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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.

LL business operators told to renew licenses or face closure

Lilongwe District Council has warned business operators that it will close their businesses if they do not renew their licenses by 30th June 2023.

Donor confidence in Malawi Government improves as World Bank provides US$145m grant

Malawians have every reason to smile following the restoration of donor confidence in their government, with the World Bank being the latest bilateral partner to commit financial resources to the Malawi Government.

Mzimba South MP proposes K75, 000 price per 50kg bag of soya beans

Member of Parliament (MP) for Mzimba South Emmanuel Chambulanyina Jere has proposed that in this season, the government should consider allocating funds in its budget to buy soya beans from farmers at K75, 000 per bag of 50 kilogrammes.

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.

FARMSE invests K11.6bn in 17 rural financial inclusion projects

Financial Access for Rural Markets, Smallholders and Enterprise Programme (FARMSE) has invested K11.6 billion in the 17 projects aimed at reducing poverty, enhancing resilience and improving livelihoods in rural areas.

Malawi Government commits to promoting small and medium enterprises

Deputy Governor of the Reserve Bank of Malawi (RBM) William Matambo has expressed government commitment to supporting and promoting micro, small and medium enterprises (MSMEs) to thrive.