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.
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.
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.
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.
Reunion Insurance Company Limited has sponsored the 2023 Malawi University of Science and Technology (MUST) golf tournament to the tune of MK5 million.
Civil Society Agricultural Network (CisaNet) has expressed fear that the recent depreciation of the Malawi Kwacha against the US dollar will negatively affect the country’s food production due to its overreliance on imported fertilizers.
Commercial banks in Malawi have agreed to start providing financial support to small and medium enterprises (SMEs) that would enable them to venture in export trade.
Minister of Trade and Industry Simplex Chithyola Banda has emphasized the critical role export credit finance plays in promoting trade and investment, also as an essential tool for boosting exports facilitation.
Old Mutual Malawi has donated K5 million towards preparations for the 2023 Institute for Chartered Accountants in Malawi (ICAM) Lakeshore Conference to be held on 14th to 16th September, 2023, at Sun and Sand Hotel.
Malawi President Dr. Lazarus McCarthy Chakwera has called upon Malawian investors based in South Africa to consider ploughing their investments back to their native country, assuring that his administration is creating a conducive environment for social and economic growth.