Business and Finance | Nthanda Times

TNM posts K10.05 billion profit in 2024 full-year results

TNM has bounced back from two years of losses to post a K10.05 billion net profit for the 2024 financial year, thanks to cost-cutting measures, increased digital investment, and a surge in mobile money and data revenue.

Government moves to reform sugar industry amid shortages

Government has announced comprehensive reform plans to overhaul Malawi’s sugar industry, aiming to address persistent shortages, stabilize prices, and promote local participation in distribution.

Commentators urge Minister Mumba to stop politicizing sugar crisis

As sugar scarcity continues to affect the country, several renowned social commentators have criticized Minister of Trade, Vitumbiko Mumba, for what they describe as “irresponsible” remarks regarding the issue.

Sugar soars to K6, 000, Illovo says it’s managing the situation

Illovo Sugar Malawi says the current challenges in the availability of sugar is primarily being driven by informal cross-border trade that has led to the

IMF walks away: Malawi’s missteps sink ECF program

As concerns grow over Malawi’s stalled Extended Credit Facility (ECF) with the International Monetary Fund (IMF), civil society organizations (CSOs) and economic experts are offering divergent views on what went wrong — and what should happen next.

Gadama calls for urgent reforms in Mw’s economy

Economist and senior DPP official Dr. Paul Gadama has raised concerns over Malawi’s deepening economic crisis, citing persistent inflation, fuel shortages, and foreign exchange instability. He criticizes the government’s inadequate response, particularly its reliance on monetary policy without addressing structural weaknesses. Gadama calls for a holistic approach that includes targeted agricultural investment, energy reforms, and forex management to prevent further economic decline and social unrest.

Failure to make swift policy actions could lead to economic stagnation- World Bank

The World Bank January 2025 edition of the Malawi Economic Monitor (MEM) has stressed the need for urgent economic reforms to stabilize Malawi’s economy warning that failure to do so could lead to deeper fiscal distress, increased poverty, and economic stagnation.

Minister of Finance winds up regional ministerial pre-budget consultations meetings

The meetings provided space for stakeholders to submit their recommendations to the national budget.

NBM discontinues pre-approved forex limits

Economics expert Kingsley Jasi says the move will impact individuals and businesses as the country grapples with forex scarcity

Category: Business and Finance