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Articles from Business and Finance

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.
Business and Finance

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.
Business and Finance

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...
Business and Finance

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.
Business and Finance

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.

Malawi Government expects gradual economic recovery with a growth of 3.2 percent in 2024

Business and Finance Nthanda Times Reporter Nthanda Times Reporter -
The Minister of Finance and Economic Affairs, Simplex Chithyola Banda, says the government expects to register gradual economic recovery with a growth of 3.2 percent in 2024 on account of the improvements in the availability of foreign exchange and investments made in the agriculture sector.

Chibuku Products Limited launches MK10m ShakeShake Bonanza to celebrate, thank its customers

Business and Finance Nthanda Times Reporter Nthanda Times Reporter -
Chibuku Products Limited (CPL) has coughed MK10 million towards activities and programmes aimed at celebrating and thanking its customers across Malawi.

Paramount Holdings Limited recognized for being premium supplier of genuine Yamaha products in Malawi

Business and Finance Nthanda Times Reporter Nthanda Times Reporter -
The National Product Magazine has recognized and awarded Paramount Holdings Limited (PHL) for being the premium supplier and seller of genuine Yamaha products and Yamaha Motorcycles in Malawi.

Undule weighs in on kwacha devaluation, outlines hopes and opportunities

Business and Finance Nthanda Times Reporter Nthanda Times Reporter -
Governance and Human Rights Expert Undule Mwakasungula has weighed in on the trending reactions to the decision by the Reserve Bank of Malawi (RBM) to devalue the local currency – Malawi Kwacha – by 44 percent against the United States dollar (USD).

Chakwera lauds Saudi Arabia for financing infrastructure projects in Malawi

Business and Finance Nthanda Times Reporter Nthanda Times Reporter -
President Dr. Lazarus McCarthy Chakwera has saluted and applauded the Government of the Kingdom of Saudi Arabia for the various infrastructure development projects it has financed in Malawi.

Atupele Muluzi, Joshua Chisa Mbele denounce politicization of kwacha devaluation

Business and Finance Nthanda Times Reporter Nthanda Times Reporter -
United Democratic Front (UDF) leader Atupele Muluzi and socio-political activist Joshua Chisa Mbele have denounced the tendencies by opposition political parties to politicize devaluation of the Malawi Kwacha against major currencies such as the United States of America (USA) dollar.
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