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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 and largest city is Lilongwe. Its second-largest is Blantyre,its third-largest is Mzuzu and its fourth-largest is its former capital,Zomba. It was the first capital city of Malawi before being changed to Lilongwe.
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.
Hastings Kamuzu Banda was the leader of Malawi from 1964 to 1994. He served as Prime Minister from independence in 1964 to 1966,when Malawi was a Dominion / Commonwealth realm). In 1966,the country became a republic and he became the first president as a result,ruling until his defeat in 1994.
Zomba is a city in southern Malawi,in the Shire Highlands. It is the former capital city of Malawi.
Mulanje,formerly called Mlanje,is a town in the Southern Region of Malawi,close to the border with Mozambique,to the east. It is near the Mulanje Massif.
Bingu wa Mutharika was a Malawian politician and economist who was President of Malawi from May 2004 until his death in April 2012. He was also President of the Democratic Progressive Party,which he founded in February 2005;it obtained a majority in Malawi's parliament in the 2009 general election.
The pound was the currency of Malawi until 1971. From 1932,Malawi used the Southern Rhodesian pound. In 1955,a new currency was introduced,the Rhodesia and Nyasaland pound. This was replaced by the Malawian pound in 1964,following Malawi's independence. The pound was subdivided into 20 shillings,each of 12 pence. The pound was replaced by the decimal kwacha in 1971,at a rate of 2 kwacha = 1 pound.
Lesbian,gay,bisexual,and transgender (LGBT) people in Malawi face legal challenges not experienced by non-LGBT residents. Both male and female expressions of same-sex sexual activity are illegal within the nation. The Penal Code prohibits "carnal knowledge against the order of nature",attempts to commit "carnal knowledge against the order of nature",and acts of "gross indecency".
Centenary Bank,also Centenary Rural Development Bank Limited (CRDBL),is a commercial bank in Uganda licensed by the Bank of Uganda,the central bank and national banking regulator.
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).
First Capital Bank Malawi Plc,formerly known as First Merchant Bank Plc,is a commercial bank in Malawi. It is licensed by the Reserve Bank of Malawi,the central bank and national banking regulator. It is a subsidiary of FMB Capital Holdings.
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.
The Standard Bank of Malawi,previously known as the Commercial Bank of Malawi,is a commercial bank in Malawi. It is licensed by the Reserve Bank of Malawi,the central bank and national banking regulator.
The Malawi University of Science and Technology (MUST) is a public university in Thyolo in South Malawi. It was established on 17 December 2012. MUST opened doors in March 2014,the first undergraduate programmes were:1. Metallurgy and Materials Engineering 2. Chemical Engineering 3. Biomedical Engineering
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.
References
- ↑ Lameck Masina (8 December 2021). "Malawi Police Arrest Former Government Officials on Corruption and Fraud Charges" . Retrieved 17 December 2023.
- 1 2 "Mwanamvekha joins race for DPP veep post: Malawi ruling party convention gets exciting - Malawi Nyasa Times - News from Malawi about Malawi". www.nyasatimes.com. 25 June 2018.
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