The national debt is currently estimated to be close to US$20 billion which includes resource-backed loans with China and the African Import Export Bank, multilateral partners and domestic lenders.
Delegates to the 2021 Southern Africa Development Community (SADC) People’s Summit, which ended Thursday in Malawi’s Capital Lilongwe, have implored SADC member states to lobby for the cancellation of what they call unsustainable sovereign debts, saying the debts have heavily burdened the livelihoods of the people in the region. The call for debt cancellation is […]
Education expert Benedicto Kondowe said this amount is enough to enable the government train 385,000 primary school teachers or construct 38,000 classrooms or pay school fees for 100, 000 university students, among other important things in the education sector. Kondowe, who is also the executive director for the Civil Society Education Coalition (CSEC), said this […]