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Consumers are now paying 15 percent more for a one kilogramme (kg) packet of sugar following decisions by Illovo Sugar (Malawi) plc and Salima Sugar Company to increase prices yesterday. While the sugar manufactures say the price review is arising from soaring production costs, but the Competition and Fair Trading Commission (CFTC) says it will
Development aid inflows to Least Developed Countries (LDCs), including Malawi, is on the decline with more assistance to low-income countries facing structural impediments, the United Nations has said. Economic experts argue that declining aid to Malawi is an issue of concern as the country is struggling with rising debt service charges and shortage of foreign
The services sector is registering the fastest annual growth of 1.8 percent, aaccording to an analysis, a situation commentators say reduces the economy’s over-reliance on agriculture which has become risky amid weather shocks. An analysis by Lloyds Bank, one of Britain’s retail and commercial banks, shows that although the agriculture sector employs the largest share
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The Reserve Bank of Malawi (RBM) has announced the biggest yet adjustment in the trading value of the kwacha against the US dollar, devaluing the sell...