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Articles from Business and Finance

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...

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.

Chakwera coaxes largest East African juice maker to invest in Malawi

President Dr. Lazarus McCarthy Chakwera has asked founder and chairman of the largest juice maker in East Africa, Kimani Rugendo, to consider investing in Malawi where fruits are readily available to serve as his raw material for his business.

Old Mutual declares 34.4% bonus on Guaranteed Fund for Year 2022

Old Mutual Malawi Limited has declared a bonus of 34.4 percent on its Guaranteed Fund for the year 2022, which is 13 percent more than the average inflation rate.

ActionAid champions women, stakeholders against economic stagnation   

ActionAid on Wednesday held a national share-fair conference which brought together various national and international stakeholders to push for positive changes on national economic plater towards the livelihood of women in the global south.

Paramount Holdings Limited appointed authorized dealer for Yamaha products in Malawi

A leading Japanese engineering company – Yamaha Motor Company – has appointed Paramount Holdings Limited as an authorized  importer and seller  for Yamaha motorcycles  & other YAMAHA products in Malawi.

Tobacco farmers are number one forex producers-Chakwera

President Lazarus Macathy Chakwera has described tobacco farmers as the number one foreign exchange (forex) producers in Malawi.

TCF affects business activities in first quarter of 2023

Local business captains have singled out Tropical Cyclone Freddy (TCF) as the biggest setback that affected business activities to thrive in the first quarter of 2023.