Each Malawian has half a million debt: Chakwera borrows K730 billion in 9 months

President Lazarus Chakwera and his administration have borrowed about K730 billion in 9 months and now  each Malawian has a debt of about K600,000. Finance Minister Sosten Gwengwe said at the National Youth Conference in Lilongwe yesterday that the rate of borrowing is unsustainable. In June last year, Malawi’s public debt was about K5.65 trillion […]

The post Each Malawian has half a million debt: Chakwera borrows K730 billion in 9 months appeared first on Malawi 24.

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