Are they ready?

Sometime three years ago, the country decided that it had enough of Joyce Banda and her People’s Party (PP) government. Banda-led government was not elected into office. The circumstances that led to Malawi having its first female president are well known to Malawians. Despite the goodwill that greeted Banda’s ascension to the presidency, she was […]

The stupidity of intelligence!

There is a book by Elias M. Awad whose title is The Stupidity of Intelligence: What Happened to Common Sense? published in 2015. The title seems to be a contradiction in terms. Most people believe that the opposite is of intelligence is stupidity. But is that the case? The Oxford dictionary defines intelligence as “the […]

Why interest rate spread matters

This column last week discussed the issue of real interest rate and the interest rate spread. Following that discussion, a lot of readers wanted to know why Malawians should bother about interest rate spreads. What is the relevance to their day to day banking and investment decisions? To answer these questions, it is important to […]

Government borrowing and the private sector

On June 6, the Reserve Bank of Malawi (RBM) published ‘Report and Annual Accounts’ for the year ended December 31 2016. Those who have time and are concerned about the economic performance of this country would do themselves a service to read this report. One problem with reconciling the figures in the RBM report and […]

The good, the bad, the ugly of budget

On Friday, Minister of Finance Goodall Gondwe performed his annual ritual of presenting the budget statement for the 2017/2018 financial year to Parliament. This is the fourth annual budget of the current Democratic Progressive Party (DPP) administration and there will only be one more budget before the country gets to the polls again in May […]

The minibus economic lesson

The other week while travelling between Lilongwe Old Town and Area 25 in a minibus, The Nutcracker could not help but marvel at the level of analysis of current affairs that takes place in these late night public transport vehicles. Their level of economic understanding is very real and not based on some mathematical models […]

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