Mass protests erupted in Malawi’s capital over rising living costs, with thousands demanding President Chakwera’s resignation amid an economic crisis driven by foreign exchange shortages. Vendors have been particularly affected, facing skyrocketing prices for essentials like maize. The government’s abrupt license revocation for second-hand clothing vendors sparked further outrage as opposition leaders called for urgent action to address inflation.
In Malawi’s capital, Lilongwe, thousands of protesters gathered to express their dissatisfaction with the increasing cost of living, marking one of the largest demonstrations in recent years. The protest, which concluded at the parliament building, prominently featured vendors, particularly those selling second-hand clothing, who demanded the resignation of President Lazarus Chakwera due to the economic crisis.
The country is experiencing a severe foreign exchange shortage, resulting in skyrocketing prices for essential commodities such as food and fuel. According to the International Food Policy Research Institute, the price of maize, a staple food in Malawi, surged by 21% just in January. Many traders have faced difficulties in meeting supplier payments, leading some to seek foreign currency in the black market.
Protester Daud Sanudi highlighted the severity of the situation, stating, “It is ridiculous because the prices keep going up, sometimes three or four times a day.” Additionally, wholesaler Mohammad Latif remarked that black market rates for the dollar have exceeded three times their normal price, making it challenging for businesses to remain viable under these conditions.
In response to the unrest, Malawi’s Ministry of Trade and Industry abruptly revoked all business licenses for second-hand clothing vendors, requiring them to reapply for new permits. Though the government threatened prosecution for non-compliance, no justification for this action was provided, raising further questions among the business community.
Political opposition leaders backed the protests, urging the government to address the ongoing inflation crisis. Democratic Progressive Party MP Sameer Suleiman expressed concerns about the state of the economy, stating, “Most businesses are closing, there is no forex, and people cannot afford the basics.”
With approximately 75% of Malawi’s 21 million residents living in extreme poverty, the country is facing significant economic challenges as it approaches the upcoming elections in September, where President Chakwera will seek re-election amidst this turmoil.
The protests in Malawi highlight the deepening economic crisis resulting from foreign exchange shortages, leading to soaring prices of essential goods and a decline in business viability. The government’s response, including the revocation of business licenses for certain vendors, has intensified public discontent. With the looming elections, pressure mounts on the government to alleviate inflation and improve economic conditions for its citizens.
Original Source: newscentral.africa
