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Kapito charges! Says Illovo connived with Govt to create sugar supply scarcity just to raise its price

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Sugar prices go up, CFTC to open probe

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

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Price of water set to jump | Nation Online

Ministry of Water and Sanitation Principal Secretary Elias Chimulambe says government has approved new water tariffs for Blantyre Water Board (BWB) and is considering applications from other water utilities. In an interview yesterday, he said currently, they do not have plans to effect tariff adjustment for the other boards. He said: “They may have applied,

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EIU forecasts annual inflation at 33.9%

The Economist Intelligence Unit (EIU) has projected Malawi’s 2024 annual inflation to rise 5.1 percentage points from 28.8 percent in 2023 to 33.9 percent. In its quarterly projections, quoted in the Nico Asset Managers March 2024 Monthly Economic Report, EIU attributes this to the flexible exchange rate regime. Reads the report in part: “Inflation is

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CAMA orders ministry to provide newly gazetted water tariffs prices | Malawi 24

CAMA orders ministry to provide newly gazetted water tariffs prices | Malawi 24
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Maize prices ease cost of living | Nation Online

Pressure on the cost of living has eased, increasing by 2.6 percent to K503 876 for a family of six in February due to declining maize prices, potentially alleviating financial burdens for consumers, a survey shows. This, according to the Centre for Social Concern’s (CfSC) recent cost of living analysis, contrasts with the preceding period

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Cost of living easing down as maize prices continue to decline across the country

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Escom feels shortchanged on tariffs

Electricity Supply Corporation of Malawi (Escom) Limited says the Ministry of Energy decision of November 10 2023 to suspend implementation of a 40.92 percent electricity tariff adjustment has negatively impacted on its operations. But Escom chief public relations officer Kitty Chingota said in a written response yesterday that following the expiry of the suspension period

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ESCOM takes on K65BN defaulters | The Nation Online

Electricity Supply Corporation of Malawi (Escom) Limited has embarked on a drive to recover K65 billion in unpaid postpaid electricity bills owed by government agencies, private sector players and individuals. The power utility has since vowed to disconnect supply to the concerned customers, including government ministries, departments and agencies (MDAs) to get its money. Escom

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ESCOM TO EMBARK ON A DRIVE TO RECOVER BILLS OWED BY GOVERNMENT AGENCIES WORTH K65 BILLION

Electricity Supply Corporation of Malawi (ESCOM) has embarked on a drive to recover K65 Billion in unpaid postpaid electricity bills owed by Government agencies

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