• About us
  • Team
  • Privacy Policy
  • Contact
Wednesday, October 14, 2026
  • Login
No Result
View All Result
World's first weekly chronicle of development news
  • Blitz Highlights
    • Special
    • Spotlight
    • Insight
    • Entertainment
    • Sports
  • Opinion
  • Legal
  • Perspective
  • Nation
    • East
    • West
    • North
    • South
  • Business & Economy
  • World
  • Hindi Edition
  • International Editions
    • Dubai
    • Tanzania
    • United Kingdom
    • USA
  • Blitz India Business
  • Blitz Highlights
    • Special
    • Spotlight
    • Insight
    • Entertainment
    • Sports
  • Opinion
  • Legal
  • Perspective
  • Nation
    • East
    • West
    • North
    • South
  • Business & Economy
  • World
  • Hindi Edition
  • International Editions
    • Dubai
    • Tanzania
    • United Kingdom
    • USA
  • Blitz India Business
No Result
View All Result
World's first weekly chronicle of development news
No Result
View All Result

A huge comeback

Former President returns to power at

by Blitz India Media
September 28, 2025
in Tanzania
0
A huge comeback
Blitz Bureau

NEW DELHI: MALAWI’S former President Peter Mutharika has been declared the winner of last week’s elections, in a huge comeback for the 85-year-old.

Official results show that he won 57% of the vote, compared to the 33% of President Lazarus Chakwera, 70, BBC reports. Chakwera, a pastor before entering politics, conceded defeat ahead of the final result being declared, phoning Mutharika to congratulate him on his “historic win”.

Mutharika, a former professor of law, served as president from 2014 to 2020, when he lost to Chakwera by a wide margin.

He inherits an economy that is in deep crisis, with a severe shortage of fuel and foreign currency in the poor southern African state. The official inflation rate is close to 30%.

The 2019 election, also won by Mutharika, was annulled by the country’s highest court, which found there had been widespread irregularities, including the use of correction fluid to alter results. Chakwera won the rerun by a huge margin the following year. This was the pair’s fourth electoral duel.

The latest result can be seen more as a rejection of Chakwera than a victory for Mutharika. Under Chakwera, Malawi’s list of problems just grew too long. Corruption on a grand scale, a weak economy, high living costs, frequent power cuts and a shortage of foreign currency pushed Malawians to look elsewhere for leadership.

Although these same problems existed during Mutharika’s tenure, they worsened under Chakwera. Chakwera’s allies blamed the crisis on factors out of his control, including drought and other natural disasters, the Covid pandemic and the war in Ukraine.

Related Posts

AFRICA SEEKS permanent seat
Tanzania

AFRICA SEEKS permanent seat

October 5, 2026
Global Health Funding
Tanzania

Healthcare under strain

October 5, 2026
Ceuta Migration Crisis
Tanzania

Ceuta crossing fallout

October 5, 2026
Niger Uranium
Tanzania

Seeking investments

October 5, 2026
Houthi Red Sea Crisis Africa
Tanzania

Houthi takeover impact

September 21, 2026
Youth Olympic Games Senegal 2026
Tanzania

Olympic flame arrives

September 21, 2026
Load More
Next Post
Transforming autonomous mobility

Transforming autonomous mobility

Recent News

Asian Champions Trophy 2026
News

Pathak returns as India names squad for Asian Champions Trophy

by Blitz India Media
October 13, 2026
0

New Delhi, 13 October: Hockey India on Tuesday announced the Indian men’s squad for the Asian Champions Trophy Punjab 2026,...

Read moreDetails
Electronics production grows seven-fold : MeitY

New Delhi, 13 October : India’s fintech sector raised $2.2 billion in the first nine months of 2026 (January 1, 2026–September 30, 2026), up 14 per cent from $1.9 billion in the same period a year earlier, a report said. The report from data intelligence platform Tracxn Technologies Limited said funding rounds dipped from 260 to 153, adding that the funding was concentrated in a smaller number of large late‑stage rounds, with five mega‑rounds of $100 million or more accounting for $1.1 billion or 48 per cent of total capital. The report said in the first nine months of 2026, digital lending and payments topped the category rankings, while Bengaluru accounts for over three-fifths of all capital raised. On the exit side, IPOs saw a 50 per cent uptick while overall acquisitions slowed. As many as 30 companies raised their first funding round, down 49 per cent from 59 in the previous year. Series A and later rounds totalled 77, down 31 per cent from 112. Late-stage funding (Series C+, PE, and pre-IPO) led the mix, rising 95 per cent to $1.5 billion in the first nine months of 2026 — up from $751 million during the same period in the previous year. This capital surge pushed late-stage investments to 67 per cent of total market funding, the report noted. Earlier stages experienced contractions in capital and deal counts. Early-stage funding fell 33 per cent to $668 million across 52 rounds, compared to $1 billion across 82 rounds in nine months of 2025. Seed funding fell 57 per cent to $73.8 million across 76 rounds, down from $173 million across 148 rounds. New unicorns crossed the billion-dollar threshold in an average of 7.1 years after their Series A funding. Moreover, the industry saw 3 IPOs in nine months of 2026, up 50 per cent from 2 in the previous year, alongside 11 acquisitions, down 45 per cent from 20.

October 13, 2026
Indian stock market

IBM and MeitY Startup Hub partner to support India’s deep-tech startups with AI, cloud, quantum computing and mentorship.

October 13, 2026
IBM

IBM, MeitY sign MoU to boost India’s deep-tech

October 13, 2026
Solar panels supplying power in Africa

India Growth Story: Start-ups, Trade, Data and Khadi

October 13, 2026

Blitz Highlights

  • Special
  • Spotlight
  • Insight
  • Entertainment
  • Health

International Editions

  • US (New York)
  • UK (London)
  • Middle East (Dubai)
  • Tanzania (Africa)

Nation

  • East
  • West
  • South
  • North
  • Hindi Edition

E-paper

  • India
  • Hindi E-paper
  • Dubai E-Paper
  • USA E-Paper
  • UK-Epaper
  • Tanzania E-paper

Useful Links

  • About us
  • Team
  • Privacy Policy
  • Contact

©2024 Blitz India Media -Building A New Nation

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

    No Result
    View All Result
    • Blitz Highlights
      • Special
      • Spotlight
      • Insight
      • Entertainment
      • Sports
    • Opinion
    • Legal
    • Perspective
    • Nation
      • East
      • West
      • North
      • South
    • Business & Economy
    • World
    • Hindi Edition
    • International Editions
      • Dubai
      • Tanzania
      • United Kingdom
      • USA
    • Blitz India Business

    ©2024 Blitz India Media -Building A New Nation