Malawi's President Chakwera Bans Himself and His Cabinet from Foreign Travel
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Malawi's President Chakwera Bans Himself and His Cabinet from Foreign Travel
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Description
Malawi's President Lazarus Chakwera has suspended with immediate effect all international travel for himself and his government in a bid to save money. Malawi's economy has been undergoing turbulent times,...
show moreMalawi's economy has been undergoing turbulent times, characterised by an acute shortage of petrol and diesel, as well as high inflation.
Mr Chakwera says the measures would remain in place until the end of the financial year in March 2024.
The president has asked the finance minister to make provisions for a reasonable wage increase for all civil servants in the next budget review.
He has also ordered a lowering of income tax on individuals in the upcoming budget, to help workers whose incomes have lost value.
Information
Author | Africa Business Radio |
Organization | Africa Business Radio |
Website | - |
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