Centre for Democracy and Economic Development Initiatives (Cdedi) has joined government in demanding immediate reduction of sugar prices. The organisation’s demand comes two days after the Minister of Trade and Industry Simplex Chithyola Banda issued a statement ordering the sugar producer and trader to reduce the price of industrial sugar within seven days. Addressing the
Malawi Government faces a daunting task to balance between protecting local manufacturers’ monopoly of the sugar market and interests of consumers who feel local sugar prices are exorbitant and require import competition. Following issuance of two sugar import licences to Mugisha Investments to bring in 20 000 metric tonnes (MT) of brown sugar, local giant