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.
Malawian Vice President Saulos Chilima, a potential candidate for the top job in next year’s elections, was killed in a plane crash, the nation’s leader said.
Malawi devalued its currency by 44% amid a shortage of dollars that has curbed imports of fuel and other commodities in the debt-stricken southern African nation.
Malawian President Lazarus Chakwera declared a state of disaster in its southern region as the death toll from a tropical cyclone increased to almost 100 and heavy rains damaged power supplies and infrastructure.
The International Monetary Fund postponed a planned mission to Malawi to allow further discussions on the treatment of its debt, Finance Minister Sosten Gwengwe said.
Malawian President Lazarus Chakwera named Sosten Gwengwe as the country’s finance minister as he finalized the appointment of a new cabinet after dismissing the entire executive earlier this week over graft allegations.
Malawian President Peter Mutharika was sworn in for a second five-year term on Tuesday, a day after he was declared the winner of May 21 elections that the main opposition said was deeply flawed.
Malawi’s Vice President Saulos Chilima declared himself available to stand as a presidential candidate in next year’s elections and said he was in talks with political parties on whether they would back him.