31% After 14 Weeks of Trading Share
Tobacco earnings in Malawi, the world’s largest producer of the burley variety, have fallen 31 percent after 14 weeks of trading compared with a year earlier, according to Auction Holdings Ltd., a buyer.
Earnings from tobacco fetched $161.2 million by June 23, compared with $233.9 million during the same period a year earlier, Auction said in a statement handed to reporters in Blantyre today.
During the period, farmers sold 99.5 million kilograms (219 million pounds) of tobacco at an average price of $2.08 per kilogram, compared with 98.7 million kilograms at an average price of $2.24 last year.
While the government has set a minimum price of $2.15 per kilogram, buyers are offering farmers less than that because the leaf is of a poorer quality than last year and as the global recession curbs demand.
Tobacco is Malawi’s main foreign exchange earner, accounting for 60 percent of the country’s export earnings. Burley tobacco is a lower-grade variety of the leaf used to fill cigarettes flavored with higher-grade flue-cured tobacco.
Earnings from tobacco fetched $161.2 million by June 23, compared with $233.9 million during the same period a year earlier, Auction said in a statement handed to reporters in Blantyre today.
During the period, farmers sold 99.5 million kilograms (219 million pounds) of tobacco at an average price of $2.08 per kilogram, compared with 98.7 million kilograms at an average price of $2.24 last year.
While the government has set a minimum price of $2.15 per kilogram, buyers are offering farmers less than that because the leaf is of a poorer quality than last year and as the global recession curbs demand.
Tobacco is Malawi’s main foreign exchange earner, accounting for 60 percent of the country’s export earnings. Burley tobacco is a lower-grade variety of the leaf used to fill cigarettes flavored with higher-grade flue-cured tobacco.
President attends Malawi's independence anniversary
Head of State and Government, President Robert Mugabe is in Blantyre, Malawi, at the invitation of the Malawian government.
President Mugabe joins other invited leaders and guests for the celebrations to mark Malawi’s 45th independence anniversary.
Cde Mugabe was seen off at the Harare International Airport by Vice President Joice Mujuru, several government officials and service chiefs.
Malawi attained its independence from Britain on the 6th of July 1964, under the leadership of Dr Hastings Kamuzu Banda.
In 1994 Malawi held its first multi party elections which saw Bakili Muluzi assuming power from Dr Banda.
Bingu wa Mutharika is Malawi’s 3rd president and was recently re-elected to serve a second term.
Zimbabawe and Malawi share close and brotherly ties.
One of the roads in Malawi has been named after President Mugabe as a symbol of the respect that the people of that country attach to the Zimbabwean leader, who is one of Africa’s greatest pan-Africanists.
President Mugabe joins other invited leaders and guests for the celebrations to mark Malawi’s 45th independence anniversary.
Cde Mugabe was seen off at the Harare International Airport by Vice President Joice Mujuru, several government officials and service chiefs.
Malawi attained its independence from Britain on the 6th of July 1964, under the leadership of Dr Hastings Kamuzu Banda.
In 1994 Malawi held its first multi party elections which saw Bakili Muluzi assuming power from Dr Banda.
Bingu wa Mutharika is Malawi’s 3rd president and was recently re-elected to serve a second term.
Zimbabawe and Malawi share close and brotherly ties.
One of the roads in Malawi has been named after President Mugabe as a symbol of the respect that the people of that country attach to the Zimbabwean leader, who is one of Africa’s greatest pan-Africanists.
Malawi President to watch Sihlangu this afternoon
SOCCER – Re-elected Malawi President Bingu Mutharika will be amongst the throngs of people who will watch the international friendly match between Sihlangu and the ‘Flames’, as the Malawi national team is commonly known, this afternoon at the Kamuzu Stadium in Blantyre.
Over 30 000 people are expected to cascade at this stadium to celebrate the country’s 45 years of Independence and this includes leaders from other African countries who started arriving in this country on Friday.
It is also expected that Swaziland would also be represented during this event, although it could not be immediately ascertained who would be attending.
According to reports from local media, Mutharika will watch the entire match as he is said to be an ardent supporter of the ‘Flames’ and regularly attends their games played in the country.
There is lots of excitement amongst the locals in the build-up to this game as they expect the home side to win with ease, given their home ground advantage. However, some local newspapers have warned that Sihlangu could surprise the ‘Flames’, like they did when they stunned Togo in the recent 2010 World Cup Qualifiers.
Sihlangu left for Malawi by plane last Friday.
Over 30 000 people are expected to cascade at this stadium to celebrate the country’s 45 years of Independence and this includes leaders from other African countries who started arriving in this country on Friday.
It is also expected that Swaziland would also be represented during this event, although it could not be immediately ascertained who would be attending.
According to reports from local media, Mutharika will watch the entire match as he is said to be an ardent supporter of the ‘Flames’ and regularly attends their games played in the country.
There is lots of excitement amongst the locals in the build-up to this game as they expect the home side to win with ease, given their home ground advantage. However, some local newspapers have warned that Sihlangu could surprise the ‘Flames’, like they did when they stunned Togo in the recent 2010 World Cup Qualifiers.
Sihlangu left for Malawi by plane last Friday.
Malawi President to watch Sihlangu this afternoon
SOCCER – Re-elected Malawi President Bingu Mutharika will be amongst the throngs of people who will watch the international friendly match between Sihlangu and the ‘Flames’, as the Malawi national team is commonly known, this afternoon at the Kamuzu Stadium in Blantyre.
Over 30 000 people are expected to cascade at this stadium to celebrate the country’s 45 years of Independence and this includes leaders from other African countries who started arriving in this country on Friday.
It is also expected that Swaziland would also be represented during this event, although it could not be immediately ascertained who would be attending.
According to reports from local media, Mutharika will watch the entire match as he is said to be an ardent supporter of the ‘Flames’ and regularly attends their games played in the country.
There is lots of excitement amongst the locals in the build-up to this game as they expect the home side to win with ease, given their home ground advantage. However, some local newspapers have warned that Sihlangu could surprise the ‘Flames’, like they did when they stunned Togo in the recent 2010 World Cup Qualifiers.
Sihlangu left for Malawi by plane last Friday.
Over 30 000 people are expected to cascade at this stadium to celebrate the country’s 45 years of Independence and this includes leaders from other African countries who started arriving in this country on Friday.
It is also expected that Swaziland would also be represented during this event, although it could not be immediately ascertained who would be attending.
According to reports from local media, Mutharika will watch the entire match as he is said to be an ardent supporter of the ‘Flames’ and regularly attends their games played in the country.
There is lots of excitement amongst the locals in the build-up to this game as they expect the home side to win with ease, given their home ground advantage. However, some local newspapers have warned that Sihlangu could surprise the ‘Flames’, like they did when they stunned Togo in the recent 2010 World Cup Qualifiers.
Sihlangu left for Malawi by plane last Friday.
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