In a landmark transfer geared toward addressing youth welfare and financial empowerment, the Malawi Government has raised the month-to-month stipend for beneficiaries of its Internship Programme from K80,000 to K150,000 within the 2025/2026 nationwide finances, whereas allocating K2 billion to the Youth Innovation Fund. The vital improve comes as a part of President Lazarus Chakwera’s broader dedication to supporting youth improvement and lowering unemployment within the nation.
The elevate, introduced by Finance Minister Simplex Chithyola Banda in Parliament, indicators the federal government’s recognition of the important position younger folks play in nationwide improvement. The program, which absorbs 1000’s of unemployed graduates into numerous authorities departments, had confronted criticism lately over the inadequacy of the earlier K80,000 allowance within the face of rising residing prices.
“This increment is not just about money — it is about restoring dignity to our young people as they offer their skills to serve the country,” Chithyola Banda stated.
Beyond the stipend hike, the federal government has additionally allotted K2 billion to the Youth Innovation Fund — a facility designed to supply capital to youth-led companies and modern startups. The fund aligns with President Chakwera’s imaginative and prescient of turning Malawi right into a nation of “job creators rather than job seekers.”
Since coming into workplace in 2020, Chakwera has persistently preached the gospel of financial liberation for the youth, making them central to his administration’s improvement agenda. The President has championed initiatives such because the National Economic Empowerment Fund (NEEF) and the Jobs for Youth Programme, geared toward equipping younger folks with abilities, capital, and alternatives to thrive.
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