By Suleman Chitera
State-owned has come out strongly to shut down swirling reports that it is on the verge of being sold, calling the claims misleading and unfounded.
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The controversy erupted after remarks made on the Hot Current program aired on , where it was alleged that there is “evidence” pointing to a looming sale of the sugar giant. The claims quickly sparked concern among the public, raising fears over the future of one of Malawi’s key agro-industrial assets.
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But in a firm response, the company’s acting board chairperson, , dismissed the assertions, insisting that there are no discussions or intentions by government to sell the company at this time.
“All operations are stable, and the company is moving in the right direction,” Thupi emphasized in an official statement, pushing back against what he described as damaging speculation.
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The clarification comes at a critical time, following the government’s recent decision to reclaim full control of Salima Sugar after terminating its agreement with . The move was widely seen as a strategic effort to restore efficiency and accountability within the company
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Now, with ownership firmly back in government hands, officials appear determined to steady the ship—and silence any talk of privatization.
The strong denial signals a clear message: Salima Sugar is not for sale—at least not now.
