Standard Bank - BOL to Wallet

Sourcing Forex For AIP Products a Challenge- Ministry

The Ministry of Agriculture has admitted that sourcing forex for the purchase of the products under the Affordable Inputs Program (AIP) remains a challenge this season.

However, according to agriculture minister Sam Kawale, they are negotiating with commercial banks and the Reserve Bank of Malawi to source enough forex in time.

Reserve Bank of Malawi Spokesperson Dr. Mark Lungu says they have reserved a request from the ministry, although demand for forex is huge in different departments and sectors, adding that commercial banks have been urged to help out.

Read 3752 times

Last modified on Tuesday, 07/11/2023

Login to post comments

NEWS IN BRIEF

Rising Suicide: Psychologist Blames Lack on Trust

A top psychologist has blamed the sharp rise in suicide…
Read more...

Tourism Grows as Malawi Launches National Tourism Month

Minister of Tourism Vera Kamtukule says the tourism sector has…
Read more...

Father Boucher Remembered for Preserving Malawian Culture

The departed Catholic priest, father Claude Boucher, has been described…
Read more...

Malawi Chewa Group to Hold Parallel Chifukwato Ceremony

Barely a few days after some the Chewa people led…
Read more...

Man Arrested in Neno for Ritual Coffins, Accomplice Escapes

Police in Neno have arrested a 42-year-old man named as…
Read more...
Go to top
JSN Time 2 is designed by JoomlaShine.com | powered by JSN Sun Framework