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Economy

Update: Ecama Warns on Inflation Targets as Sparc Systems Backs ICTAM Expo

Friday, May 29, 2026
Photo: Nation Online

The Economics Association of Malawi has cautioned that the country faces a difficult path to reducing its inflation rate to the targeted 15 percent by March 2027, Nation Online reports. In its May 2026 Inflation Outlook, the association noted that high food prices remain the primary obstacle, accounting for more than half of the national inflation basket. Food costs contributed 13.5 percentage points to the 23.4 percent headline inflation recorded in the first quarter of the year.

To help reduce the country's reliance on costly agricultural imports and ease foreign exchange pressures, Wait Holdings has opened a new fertiliser blending facility in Blantyre, according to Nation Online. Managing Director Irene Mlundira stated that the Lunzu-based plant is fully operational and capable of blending 50 metric tonnes of crop-specific fertiliser per hour. Agricultural policy experts have welcomed the facility, noting it will directly benefit the local agro-based economy by providing alternatives to expensive imports from Russia and the Middle East.

Meanwhile, efforts to expand the digital economy are receiving new financial backing from the private sector. Malawi24 reports that technology firm Sparc Systems has invested K20 million into the upcoming ICTAM Expo. The event is operating under the theme "Unlocking Malawi's Digital Economy" and will focus on increasing information and communication technology exports, securing electronic payments, and building technological resilience across the nation.

Sources

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