EFM hails early economic stability under Mutharika

By Michael Martin//MALAWI

● Mkhutche notes positive 90 days turnaround

The Economic Freedom Movement (EFM) has commended the Peter Mutharika administration for what it describes as encouraging early signs of economic stability and renewed fiscal discipline.

The movement says the early signals are critical for restoring national prosperity and improving the livelihoods of Malawians.

EFM Commander in Chief Joseph Pesh made the remarks during a press briefing held in Lilongwe on Tuesday.

Pesh said the grouping is encouraged by what it sees as decisive leadership steps taken shortly after President Mutharika’s return to office.

According to Pesh, the administration’s early actions demonstrate seriousness of purpose and a clear commitment to economic recovery.

He said EFM views the current political transition as an opportunity to rebuild confidence in Malawi’s economic direction.

Pesh expressed hope that the President’s return would translate into stability, growth, and renewed investor confidence.

Among the developments commended by EFM is President Mutharika’s decision to honour the political alliance with the Alliance for Democracy (AFORD).

The movement said respecting alliance agreements strengthens political stability and predictability in governance.

EFM also welcomed gender-sensitive appointments, noting that inclusivity enhances national unity and effective leadership.

The grouping further praised the administration’s commitment to austerity measures aimed at controlling public spending and reducing waste.

Pesh said the appointment of what he described as a capable and inclusive cabinet reflects a clear vision and strategy for economic recovery.

He emphasized that disciplined leadership is essential for restoring public trust in government institutions.

Pesh added that EFM stands ready to support policies and actions that promote economic freedom and national prosperity.

However, the movement also raised concerns over unresolved accountability issues surrounding the National Oil Company of Malawi (Nocma).

EFM demanded that former president Lazarus Chakwera should assist the current administration in addressing the fuel crisis linked to Nocma.

Pesh said Chakwera should help ensure accountability for officials he previously threatened to fire during the height of the fuel shortages.

During a national address, Chakwera had vowed to dismiss certain Nocma officials after the September 16 general election.

However, Chakwera lost the election along with his Malawi Congress Party amid concerns over economic decline, corruption, and governance challenges.

Following the election, Chakwera claimed the fuel crisis was the result of resistance from corrupt interests.

He said it was unfortunate that ordinary Malawians, especially motorists, were affected by the standoff.

In that address, Chakwera apologized to the nation, alleging that some Nocma officials deliberately delayed fuel imports.

EFM now insists that such claims require follow-up action and concrete accountability measures.

Pesh challenged Chakwera to cooperate with President Mutharika to ensure that those implicated are held responsible.

He said the fight against corruption must not be selective or dependent on political power.

Meanwhile, EFM has reiterated its support for the Mutharika administration’s early economic reforms.

The movement said austerity measures introduced by government are a positive step toward stabilizing the economy.

However, Pesh warned that reforms must be matched with decisive action against corruption within and outside government.

He said accountability without fear or favour will be key to restoring confidence in public institutions.

In a related development, political analyst Wonderful Mkhutche has also praised President Mutharika’s performance during his first 90 days in office.

Mkhutche said the President has demonstrated strong leadership and direction during the initial period of his administration.

He noted that several economic challenges have started easing, including fuel shortages, foreign currency scarcity, and food insecurity.

According to Mkhutche, Malawi’s economy had reached a critical low point before the new administration took office.

He said President Mutharika deserves credit for introducing corrective measures aimed at reviving economic activity.

Mkhutche expressed optimism that if the current trajectory is maintained, the economy will continue to stabilize and grow.

Both EFM and political analysts say sustained discipline, accountability, and policy consistency will be crucial for Malawi’s long-term economic recovery.