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Malawi abruptly shut down Salima Sugar Company, sparking uncertainty and economic concerns.
The Malawian government has abruptly halted operations at the Salima Sugar Company without providing an official explanation, according to executive director Wester Kosamu.
The shutdown, occurring despite ongoing maintenance and preparations to resume production, has left employees and outgrower farmers in uncertainty.
The company, a key public-private project aimed at boosting rural development and reducing sugar imports, now faces an unclear future.
While police denied closure, stating only enhanced security is in place due to leadership transitions, industry experts warn the move could worsen inflation, unemployment, and investor confidence.
The halt threatens domestic sugar supply and raises concerns about economic stability in Salima and Nkhotakota districts.
Malawi cerró abruptamente la compañía de azúcar Salima, provocando incertidumbre y preocupaciones económicas.