By Blessings Bwanalih

Telekom Networks Malawi (TNM) has announced that it will hike prices of its products and services by an average of 20% effective Tuesday, August 16, 2022.

 A statement from TNM said the adjustment has been necessitated by the recent 25% devaluation of Malawi Kwacha and the rising inflation rate.

According to TNM, the development is also aimed at maintaining its goal of providing high-quality and affordable products and services.

The statement said details of the new pricing will be published in the media as required by the company’s licence.