Malawi: Six million Euro to save fuel crisis

petrol-bunkThe Malawi Confederation of Chambers of Commerce and Industry (MCCCI) executive officer Chancellor Kaferapanjira told The Nation: “Government needs to look at its policy. They should learn to listen to other peoples' advice. Government is controlling market prices too much."

AfricaNews reporter said there are long queues at different service stations in search of fuel which scarcely come.

Fernando Couto, Chief Executive Officer of the Northern Development Corridor (CDN), which runs the Nacala port and rail system, said that Malawi had simply run out of foreign exchange.

News making rounds in the southern African country is that the forex exchange is due to lending to Zimbabwe US$ 100 million which is yet to be repaid.

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