By Patience Longwe
Lilongwe, February 28, Mana: Minister of Finance and Economic Affairs, Simplex Chithyola Banda, has introduced a complete plan to sort out the nation’s financial challenges.
He said that the technique is for the event of worth stabilization coverage, geared toward curbing inflation and guaranteeing steady costs for important items.
In his remarks made in parliament on Friday when he offered the 2025/2026 finances, Chithyola stated addressing the urgent problems with meals safety, authorities is working to safe an satisfactory maize provide out there.
“This move is expected to provide relief to Malawians who have been struggling with food shortages and high prices,” he stated.
He additionally revealed {that a} National Anti Forex Unit has been established to fight parallel foreign exchange markets and unlawful foreign currency trading.
“This Unit will work closely with the police to crack down on these illicit activities which have been draining the country’s foreign exchange reserves,” stated Chithyola.
He additionally stated that the measures display the federal government’s dedication to addressing Malawi’s financial challenges, by stabilizing worth’s, guaranteeing meals safety,and enhancing international alternate availability,the federal government goals to create a extra beneficial enterprise surroundings and enhance the lives of Malawians.
“As outlined within the 2024/2025 finances assertion, authorities’s technique additionally focuses on accelerating manufacturing and enhancing the authorized and regulatory surroundings to guard the economic system.
The Agriculture, Tourism and Mining (ATM) technique is anticipated to play an important function in boosting home income and selling financial progress ” He said.
He, due to this fact stated the bulletins provide a glimpse into the federal government’s efforts to revitalize Malawi’s economic system by implementing the measures, the federal government hopes to pave the best way to a extra affluent and steady future for all Malawians.