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☆ IMF board approves $178 mln loan to Malawi
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +2 min

Malawian Finance and Economic Affairs Minister Sosten Gwengwe speaks at the State Department in Washington, DC, U.S., September 28, 2022. Kevin Wolf/Pool via REUTERS/File Photo Acquire Licensing RightsBLANTYRE, Nov 15 (Reuters) - The International Monetary Fund's executive board has approved a loan of about $178 million for Malawi, with an immediate disbursement of about $35 million, the IMF said in a statement on Wednesday. "The decision is a big breather for us and our economy," Finance Minister Simplex Chithyola Banda said in a telephone interview with Reuters. The IMF programme will unlock more financial support from development partners, Malawian President Lazarus Chakwera said in a televised national address late on Wednesday. The World Bank could give Malawi $60 million for trade finance, a $217 million package linked to fiscal reforms and $250 million for agriculture, Chakwera said.

Persons: Sosten Gwengwe, Kevin Wolf, Banda, Lazarus Chakwera, Chakwera, Frank Phiri, Anait Miridzhanian, David Gregorio, Sandra Maler Organizations: Finance, Economic Affairs, State Department, Rights, Monetary Fund's, Malawian, Simplex, Reuters, IMF, Bank, Thomson Locations: Washington , DC, Rights BLANTYRE, Malawi

☆ Cyclone Freddy toll surpasses 300 as Mozambique counts bodies
▼ + stars: | 2023-03-16 | by ( ) www.reuters.com time to read: +2 min

MAPUTO, March 16 (Reuters) - The death toll from Tropical Cyclone Freddy has passed 300 people, with authorities in Mozambique taking several days to assess the extent of the damage and loss of life. The storm tore through southern Africa over the weekend for a second time after first making landfall in late February. It is one of the longest-lasting tropical cyclones ever recorded and one of the deadliest in Africa in recent years. At least 53 people have died in Mozambique's Zambezia province, authorities said late on Wednesday, more than doubling their previous count. The storm killed about 27 people in Madagascar and Mozambique before lashing Mozambique a second time.

[1/7] A drone image of Mtauchira village shows the destruction caused by a mudslide where many people lost their lives, in the aftermath of Cyclone Freddy in Blantyre, Malawi, March 16, 2023. Tropical Cyclone Freddy has killed more than 400 people in Malawi, Mozambique and Madagascar since it first made landfall in Africa in late February and circled back to hit the region for a second time over the weekend. In Mozambique, some villages have been completely cut off since the cyclone made its second landfall on Saturday. At least 53 people have died in Mozambique and 326 in Malawi since the weekend, according to government figures. The storm had already killed about 27 people in Madagascar and Mozambique before it lashed Mozambique a second time.

☆ Malawi vice president arrested over corruption, says graft watchdog
▼ + stars: | 2022-11-25 | by ( ) www.reuters.com time to read: +2 min

BLANTYRE, Nov 25 (Reuters) - Malawi's Anti-Corruption Bureau has arrested the country's Vice President Saulos Klaus Chilima over graft allegations, it said on Friday. Chilima would be taken to court where he was expected to be charged with three counts of corrupt practices by a public officer, among other charges, the corruption watchdog said in a statement. The statement alleged Chilima was rewarded for assisting Xaviar Limited and Malachitte FZE, two companies connected to British businessman Zuneth Sattar to be awarded contracts by the Malawi Government. In August, the Financial Times reported that Sattar was under investigation by Britain's National Crime Agency over alleged abuse of Malawi's public procurement system. Earlier this year, Malawi's President Lazarus Chakwera dissolved his entire cabinet on charges of corruption against three serving ministers.

☆ Uganda’s President Museveni slams ‘Western double standards’ over Germany coal mine plans
▼ + stars: | 2022-11-14 | by ( Nimi Princewill | ) edition.cnn.com time to read: +3 min

CNN —Uganda’s President Yoweri Museveni has slammed Western countries over what he calls a “reprehensible double standard” in their response to the energy crisis brought about by the Russian invasion of Ukraine. In September, Russia which had come under a raft of Western sanctions over its invasion of Ukraine, halted gas supplies to Europe, leaving the region that was dependent on Russian oil and gas imports scampering for alternatives. But Europe’s largest economy has now been forced to prioritize energy security over clean energy as gas supplies from Russia froze. Just like Germany, many other European countries are reviving coal projects as alternatives to Russian energy. Making ‘a mockery’ of climate targetsMuseveni, 78, says Europe’s switch to coal-based power generation “makes a mockery” of the West’s climate targets.

U.S. President Joe Biden delivers remarks at the Global Fund’s Seventh Replenishment Conference in New York, U.S., September 21, 2022. REUTERS/Leah MillisUNITED NATIONS/NEW YORK, Sept 21 (Reuters) - The Global Fund to fight AIDS, tuberculosis and malaria on Wednesday reached $14.25 billion pledged as world leaders seek to fight the killer diseases after progress was knocked off course by the COVID-19 pandemic. The Global Fund said the $14.25 billion figure is likely to increase as more donations are expected. We will end AIDS, we will end tuberculosis, we will end malaria – once and for all," she said. Nigeria pledged $13.2 million, the Netherlands pledged 180 million euros and Indonesia pledged $15.5 million, alongside private sector pledges.

☆ După ce veniturile din tutun au scăzut aproape la jumătate, un președinte din Africa anunță că țara sa trece pe cultura de canabis
▼ + stars: | 2021-05-13 | by ( Onixmedia Srl | ) diez.md time to read: +2 min

După ce veniturile din tutun au scăzut aproape la jumătate, un președinte din Africa anunță că țara sa trece pe cultura de canabisPreședintele statului african Malawi, Lazarus Chakwera, a anunțat declinul principalului produs de export al țării sale, tutunul, și îndeamnă la înlocuirea acestuia cu canabisul, care a fost legalizat pentru anumite scopuri anul trecut. „În mod clar, trebuie să ne diversificăm și să cultivăm și alte culturi, cum ar fi canabisul, care a fost legalizat anul trecut pentru uz industrial și medical”, a adăugat el. Creșterea de anul trecut a fost de doar 1,9 %, din cauza pandemiei. În același timp, canabisul a început să fie acceptat pentru uz medical. În februarie 2020, parlamentul din Malawi a votat o lege care legalizează cultivarea și procesarea canabisului pentru uz medical și a fibrelor de cânepă în industrie, dar nu a dezincriminat folosirea acestora pentru uz recreațional.

Persons: Lazarus Chakwera, canabisul Locations: Africa, african Malawi, Lazarus, Malawi, Africii, Zambia, Lesotho, Zimbabwe

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