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The mining and service sectors are likely to be highly influential in shaping the economic environment in Malawi in the future. The Kayelekera uranium mine is scheduled to open in 2009, and at its peak production is expected to increase mining output by 5 per cent and exports by 25 per cent. In 2009, the sector is estimated to grow by 9.6 per cent mainly thanks to these anticipated exports from the Kayelekera mine. Furthermore, increased quarrying, mining of agricultural lime and improved performance by the Mchenga coal mine are also likely to boost mining output further in the years ahead.
As for the future, although Malawi was insulated from the contagion effects of the current global financial crisis, it is likely to suffer
from second round effects arising from decline in demand for its commodities, reduced investment inflows as well as overseas development
assistance (ODA). GDP growth is therefore likely to slow in the medium future. However, if uranium production reaches the output planned
it could partly offset the negative effect of the financial crisis on the Malawian economy.
Your commentsAs a business man here.Last here we had bad time but this year but this thanks to god things are improving. it's like any place in planet to do business you'll need to some research. Not bad like to do business. Phenomenal berakdown of the topic, you should write for me too! We want to import white pegionpeas(Toor) from Malawi.Anybody who can supply us good quality at a good rate can contact me on info@peritusinternational.in or call me on cell no. +91 9426001753.
Mukund Dhorajiya |
The current President Bingu wa Mutharika was elected in May 2004 under the patronage of the United Democratic Front (UDF) party. However, he left the party within a year and established a new Democratic Progressive party (DPP), ostensibly because of UDF opposition to his anti-corruption campaign. Political infighting subsequently led to an impeachment motion being launched by opposition MPs. The motion appeared to have lost momentum until the budget debate in 2007, at which point tensions were reignited and eventually led the budget to be delayed by three months. Similar issues arose in 2008 and once again the passing of the national budget was significantly delayed. In May 2009 legislative and presidential elections were helded.Malawi's President Bingu wa Mutharika has won a second five-year term in office, according to the country's electoral commission.The commission said that he had won 2.7 million votes, with his nearest rival John Tembo winning 1.2 million. Mr Tembo has alleged that there was election fraud. |
What do you think about the current political situation in Malawi?Your commentsAt least we have peace then we hope we can still live like this. There's not point to critised african politicien. This the virus every politicien got in Africa got. If he won is fine but if he lose is fraud. This what happened last year in presidential election What Mr.Camara said is right that the problem with African politicien. |
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Your commentsIt nice place to visit Malawi It's nice, where to visit! |