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Malawi,officially the Republic of Malawi and formerly known as Nyasaland,is a landlocked country in Southeastern Africa. It is bordered by Zambia to the west,Tanzania to the north and northeast,and Mozambique to the east,south and southwest. Malawi spans over 118,484 km2 (45,747 sq mi) and has an estimated population of 19,431,566. Malawi's capital is Lilongwe. Its second-largest is Blantyre,its third-largest is Mzuzu and its fourth-largest is its former capital,Zomba.
The economy of Malawi is $7.522 billion by gross domestic product as of 2019,and is predominantly agricultural,with about 80% of the population living in rural areas. The landlocked country in south central Africa ranks among the world's least developed countries. In 2017,agriculture accounted for about one-third of GDP and about 80% of export revenue. The economy depends on substantial inflows of economic assistance from the IMF,the World Bank,and individual donor nations. The government faces strong challenges:to spur exports,to improve educational and health facilities,to face up to environmental problems of deforestation and erosion,and to deal with the problem of HIV/AIDS in Africa. Malawi is a least developed country according to United Nations.
Malawi's former President Bakili Muluzi continued the pro-Western foreign policy established by his predecessor,Hastings Banda. It maintains excellent diplomatic relations with principal Western countries. Malawi's close relations with South Africa throughout the apartheid era strained its relations with other African nations. Following the collapse of apartheid in 1994,Malawi developed,and currently maintains,strong diplomatic relations with all African countries.
The kwacha is the currency of Malawi as of 1971,replacing the Malawian pound. It is divided into 100 tambala. The kwacha replaced other types of currency,namely the British pound sterling,the South African rand,and the Rhodesian dollar,that had previously circulated through the Malawian economy. The exchange rate of the kwacha undergoes fixed periodical adjustments,but since 1994 the exchange rate has floated. In 2005,administrative measures were put in place by Bingu wa Mutharika to peg the exchange rate with other currencies. Banknotes are issued by the Reserve Bank of Malawi. In May 2012,the Reserve Bank of Malawi devalued the kwacha by 34% and unpegged it from the United States dollar. The currency was further devalued by 25% by the central bank in May 2022 followed by another 44% devaluation in November 2023 raising inflation rate in Malawi.
The music of Malawi has historically been influenced by its triple cultural heritage of British,African,and American music. Malawians have long been travelers and migrant workers,and as a result,their music has spread across the African continent and blended with other music forms. One of the prime historical causes of the Malawian musical melting pot was World War II,when soldiers both brought music to distant lands and also brought it back. By the end of the war,guitar and banjo duos were the most popular type of dance band. Both instruments were imported. Malawians working in the mines in South Africa and Mozambique also led to fusion and blending in music styles,giving rise to music styles like Kwela.
The Malawi national football team represents Malawi in association football and is controlled by the Football Association of Malawi. Before 1966,it was known as the Nyasaland national football team.
Lesbian,gay,bisexual,and transgender (LGBT) persons in Malawi face legal challenges not experienced by non-LGBT residents.
Silver Strikers Football Club is a Malawian professional football club based in Lilongwe,currently playing in the TNM Super League,the top division of Malawian football. The club was founded in 1977 as a social team for staff at the Reserve Bank of Malawi,hence the club’s nickname The Bankers.
Malawian cannabis,particularly the strain known as Malawi Gold,is internationally renowned as one of the finest sativa strains from Africa. According to a World Bank report it is among "the best and finest" marijuana strains in the world,generally regarded as one of the most potent psychoactive pure African sativas. The popularity of this variety has led to such a profound increase in marijuana tourism and economic profit in Malawi that Malawi Gold is listed as one of the three "Big C's" in Malawian exports:chambo,chombe (tea),and chamba (cannabis).
National Bank of Malawi(NBM),is a commercial bank in Malawi. The bank is one of the commercial banks licensed by the Reserve Bank of Malawi,the central bank and national banking regulator.
Arthur Peter Mutharika is a Malawian politician and lawyer who was President of Malawi from May 2014 to June 2020. Mutharika has worked in the field of international justice,specialising in international economic law,international law and comparative constitutional law. He informally served as an adviser to his older brother,President Bingu wa Mutharika,on issues of foreign and domestic policy from the onset of his election campaign until the President's death on 5 April 2012.
The FDH Bank Knockout Cup,also known as the Malawi FAM Cup is the national association football cup competition in Malawi,on a knock-out-basis.
Charles Chuka was the governor of the Reserve Bank of Malawi from April 2012 to April 2017. When he became governor,he announced a series of reforms that allowed for foreign exchange to enter the country.
Shepherd Bushiri also known as Major 1 is a Malawian preacher,prophet,businessman,motivational speaker,and author.
FMBCapital Holdings Plc,also referred to as First Capital Bank Group,is a financial services holding company based in Mauritius. It operates commercial banks in the Southern African countries of Botswana,Malawi,Mozambique,Zambia and Zimbabwe,which trade as First Capital Bank.
The 2020–21 Super League of Malawi was the 35th season of the Super League of Malawi,the top professional league for association football clubs in Malawi since its establishment in 1986. Nyasa Big Bullets are the defending champions. It started on 28 November 2020 before it was postponed in March 2021 due to the COVID-19 pandemic in Malawi.
The 2015 TNM Super League was the 30th season of the Super League of Malawi,the top professional league for association football clubs in Malawi since its establishment in 1986. It started on 18 April 2015 and ended on 24 December 2015. Nyasa Big Bullets successfully defended their title,winning the twelfth Super League title.
Malawi Revenue Authority (MRA) is the revenue service and a government agency of the Malawi government. Malawi Revenue Authority is responsible for collecting taxes. The duties of the Malawi Revenue Authority include providing tax assistance to taxpayers and pursuing and resolving instances of erroneous or fraudulent tax filings.
References
- ↑ "Hastings Kamuzu Banda, valueless cargo and Life in abundance. | by storiesfrombukoto". Medium. Retrieved 2021-11-29.
- ↑ "Covid-19 kills four senior Malawi officials in a day as infections skyrocket". telegraph.co.uk. Retrieved 2021-11-29.