2025–26 Mid-Year Budget Review

New levies necessary but risky for Malawi’s fragile economy – Analysts

Experts caution that Malawi’s new taxes—VAT hike, bank transfer levies and more—could destabilise businesses if not implemented carefully.

Mwanamvekha unveils tough new taxes to save ailing economy

Malawi faces harsh new taxes as government moves to stabilise a battered economy. Finance Minister Joseph Mwanamvekha cites unsustainable debt and a closed fiscal space, introducing levies on bank transfers, mobile money, winnings, insurance and cement to boost revenue.