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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.

Work hard in fields or forget about economic growth, Chakwera tells Malawians

Malawi President Dr. Lazarus McCarthy Chakwera on Wednesday officially opened the 2023 Tobacco Marketing Season with a call to Malawians to start working hard in their fields or forget about growing their economy.

ILO to support integrated agribusiness hubs in the country

International Labour Organisation (ILO) says it will help government in the creation of jobs by supporting integrated agribusiness hubs in the country through the Pro-Agro Youth Project.

MPs authorize government to borrow MK105bn for Lake Malawi Water Supply Project

In a significant move that will bolster the water supply system in Lilongwe City, the Malawi Parliament has passed a Bill authorizing the government to borrow K105 billion from two local commercial banks.

2023 tobacco marketing season opens April 12

The Tobacco Commission (TC) has announced that the 2023 tobacco marketing season will open on 12th April by State President Lazarus Macathy Chakwera at Lilongwe Auction Floors.

Old Mutual leads in boosting pension awareness levels in Malawi

Malawi’s leading financial services provider in Malawi, Old Mutual (Malawi), has expressed satisfaction with the strides made in "Kuitsata Pension Yanu" campaign launched in October 2022.

Lilongwe District Council targets K857m revenue collection in 2023/24 financial year

Lilongwe District Council has disclosed that it is targeting to collect K857 million from locally generated revenue during the 2023/2024 financial year.