Blantyre, Feb 1

Malawi's press on Monday welcomed the naming of President Bingu wa Mutharika as new head of the African Union.

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Lilongwe July 3 2009 

Presenting his K256 billion budget for the first time as Finance Minister, Ken Kandodo said the customs duties removed are aimed at stimulating manufacturing and promoting development projects in the country.  Among other things, duty on construction vehicles and borehole drilling vehicles has been scrapped.  The transport sector allocation has risen by 66% taking up 12 percent of this year's total expenditure.  Among other road projects, government has allocated K3.95 billion for the rehabilitation and maintenance of most existing roads and bridges.

22 May 2009 

Malawi's President Bingu wa Mutharika was sworn in for a second term on 22 May after winning re-election on a platform of economic growth and food for the poor.

The Electoral Commission declared wa Mutharika the victor early in a ballot widely viewed as a test for political stability in the southern African country 

With wa Mutharika, we are likely going to see a positive economic performance as he has already demonstrated," the Economic Association of Malawi (ECAMA) think tank said. "Overall, we envisage economic fundamentals remaining strong."

The Economist Intelligence Unit says Malawi is the world's second-fastest growing economy.