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Top Business Malawi News

Malawi: AfDB Injects K1.7 Billion Lifeline As Malawi Battles Deepening Food Crisis

Finance · Malawi

Malawi: AfDB Injects K1.7 Billion Lifeline As Malawi Battles Deepening Food Crisis

100% Center coverage: 1 sources

The Ministry of Finance, Economic Planning and Decentralisation has signed a financing agreement with the African Development Bank (AfDB) that will provide Malawi with US$1 million (approximately K1.7 billion) in emergency relief support, offering timely assistance as the country battles worsening food insecurity.See the Story

Food prices drop as Treasury projects economic recovery

Economy · Malawi

Food prices drop as Treasury projects economic recovery

By Kingsley Jassi: The government has expressed confidence that the unusual decline in food prices will hasten economic recovery and trigger interest rate reductions in the coming months. Finance, Economic Planning and Decentralisation Minister Joseph Mwanamvekha drew confidence from recent maize price trends amid notable oversupply in the market. Mwanamvekha was speaking on Wednesday when he received a $1 million grant from the African Developm…See the Story

ACE Africa ropes in Muona as new managing director

Malawi · Malawi

ACE Africa ropes in Muona as new managing director

Agricultural Commodity Exchange (ACE) for Africa has appointed Prisca Muona as new managing director to take the lead in consolidating the structured produce market in Malawi. In an interview on Monday, Muona, said her main focus will be to build more volumes within the warehouse receipt system (WRS). Muona: Aggregation is key. | George Lumwira WRS, which was introduced in 2011, is a mechanism where farmers and traders deposit agricultural comm…See the Story

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