Noel Kumwenda | Africa University, Zimbabwe (original) (raw)
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Address: Mzuzu UMC, P.O. Box 1015, Mzuzu
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Papers by Noel Kumwenda
Africa University, 2016
The study sought to assess the impacts that Village Savings and Loan Associations have on livelih... more The study sought to assess the impacts that Village Savings and Loan Associations have on livelihoods of citizens in the north of Mzimba district of Malawi. A sample of 20 VSLAs were selected from a population of 200 in the district. From these 20VSLAs, 80 participants were selected as key informants for the research. The respondents were purposively selected because of their work in the VSLAs. Questionnaires, interviews, observations and focus group discussions were used as data collection instruments. Literature review and livelihood frameworks by DFID, Oxfam, UNDP and CARE were also used to understand how livelihoods strategies are implemented and their impacts.
All frameworks appear to be pointing towards the same thing which is poverty alleviation. All the components were discussed in the study which starts by the vulnerability concept, asset building structures and processes, livelihood structures and livelihood outcomes which take people out of poverty. The study showed that VSLAs positively influence incomes through entrepreneurship. Secondly there is enhanced food security because of VSLAs and thirdly increases in assets (Physical, social, Human and Financial) helps to reduce vulnerability levels to poverty A total of all the findings means that there is a positive impact VSLAs are making on livelihoods of citizens in Mzimba north. This means organisation should start introducing VSLAs as a tool for fighting poverty.
The study recommends that the school curriculum should include entrepreneurship and VSLA should also be trained in entrepreneurship to increase entrepreneurial knowledge. Organisations and government should train the groups in methods of storing and preparing food and also held them in acquiring assets what will enhance food production. VSLA should be introduced and strengthened in other parts to boost asset building process
Africa University, 2014
Economic growth is a goal that every country strives to achieve. Even developed countries need to... more Economic growth is a goal that every country strives to achieve. Even developed countries need to grow and increase their Gross Domestic product. Financial markets are the engine that drives this vehicle to economic growth. This paper discusses the role of financial institution in economic growth in Malawi. As a small landlocked country, Malawi needs a strong financial system to help its stunting economy to grow. The paper looks at the seven roles of financial markets which are were (1) Resource Mobilisation, (2)credit creation, (3) provision of wealth (4) solution to liquidity problems, (5) payments function (6) risk and protection and (7) policy formulation. These roles have great impacts on investment, government spending, the RBM policies which focus on expansionary and contractionary policies and how financial markets help the institution to make such decisions. The paper also discusses the financial institutions that help to run the financial markets in Malawi. These institutions are the Reserve Bank of Malawi, the Malawi stock exchange, depository institutions, foreign exchange bureaus, finance companies, investment companies, contractual saving intermediaries and securities firms.
Africa University, 2016
The study sought to assess the impacts that Village Savings and Loan Associations have on livelih... more The study sought to assess the impacts that Village Savings and Loan Associations have on livelihoods of citizens in the north of Mzimba district of Malawi. A sample of 20 VSLAs were selected from a population of 200 in the district. From these 20VSLAs, 80 participants were selected as key informants for the research. The respondents were purposively selected because of their work in the VSLAs. Questionnaires, interviews, observations and focus group discussions were used as data collection instruments. Literature review and livelihood frameworks by DFID, Oxfam, UNDP and CARE were also used to understand how livelihoods strategies are implemented and their impacts.
All frameworks appear to be pointing towards the same thing which is poverty alleviation. All the components were discussed in the study which starts by the vulnerability concept, asset building structures and processes, livelihood structures and livelihood outcomes which take people out of poverty. The study showed that VSLAs positively influence incomes through entrepreneurship. Secondly there is enhanced food security because of VSLAs and thirdly increases in assets (Physical, social, Human and Financial) helps to reduce vulnerability levels to poverty A total of all the findings means that there is a positive impact VSLAs are making on livelihoods of citizens in Mzimba north. This means organisation should start introducing VSLAs as a tool for fighting poverty.
The study recommends that the school curriculum should include entrepreneurship and VSLA should also be trained in entrepreneurship to increase entrepreneurial knowledge. Organisations and government should train the groups in methods of storing and preparing food and also held them in acquiring assets what will enhance food production. VSLA should be introduced and strengthened in other parts to boost asset building process
Africa University, 2014
Economic growth is a goal that every country strives to achieve. Even developed countries need to... more Economic growth is a goal that every country strives to achieve. Even developed countries need to grow and increase their Gross Domestic product. Financial markets are the engine that drives this vehicle to economic growth. This paper discusses the role of financial institution in economic growth in Malawi. As a small landlocked country, Malawi needs a strong financial system to help its stunting economy to grow. The paper looks at the seven roles of financial markets which are were (1) Resource Mobilisation, (2)credit creation, (3) provision of wealth (4) solution to liquidity problems, (5) payments function (6) risk and protection and (7) policy formulation. These roles have great impacts on investment, government spending, the RBM policies which focus on expansionary and contractionary policies and how financial markets help the institution to make such decisions. The paper also discusses the financial institutions that help to run the financial markets in Malawi. These institutions are the Reserve Bank of Malawi, the Malawi stock exchange, depository institutions, foreign exchange bureaus, finance companies, investment companies, contractual saving intermediaries and securities firms.