Frank Jomo

Reporter and Correspondent at Freelance

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Articles

Malawi President Fires Trade Minister After Protest Over Prices

1 month ago | bloomberg.com | Frank Jomo

Malawian President Lazarus Chakwera fired his trade minister, a day after protests erupted in the capital over a cost-of-living crisis in the poverty-stricken southern African nation. Vitumbiko Mumba, who was appointed labor minister last month, will replace Sosten Gwengwe in the trade portfolio, Chakwera said in a statement in parliament in the capital, Lilongwe, on Wednesday.
Malawi President Fires Trade Minister After Protest Over Prices

1 month ago | yahoo.com | Frank Jomo

(Bloomberg) -- Malawian President Lazarus Chakwera fired his trade minister, a day after protests erupted in the capital over a cost-of-living crisis in the poverty-stricken southern African nation.
Malawi Protesters Block Parliament Entrance Over Price Increases

1 month ago | bloomberg.com | Frank Jomo

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Malawi Temporarily Bans All Mineral Exports to Revamp Rules

2 months ago | bloomberg.com | Frank Jomo

Malawi’s government placed a temporary ban the exports of all minerals to allow the country’s Ministry of Mining to streamline procedures. The ministry wants to enhance “regulatory frameworks that benefit both the industry and the country’s economic growth,” it said in a notice in the Daily Times newspaper.
Malawi’s Former Finance Minister Joseph Mwanamvekha Faces Fraud Charges

Jan 7, 2025 | bloomberg.com | Frank Jomo

Malawi former Finance Minister Joseph Mwanamvekha was charged with seven counts of fraud and one of money laundering related to the alleged misappropriation of public funds during his Democratic Progressive Party’s last term in power that ended in 2020. Mwanamvekha and three other top officials in the former administration appeared in court on Tuesday and were granted bail. They are accused of defrauding the government of $274.5 million.
Malawi’s Former Finance Minister Faces Fraud Charges

Jan 7, 2025 | bnnbloomberg.ca | Frank Jomo

(Bloomberg) -- Malawi former Finance Minister Joseph Mwanamvekha was charged with seven counts of fraud and one of money laundering related to the alleged misappropriation of public funds during his Democratic Progressive Party’s last term in power that ended in 2020. Mwanamvekha and three other top officials in the former administration appeared in court on Tuesday and were granted bail. They are accused of defrauding the government of $274.5 million.
Cyclone-Prone Malawi Eyes First Energy Storage to Bolster Grid

Nov 26, 2024 | energyconnects.com | Frank Jomo

Malawi is building its first battery-energy system, a technology that will help protect its grid from cyclones that have battered the southern African nation in recent years. The Global Energy Alliance for People and Planet, a fund that seeks to accelerate the shift to clean energy, is providing up to $20 million for the project, according to a statement Monday. The Malawian government and the state utility ESCOM are also contributing, with the goal of completing the system sometime next year.
Cyclone-Prone Malawi Eyes First Energy Storage to Bolster Grid

Nov 25, 2024 | bloomberg.com | Frank Jomo

Malawi is building its first battery-energy system, a technology that will help protect its grid from cyclones that have battered the southern African nation in recent years. The Global Energy Alliance for People and Planet, a fund that seeks to accelerate the shift to clean energy, is providing up to $20 million for the project, according to a statement Monday. The Malawian government and the state utility ESCOM are also contributing, with the goal of completing the system sometime next year.
Former Malawian Central Bank Chief Readies a Run For President

Nov 18, 2024 | bloomberg.com | Frank Jomo

Malawi’s third-largest party chose former central bank Governor Dalitso Kabambe as its new leader, meaning he’ll be its presidential candidate in next year’s elections. The United Transformation Movement hasn’t had a permanent leader since Vice President Saulos Chilima died in a plane crash in June. Kabambe joined the party just four months ago and secured the top post by a wide margin, seeing off challenges from two of its founders.
UN Seeks $136.5 Million to Help Drought Victims in Malawi

Jul 24, 2024 | bnnbloomberg.ca | Frank Jomo

(Bloomberg) -- The United Nations said it seeks $136.5 million to assist 4.7 million Malawians affected by the El Nino-induced drought in the southern African nation. The government estimates that the drought has severely affected about 44% of the national corn-crop area while other vitals crops such as rice, soybeans and groundnuts have suffered significant damage, the UN said in an emailed statement Wednesday.