Business and Finance

The Malawi Investment and Trade Centre (MITC) has clinched over ten major cooperation deals with Chinese enterprises during investment forums in Shenzhen and Ningbo, paving the way for accelerated development of the Chipoka Special Economic Zone and driving Malawi 2063 goals.

The minister further said the signing reflects the highest level of political will from both governments and shows their commitment to practical regional integration that benefits their citizens.

The Economics Association of Malawi (ECAMA) has called for increased fiscal discipline from the government, warning that failure to cut excessive public spending could undermine monetary efforts to contain inflation.

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

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.

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...

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.

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.

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.

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

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