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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.

RBM urges Malawians to save today for better tomorrow

Business and Finance Steria Manda Steria Manda -
Reserve Bank of Malawi (RBM) has urged people in the country to embrace financial saving culture for the betterment of their oncoming days.

Old Mutual Unit Trust, Airtel Money collaborate in PHUKA Digital Savings Platform launch

Business and Finance Nthanda Times Reporter Nthanda Times Reporter -
Old Mutual Unit Trust Company (Malawi) Limited (OMUT) has launched a digital savings platform called Phuka Digital Savings in partnership with Airtel Money, on 25 October 2023 in Blantyre.

RBM, Police in Joint Currency Awareness for Community Leaders

Business and Finance Chimwemwe Topola Chimwemwe Topola -
Reserve Bank of Malawi (RBM) and the Malawi Police Service recently collaborated in a concerted effort to address currency-related crimes. 

Economist Tchereni advises Malawi Govt to increase IMF quota

Business and Finance Nthanda Times Reporter Nthanda Times Reporter -
Economist Dr Betchani Tchereni has advised the Government of Malawi to increase the quota in the International Monetary Fund (IMF) for the country to achieve more benefits from the IMF resources.

Chakwera for transitioning to a digital economy

Business and Finance Nthanda Times Reporter Nthanda Times Reporter -
Malawi President Dr Lazarus McCarthy Chakwera has called for the country to transition to a digital economy, saying this is key to increasing upward mobility and access to financial services.

Malawi poised to qualify for ECF as IMF releases MK195bn financing Staff Monitored Program

Business and Finance Nthanda Times Reporter Nthanda Times Reporter -
Malawians can now hope for the better following the decision by the International Monetary Fund (IMF) to approve US$174 million (approximately MK195 billion) of financing to the Malawi Government.
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Salima, Kajoke fire Bullets into Airtel Top 8 final

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FCB Nyasa Big Bullets have advanced to the final of the Airtel Top 8 after a hard-fought 2-1 victory over Karonga United in the first semifinal played on Saturday evening at Bingu National Stadium in Lilongwe.

Teen pregnancies, STI cases surge in Rumphi

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Cases of sexually transmitted infections (STIs), including HIV, among youths aged between 10 and 19 in Rumphi District have increased in the past two years.

One Acre Fund set to conduct soil health campaign in Chiradzulu

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A non-governmental organisation in the agriculture sector, One Acre Fund, is set to conduct a soil health campaign in Chiradzulu District to promote compost manure making and green residues management among farmers to help improve soil fertility for good crop production.

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

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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.

Mchinji’s agriculture committee emphasises on collaboration

National 0
Mchinji District Agriculture Extension Coordination Committee (DAECC) has stressed the need for strong relationships and collaboration among stakeholders to sustain agriculture initiatives being implemented in the district.

Woman drags Nankhumwa to court over child maintenance issues

National 0
A little known woman, Letina Kamwamba, has dragged Leader of Opposition and Democratic Progressive Party (DPP) presidential aspirant, Kondwani Nankhumwa, to court over child maintenance issues.

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