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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.

President Chakwera asks Qatari Government to bail Malawi from acute shortage of forex and fuel

Malawi President Dr. Lazarus McCarthy Chakwera has asked Qatari Deputy Prime Minister and Minister of State for Defence Affairs, Dr. Khalid bin Mohamed Al Attiyah, to help Malawi recover from ‘acute shortage of foreign exchange (forex) and fuel.

Reunion Insurance partners with MCCCI towards 2023 Lakeshore Business Leaders’ Summit

Reunion Insurance Company Limited has sponsored the 2023 Malawi Confederation of Chambers of Commerce and Industry’s (MCCCI) Lakeshore Business Summit with MK3 million financial package.

MyBucks encourages women to embrace digital banking

MyBucks Banking  Cooperation Malawi Managing Director, Zandile Shaba has advised women in the country to embrace digital banking if they are to participate in the digital economy.

Malawi, China sign partial debt cancellation agreement

Malawi and China have signed a partial US$5 million debt cancellation agreement in Lilongwe, a move that is likely to cushion Malawi on its debt burden.

MyBucks introduces new fee collection system

MyBucks Banking Cooperation has launched a new mobile fee collection system that enables its registered mobile banking customers to easily pay fees for schools, hospitals, and churches.

Malawi Govt caught lying on $6.8 billion Brigdin Foundation grant

It never rains but pours for the Malawi government as it has been revealed that it lied to Malawians that it has signed a $6.8 billion grant with a Belgium-based Bridgin Foundation.