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HomeNewsMutharika  starts stabilizing Malawi’s economy

Mutharika  starts stabilizing Malawi’s economy

By Chisomo Phiri

President Arthur Peter Mutharika has announced that his administration is set to procure 200,000 metric tons of maize from Zambia as part of its immediate response to Malawi’s pressing challenges in food security, foreign exchange, fertilizer, and fuel supply.

Speaking on Monday during a meeting with Scottish First Minister John Swinney at Sanjika Palace in Blantyre, Mutharika said the government is currently finalizing financial arrangements to facilitate the maize importation.

Mutharika


The president emphasized that his government is committed to sourcing fertilizer from reputable international suppliers, saying Malawi must avoid previous mistakes of relying on unqualified dealers.

Mutharika further underscored the importance of investing in mining, manufacturing, production, and value addition as long-term strategies to address persistent forex shortages and other economic constraints.

He also highlighted ongoing efforts in the energy sector, including regional power interconnection projects, but acknowledged that limited financial resources remain a major hurdle.

On his part, First Minister John Swinney said his visit aimed to deepen Malawi–Scotland cooperation, building on two decades of partnership.

He noted that the renewed collaboration will focus on inclusive education, health, equality, renewable energy, and economic justice, stressing the importance of an innovative and forward-looking approach.

In his remarks,Minister of Foreign Affairs George Chaponda commended Mutharika for outlining both short-term and long-term measures to revitalize the county’s economy.

He also expressed gratitude to the Scottish Government for its continued support to Malawi, particularly in the education and health sectors.

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