The Public Finance and Political Economy Ledger

Where finance, power, and development intersect

  • Pathways into the elite in Malawi

    Pathways into the elite in Malawi

    Education, Traditional Authority, minority economic advantage and urban wealth, and how social networks convert one into another. Abstract Entry into the Malawian elite is conventionally mapped onto four pathways: formal education, traditional authority, the economic advantage of a commercial minority, and the accumulation of urban wealth. This paper argues that in Malawi, these are not…

    Education, Traditional Authority, minority economic advantage and urban wealth, and how social networks convert one into another. Abstract Entry into the Malawian elite is conventionally mapped onto four pathways: formal education, traditional authority, the economic advantage of a commercial minority, and the accumulation of urban wealth. This paper argues that in Malawi, these are not…

  • The wedding levy economy.

    The wedding levy economy.

    At BICC, the ritual is always the same. Somewhere between the cake and the send-off, the master of ceremonies calls out the wedding committees by name, and the envelopes come forward, clan by clan, workmate table by workmate table, church group by church group, each contribution counted, sometimes announced aloud, sometimes tallied on a chart…

    At BICC, the ritual is always the same. Somewhere between the cake and the send-off, the master of ceremonies calls out the wedding committees by name, and the envelopes come forward, clan by clan, workmate table by workmate table, church group by church group, each contribution counted, sometimes announced aloud, sometimes tallied on a chart…

  • What KPMG taught me but PFM training didn’t.

    What KPMG taught me but PFM training didn’t.

    My first engagement as an audit trainee with KPMG (now Grant Thornton) was a bank reconciliation. Not a system, not a policy-a reconciliation. My supervisor sat with me until every tambala tied out, and when one didn’t, we did not move on. We stayed with it until we knew whether it was a timing difference,…

    My first engagement as an audit trainee with KPMG (now Grant Thornton) was a bank reconciliation. Not a system, not a policy-a reconciliation. My supervisor sat with me until every tambala tied out, and when one didn’t, we did not move on. We stayed with it until we knew whether it was a timing difference,…

  • The weight of paper: Regulation without judgment in Malawi’s manufacturing and infrastructure sectors.

    The weight of paper: Regulation without judgment in Malawi’s manufacturing and infrastructure sectors.

    On 15 July 2026, Parliament’s Committee on Natural Resources, sitting jointly with the Agriculture and Trade and Investment Committees, heard testimony from Dr Napoleon Dzombe, founder and Managing Director of Mtalimanja Holdings, on why his Mulalo Granular Fertiliser Production Factory in Dowa was still not operating (Nyasa Times, 2026a; Malawi Voice, 2026). Dzombe told MPs…

    On 15 July 2026, Parliament’s Committee on Natural Resources, sitting jointly with the Agriculture and Trade and Investment Committees, heard testimony from Dr Napoleon Dzombe, founder and Managing Director of Mtalimanja Holdings, on why his Mulalo Granular Fertiliser Production Factory in Dowa was still not operating (Nyasa Times, 2026a; Malawi Voice, 2026). Dzombe told MPs…

  • The Monkey Bay signal: Malawi’s transport sector at a critical juncture.

    The Monkey Bay signal: Malawi’s transport sector at a critical juncture.

    An incident that answers a policy question. On 12 July 2026, a Tanzanian-flagged vessel carrying coal docked at Monkey Bay jetty without the two days’ advance notice required of arriving vessels (Malawi Voice, 2026). Malawi Lake Services was not informed; the marine officer on duty denied it permission to proceed further and ordered the captain…

    An incident that answers a policy question. On 12 July 2026, a Tanzanian-flagged vessel carrying coal docked at Monkey Bay jetty without the two days’ advance notice required of arriving vessels (Malawi Voice, 2026). Malawi Lake Services was not informed; the marine officer on duty denied it permission to proceed further and ordered the captain…

  • One child, many warnings: China’s population lesson for Sub-Saharan Africa

    One child, many warnings: China’s population lesson for Sub-Saharan Africa

    Introduction Between 1979 and 1980, China moved from a set of loose exhortations on family size to a nationally enforced rule limiting most couples to a single child. The policy remained in force, with regional variation and periodic relaxation, until it was formally ended in 2016. It is frequently cited, correctly, as one of the…

    Introduction Between 1979 and 1980, China moved from a set of loose exhortations on family size to a nationally enforced rule limiting most couples to a single child. The policy remained in force, with regional variation and periodic relaxation, until it was formally ended in 2016. It is frequently cited, correctly, as one of the…

  • Powering the dream, pricing it out: Why Malawi’s electricity tariff and other structural bottlenecks are quietly sabotaging Pillar 2 of Malawi 2063

    Powering the dream, pricing it out: Why Malawi’s electricity tariff and other structural bottlenecks are quietly sabotaging Pillar 2 of Malawi 2063

    1. Introduction: From lament to lobby I have used this space in recent weeks to argue that Malawi’s youth unemployment crisis is structural rather than accidental, and to lament how tuition fees, VAT, transaction levies, road traffic penalties and toll gate fees are milking an economy without growing it. Those pieces described symptoms. This one…

    1. Introduction: From lament to lobby I have used this space in recent weeks to argue that Malawi’s youth unemployment crisis is structural rather than accidental, and to lament how tuition fees, VAT, transaction levies, road traffic penalties and toll gate fees are milking an economy without growing it. Those pieces described symptoms. This one…

  • Overmilking the cow: A lament in eight milkings, for a nation taxed into thirst.

    Overmilking the cow: A lament in eight milkings, for a nation taxed into thirst.

    I. The first milking: A calf becomes a cow Every village keeps a cow it is proud of. It is fed on the commons, watered at the river everyone shares, and in return it gives milk to the household, enough for the children’s porridge, a little for the market, and a cup left over for…

    I. The first milking: A calf becomes a cow Every village keeps a cow it is proud of. It is fed on the commons, watered at the river everyone shares, and in return it gives milk to the household, enough for the children’s porridge, a little for the market, and a cup left over for…

  • The Poverty dividend: How Africa’s political elites profit from what they promise to end.

    The Poverty dividend: How Africa’s political elites profit from what they promise to end.

    There is a question Malawians rarely allow themselves to ask out loud, because it sounds cynical, almost treasonous, in a country that prays publicly for development: what if poverty is not simply a policy failure we keep failing to fix, but an arrangement that works rather well for the people who keep failing to fix…

    There is a question Malawians rarely allow themselves to ask out loud, because it sounds cynical, almost treasonous, in a country that prays publicly for development: what if poverty is not simply a policy failure we keep failing to fix, but an arrangement that works rather well for the people who keep failing to fix…

  • What the NGOs did to our factories: How the proliferation of NGOs came to stand where Malawi’s factories once stood and what it did to the jobs

    What the NGOs did to our factories: How the proliferation of NGOs came to stand where Malawi’s factories once stood and what it did to the jobs

    Introduction Consider two numbers that, set side by side, describe a country. By September 2024, Malawi had 604 non-governmental organisations operating with valid licences, a figure that had grown by more than a quarter in a single year (NGORA, 2024). In that same economy, manufacturing contributed about 9.5% of gross domestic product (World Bank, 2024),…

    Introduction Consider two numbers that, set side by side, describe a country. By September 2024, Malawi had 604 non-governmental organisations operating with valid licences, a figure that had grown by more than a quarter in a single year (NGORA, 2024). In that same economy, manufacturing contributed about 9.5% of gross domestic product (World Bank, 2024),…

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