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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.

NEEF applauds faith leaders on loan repayment

The National Economic Empowerment Fund Limited (NEEF) says it is very impressed with the way faith leaders have been repaying loans that they accessed from the company.

National Bank commits to finance artisanal, small-scale mining in Malawi

National Bank of Malawi (NBM) – a leading banking institution in Malawi – has expressed commitment to providing startup capital to artisanal and small-scale miners to facilitate growth of the sector.

ATM Strategy to boost Malawi’s Economy in 2024/2025 Budget

Minister of Finance and Economic Affairs, Simplex Chithyola Banda, says government has committed itself to recover the country’s economy through Agriculture, Tourism and Mining (ATM) strategy.

Govt presents optimistic MK5.89tn aimed at increasing production, putting money in people’s pockets

The Minister of Finance and Economic Affairs, Simplex Chithyola Banda, on Friday afternoon presented the MK5.89 trillion 2024-2025 national budget that spells out a number of interventions aimed at healing the national economy.

MPs in wild excitement as government increases CDF to K200m

Wild excitement filled the air of the National Assembly on Friday when the Minister of Finance and Economic Affairs, Simplex Chithyola Banda, announced an upward revision of the Constituency Development Fund (CDF).

Air Cargo Mw geared to upscale gemstone exports, engages Mzimba miners to cement relations

One of the country’s key players in the air freight industry, Air Cargo Malawi Limited, says greater collaboration between local investors in the mining sector and financial service providers is key to the growth of exports in the extractive and mining industry.