Category: Business

Breaking NewsBusiness

SHOCKING NEWS: FUEL DEMAND IN MALAWI SKYROCKETS TO 52 MILLION LITRES PER MONTH!

Nyasa Post Newspaper

Malawi’s monthly fuel demand has jumped from 31-37 million litres in 2021 to 52 million litres per month due to the industry’s reliance on diesel. The Kapichira outage has exerted pressure on the country’s forex reserves and the industry has been subjected to expensive diesel for close to a year. The Malawi Confederation of Chambers of Commerce and Industry calls on the government to resolve the Kapichira outage and bring fuel prices under control.

Business

Malawi Confederation of Chambers of Commerce and Industry (MCCCI) calls for government to establish Special Purpose Vehicle/Industrial Development Fund

Nyasa Post Newspaper

The Malawi Confederation of Chambers of Commerce and Industry (MCCCI) has called on the government to establish a Special Purpose Vehicle (SPV) or Industrial Development Fund in the upcoming 2023/24 budget. The fund aims to provide patient capital for investments in the manufacturing sector, as the MCCCI believes that boosting manufacturing will lead to forex generation and promote import substitution.