Price Stabilization Policy to Boost Business Environment

Minister of Finance and Economic Affairs, Simplex Chithyola Banda, has unveiled a groundbreaking initiative aimed at stabilizing prices and ensuring affordability for consumers.

Speaking in Parliament on Friday during the presentation of the 2025/2026 national budget, Chithyola Banda announced that the government is developing a comprehensive price stabilization policy in collaboration with private sector players and consumer protection bodies.

He emphasized that the initiative seeks to curb price volatility, which has been a significant challenge for Malawians in recent years.

“By working closely with stakeholders, the government aims to create a more predictable and stable market environment,” he stated.

As part of broader structural reforms, he noted that authorities plan to strengthen national supply chains through strategic reserves and supply agreements.

“This will help prevent shortages and ensure that essential goods remain accessible and affordable for consumers,” he added.

Chithyola Banda further highlighted the government’s commitment to securing an adequate maize supply, including imports where necessary, to mitigate food shortages.

“This is a crucial step towards ensuring food security and easing the burden on Malawian households,” he said.

He reiterated that the development of a price stabilization policy is a key pillar in the government’s efforts to promote economic growth and stability. By addressing the root causes of price fluctuations and supply chain disruptions, the government hopes to foster a more favorable business environment and improve the livelihoods of Malawians.