Mumba Revokes Illovo Sugar Export Licence

Trade Minister Vitumbiko Mumba revokes Illovo Sugar Export Licence citing “irresponsible habit on the market”

A move that will have several negative effects on the economy of the country with sugar already selling at about K6,000 per 1kg packet.

Malawi’s Minister of Trade Vitumbiko Mumba has with immediate effect revoked export license for Illovo Sugar Company citing market manipulation and disregard poor Malawians needs.

He made the decision while opening new production plant at Salima Sugar Company. Mumba has since extended import licences to Brazil and Egypt.

But the move has economic consequences as Illovo Sugar Company employs thousands of workers, skilled and unskilled. The company also pays huge taxes to government while at the same time generates forex for the nation which is country passing through troubled waters.

“Malawians cannot suffer while a few players exploit the market. We are taking decisive action to restore sanity and supply,” Mumba declared.

Currently sugar is already selling at a high price of K6,000 in 2025 as compared to K600 in 2020.

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Mumba Revokes Illovo Sugar Export Licence

Trade Minister Vitumbiko Mumba revokes Illovo Sugar Export Licence citing “irresponsible habit on the market” A move that will have several negative effects on the economy of the country with sugar already selling at about K6,000 per 1kg packet. Malawi’s Minister of Trade Vitumbiko Mumba has with immediate effect revoked export license for Illovo Sugar Company citing market manipulation and disregard poor Malawians needs. He made the decision while opening new production plant at Salima Sugar Company. Mumba has since extended import licences to Brazil and Egypt. But the move has economic consequences as Illovo Sugar Company employs thousands of workers, skilled and unskilled. The company also pays huge taxes to government while at the same time generates forex for the nation which is country passing through troubled waters. “Malawians cannot suffer while a few players exploit the market. We are taking decisive action to restore sanity and supply,” Mumba declared. Currently sugar is already selling at a high price of K6,000 in 2025 as compared to K600 in 2020.

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