03/06/2026
Nyasatimes Newspaper
Minister of Finance Joseph Mwanamvekha has called on Malawi’s private sector to help tackle the country’s economic challenges. Speaking at the National Economic Recovery validation workshop in Lilongwe, he said bold reforms and support from all stakeholders are needed to restore macroeconomic stability and achieve sustainable growth.
Mwanamvekha acknowledged that Malawians are struggling due to recently imposed levies, but said government had no alternative. Without them, he argued, salaries and drug procurement would not be possible. He described the current hardship as temporary and stressed that government alone cannot deliver the recovery agenda.
The minister outlined the National Economic Recovery Plan as the framework to reset the economy. Key priorities include fiscal discipline, higher productivity, better food security, export growth, and private sector-led development. He urged experts and business leaders in the room to offer practical solutions rather than theories, and flagged Malawi’s high debt and delayed fuel price adjustments that cost nearly K1 trillion.
With 5,000 university graduates entering the job market yearly, Mwanamvekha said job creation is urgent. He said the nation must accept short-term discomfort for long-term progress under Malawi 2063. He also reaffirmed food access for all Malawians as a top government priority.
Alfred Chauwa