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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 administration earns Standard Bank praise for implementing economic reform proposals

Standard Bank of Malawi plc has applauded the commitment of President Dr. Lazarus McCarthy Chakwera’s government’s commitment to move with implementation of some of the economic reform proposals tabled during the Standard Bank-hosted Leadership Round Table series.

Likoma MP urges formulation of fisheries cooperatives

Member of Parliament (MP) for Likoma Islands, Ashems Songwe has advised communities in the district to formulate fisheries cooperatives to generate more income.

Mwanza CS-EPWP participants form investment group

Female participants from Khudze Catchment in Mwanza district that area under Climate Smart – Enhanced Public Works (CS – EPWP) have formed a Village Savings and Loans (VSL) group aimed at investing wages they receive as one way of multiplying it thereby addressing financial challenges at household level.

NGOs confident Chakwera administration will navigate economic challenges, foster economic prosperity

The National Advocacy Platform (NAP) – a network of 10 like-minded civil society organizations in Malawi – has expressed confidence that President Dr. Lazarus McCarthy Chakwera and his incumbent administration will navigate through economic challenges and foster prosperity for all.

Luthando Holdings Limited, defunct Stansfield Motors Limited accused of creating confusion on Yamaha products dealership

Accusing fingers are pointing at Luthando Holdings Limited and defunct Stansfield Motors Limited as being the ones fanning confusion in the dealership of Yamaha products from Yamaha Motor Corporation of Japan.

Lilongwe man Amon Mbewe carts MK1m in Chibuku Shake-Shake Bonanza

Amon Mbewe, a low income earning resident of Area 50 in Lilongwe, has emerged the first grand winner of MK1 million in the on-going Chibuku Shake-Shake Bonanza.