Ministry of Finance-Malawi

24/09/2026

Economy Making Headway- Mwanamvekha

Finance Minister Joseph Mwanamvekha said Malawi's economy is stabilising, with inflation dropping down from 28.2 percent to 20.0 percent in a year, as the government negotiates a new IMF Extended Credit Facility (ECF) programme.

He made the remarks on Thursday at the launch of the World Bank's 23rd Malawi Economic Monitor at the Bingu International Convention Centre, and he promised the programme would be "nationally designed."

Mwanamvekha said the country has made headway in stabilizing the economy citing the dropping of food inflation from 33.7 percent to 13.4 percent between August 2025 and August 2026, the policy rate easing from 26 to 24 percent, and GDP growth rising from 2.5 to 2.8 percent and foreign reserves improving from less than a month to 2.5 months.

The government also recorded a domestic primary surplus in the first five months of 2026/27 as revenues beat targets.

18/09/2026

Mwanamvekha Calls for Private Capital to Support Malawi’s Infrastructure Development

Minister of Finance, Economic Planning and Decentralization Hon. Joseph Mathyola Mwanamvekha MP has called for stronger partnerships between Government, the private sector, development partners and communities to mobilise sustainable financing for infrastructure development in Malawi.

Speaking as Guest of Honour last night at the Public Private Partnership Commission (PPPC) Financing Forum at Bingu International Convention Centre (BICC) in Lilongwe, Mwanamvekha said infrastructure is critical to achieving the Malawi 2063 and First 10-Year Implementation Plan (MIP-1) goals.

Mwanamvekha highlighted key infrastructure priorities including power generation, roads, railways, industrial parks, export processing zones, airports, inland water transport and access to the sea.

He said Malawi faces challenges such as limited fiscal space, high borrowing costs and perceived investment risks, while noting that Public-Private Partnerships (PPPs), blended financing and innovative instruments such as infrastructure bonds and green financing can help unlock private capital.

The function was attended by Minister of Information Dr. Shadreck Namalomba MP, Hon. Charles Mhango, Deputy Minister of Health Hon. Charles Chalambula MP, Minister of Energy Hon. Jean Mathanga MP, Deputy Minister of Education Hon. Francis Folley MP, FDH Bank CEO William Mpinganjira, Standard Bank Malawi CEO Philip Madinga, Secretary to the Treasury Dr. Cliff Chiunda and other government officials and stakeholders.

16/09/2026

Zikutheka!

15/09/2026

Mwanamvekha Hails EIB-Centenary Bank Partnership

Minister of Finance, Economic Planning and Decentralization Hon Joseph Mathyola Mwanamvekha MP has hailed the partnership between the European Investment Bank (EIB) and Centenary Bank Malawi, saying it will help expand financial inclusion and access to capital for Malawians.

Speaking at the official launch at BICC in Lilongwe, Mwanamvekha said EIB is providing €7.5 million (about MK15.6 billion) through Centenary Bank to support small agricultural businesses and farmers, with a focus on sustainable agriculture, women and youth empowerment.

Mwanamvekha said the partnership will help farmers invest in better inputs, enable small businesses to grow and create jobs, describing financial inclusion as an important tool for improving livelihoods and economic growth in Malawi.

09/09/2026

Seoul - Korea

Mwanamvekha holds talks with the Korean Deputy Minister of Finance in Seoul.

Malawi’s finance team is working overtime in Seoul—turning the KOAFEC conference into a deal-making hub for grants, investment and technical support.

Finance Minister Joseph Mwanamvekha has met with AfDB President Sidi Ould Tah and South Korea’s Deputy Minister of Finance and Economy Jinsung Moon to push for resources to boost Malawi’s budget.

“The meeting has offered us an opportunity to engage further with the Bank but also the Korean government.

The two partners are willing to partner us in our development efforts,” said the minister, who also shared investment opportunities available in Malawi with the Korean deputy minister of finance.

“Korea says it is ready to explore investment opportunities in Malawi but also help us with skills transfer in technology. This is important if we are to create a productive economy,” said the minister.

