As Malawians yearn for positive news amid a tough economic climate marked by soaring inflation, the World Bank has sounded the alarm on an impending debt crisis, warning of dire consequences if authorities continue their excessive borrowing.
The National Local Government Finance Committee-NLGFC said 15 out of 23 councils have refunded a fraction of the World Bank abused K1.3 billion funds, which they allegedly mismanaged between 2021 and 2023 financial years.
President Lazarus Chakwera has singled out culture, hope, honesty and peace as some of the lost values that need to be restored to fix the economy and spur development in the country.
The Industrial Relations Court in Lilongwe has issued an injunction stopping the Department of Human Resource Management and Development from proceeding with interviews for the posts of assistant human resource management officers, grade K.
National Food Reserve Agency -NFRA says buying maize from neighbouring countries, would be their last resort if they fail to meet their 105,000 metric tonnes target from locally, despite a 530,000 metric tonnes deficit in harvests of the grain this year.
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