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...
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.
MBS awards local companies with certificates of compliance
Government parastatal Malawi Bureau of Standards (MBS) on Saturday awarded a total of 178 certificates of compliance to various local companies for their products and services under the local product certification scheme bringing a total of 1033 certificates.
Chakwera calls for increased productivity from SMEs to create jobs, wealth
President Dr. Lazarus McCarthy Chakwera has challenged small and medium enterprises (SMEs) in Malawi to increase productivity in order to complement government efforts to create jobs, wealth and achieve food security.
Business captains commend Chakwera government to stabilizing forex reserves
Malawi Confederation of Chambers of Commerce and Industry (MCCCI) has commended President Dr. Lazarus McCarthy Chakwera and his administration for stabilizing foreign exchange reserves.
PayChangu paves the way for e-commerce growth in Malawi
In a significant leap for Malawi's digital economy, PayChangu is transforming the e-commerce landscape by providing businesses with a seamless and efficient online payment gateway. This innovative platform is not only streamlining transactions but also fueling the growth of digital products and services across the country.
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.
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.
Oxfam Malawi drills journalists in Public Finance Management reporting
In an effort to deepen knowledge and understanding of the Public Finance Management issues, Oxfam Malawi on Wednesday organized a one-day training for journalists to enable them to acquire knowledge and skills for reporting on budget, public finance management and public expenditure.
Export finance credit plays critical role in boosting exports – Chithyola
Minister of Trade and Industry Simplex Chithyola Banda has emphasized the critical role export credit finance plays in promoting trade and investment, also as an essential tool for boosting exports facilitation.
Malawi poised to qualify for ECF as IMF releases MK195bn financing Staff Monitored Program
Malawians can now hope for the better following the decision by the International Monetary Fund (IMF) to approve US$174 million (approximately MK195 billion) of financing to the Malawi Government.
Old Mutual Unit Trust, Airtel Money collaborate in PHUKA Digital Savings Platform launch
Old Mutual Unit Trust Company (Malawi) Limited (OMUT) has launched a digital savings platform called Phuka Digital Savings in partnership with Airtel Money, on 25 October 2023 in Blantyre.
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Mutharika sets bold path for economic recovery amid fiscal turmoil
The President’s message marks a shift from rhetoric to reform — promising a mix of fiscal discipline, debt restructuring, and renewed trust in governance as the pillars of economic recovery. But as experts warn, implementation will determine whether the blueprint delivers real relief to Malawians still burdened by inflation and poverty.
Mutharika reintroduces FISP, declares food security top priority
President Arthur Peter Mutharika has reaffirmed his administration’s commitment to ensuring that no Malawian dies of hunger, announcing sweeping interventions in the agriculture sector,...
RBM warns of inflation surge, keeps policy rate at 26%
The Reserve Bank of Malawi has kept the Policy Rate at 26%, warning that inflation could reach 28.9% by year-end due to fuel prices and weak fiscal control.