Malawi business news

Here are some recent business news articles from Malawi:

Economic News

  1. Malawi's economy grows by 4.4% in 2022 (The Nation, March 2023) - The Malawian economy has recorded a growth rate of 4.4% in 2022, driven by agriculture, manufacturing, and services sectors.
  2. Malawi's inflation rate drops to 9.4% (The Daily Times, February 2023) - The country's inflation rate has decreased to 9.4% in January 2023, from 10.1% in December 2022, due to a decline in food prices.
  3. Malawi's trade deficit widens to K1.3 trillion (The Nation, January 2023) - The country's trade deficit has widened to K1.3 trillion (approximately $1.7 billion) in 2022, due to a significant increase in imports.

Investment and Development

  1. Malawi to receive $100 million from African Development Bank (The Daily Times, March 2023) - The African Development Bank has approved a $100 million loan to support Malawi's economic development, particularly in the agriculture and energy sectors.
  2. Chinese firm to invest $50 million in Malawi's sugar industry (The Nation, February 2023) - A Chinese company, China-Africa Development Fund, has agreed to invest $50 million in Malawi's sugar industry, aiming to increase production and exports.
  3. Malawi's government launches $200 million infrastructure development project (The Daily Times, January 2023) - The government has launched a $200 million infrastructure development project, aimed at improving road networks, bridges, and other public facilities across the country.

Business and Entrepreneurship

  1. Malawi's small-scale farmers benefit from new agricultural financing scheme (The Nation, March 2023) - A new agricultural financing scheme has been launched to support small-scale farmers in Malawi, providing access to credit and other financial services.
  2. Malawian entrepreneur wins award for innovative agricultural product (The Daily Times, February 2023) - A Malawian entrepreneur has won an award for developing an innovative agricultural product, a solar-powered irrigation system, which aims to improve crop yields and reduce water waste.
  3. Malawi's tourism industry grows by 15% in 2022 (The Nation, January 2023) - The country's tourism industry has recorded a growth rate of 15% in 2022, driven by increased arrivals and investments in the sector.

Other News

  1. Malawi's government to introduce new tax regime (The Daily Times, March 2023) - The government has announced plans to introduce a new tax regime, aimed at increasing revenue and reducing tax evasion.
  2. Malawi's energy crisis worsens (The Nation, February 2023) - The country is facing an energy crisis, with power outages becoming more frequent, due to a shortage of electricity generation capacity.
  3. Malawi's government launches anti-corruption campaign (The Daily Times, January 2023) - The government has launched an anti-corruption campaign, aimed at reducing corruption and promoting transparency and accountability in public institutions.

These are just a few examples of recent business news from Malawi.