Minister Moon said Korea remains committed to supporting African partners, positioning Malawi to tap into grants, concessional loans and private-sector opportunities that could boost key sectors.

02/09/2026

MINISTER MWANAMVEKHA COMMENDS MRA STAFF AT DEDZA BORDER FOR DILIGENCE AND MEETING REVENUE TARGETS

The Honourable Joseph Mathyola Mwanamvekha, MP, Minister of Finance and Economic Planning, yesterday commended officers of the Malawi Revenue Authority at the Dedza Border for their professionalism, commitment and for consistently meeting revenue collection targets.

The Minister made the remarks during a working visit to the border post. The purpose of the visit was to appreciate the daily challenges faced by staff and to find practical solutions to improve service delivery.

One of the key challenges raised was the shortage of computers, which slows down operations and puts extra pressure on officers.

Hon. Mwanamvekha assured the team that under the leadership of His Excellency Professor Arthur Peter Mutharika and the Democratic Progressive Party administration, these challenges will be addressed as a matter of priority. He noted that a well-equipped and motivated workforce is central to increasing government revenue and protecting the economy.

Accompanying the Minister were Dr. Cliff Chiunda, Secretary to the Treasury, and senior officials from the Ministry of Finance.

The Minister applauded the MRA staff at Dedza for their patriotism and hard work. He said their contribution is vital to building a stronger Malawi, where public services are funded and development projects are delivered on time.

The DPP administration remains committed to supporting frontline institutions like the MRA with the necessary tools and resources so that officers can serve Malawians with efficiency, integrity and pride.

20/08/2026

Government welcomes €143 Million EU investment package

Government has welcomed the European Union’s 2026 Annual Action Plan, which will provide a €143 million investment package to support Malawi’s long-term economic transformation.

Speaking at the announcement ceremony in Lilongwe, Minister of Finance, Economic Planning and Decentralisation Joseph Mathyola Mwanamvekha said the investment aligns with Malawi Vision 2063 and the Malawi 2063 First 10-Year Implementation Plan.

The package will support agriculture, energy, education and skills development, including the €35 million AgriCatalyst Malawi Programme, the €125 million Malawi Energy Efficiency Enhancement Programme and the €68 million EYES of Malawi Programme.

Mwanamvekha said the programmes will help boost agricultural productivity, improve energy reliability, create jobs and equip young people with skills needed to drive economic growth.

He expressed government’s gratitude to the EU, European Investment Bank and other Team Europe partners for their continued support, while reaffirming government’s commitment to accountability, transparency and results.

04/08/2026

Parliament has passed the Financial Services (Amendment) Bill, 2026, allowing unclaimed funds from liquidated financial institutions to be managed under the Public Finance Management Act, 2022.

Presenting the Bill, Finance Minister Joseph Mathyola Mwanamvekha said the amendment will improve transparency, accountability, and consistency in the management of unclaimed funds.

Chairperson of the Parliamentary Budget Committee, Sosten Gwengwe, supported the Bill but urged the government to ensure that rightful owners can still reclaim their funds whenever they are identified.

29/07/2026

29/07/2026

Government of Malawi Under His Excellency Professor Arthur Peter Mutharika Secures US$130 Million in Grants ( about K229 billion)

On Wednesday, 29 July 2026, Parliament approved two Bills presented by the Minister of Finance, Economic Planning and Decentralization, Hon. Joseph Mathyola Mwanamvekha, MP, securing US$130 million (about MK229 billion) in grants from the International Development Association (IDA)

The first grant, US$50 million (MK87 billion), will finance the Transforming High-Potential Resilient Value Chains (THRiVE) Project, which seeks to boost exports by supporting productive exporters and small and medium enterprises (SMEs). The project will improve access to finance, streamline export licensing through Control of Goods Act of 2018, strengthen trade policies, provide matching grants to SMEs, and help generate more jobs and foreign exchange earnings.

The second grant, worth US$80 million (MK142 billion), will fund the Governance to Enable Service Delivery (GESD 2.0) Project. The initiative will strengthen fiscal decentralization, improve local governance and accountability, provide performance-based grants to local councils, and enhance financial management and service delivery, helping councils implement development projects that directly benefit communities across the country.