Malawi: Illovo, Govt At Loggerheads Over Sugar Prices allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.
Government has ordered Illovo Sugar Limited to reduce the price of sugar in the country within seven days.But Illovo says it is studying the ministry of Trade and Industry statement and will respond in due course.The government order was made Saturday 11 June 2023 when Finance minister Sosten Gwengwe and Trade minister Simplex Chithyola engaged Illovo board chairman Jimmy Lipunga and Managing Director Lekani Katandula.Government says in a press.
National Bank of Malawi (NBM) plc has unveiled a five–year plan to extend its footprint into two other countries in the region and grow profit to $100 million (about K103 billion) by 2027. NBM board chairperson Jimmy Lipunga told a stakeholders meeting in Blantyre on Wednesday that the Malawi Stock Exchange-listed bank believes its presence