A business incubation and development initiative, 265 Pitch, has unveiled ambitious plans to support over 100 enterprises in the next two years. The platform will provide new market linkages and improved access to financing to accelerate the growth of Small and Medium Enterprises (SMEs) in Malawi.
Airtel Money, in partnership with Wella Medical Aid Society (WEMAS), has launched Thanzi, Malawi’s first micro health insurance scheme, aimed at improving access to affordable healthcare for underserved populations, particularly in rural communities.
The country has sold over 3000 metric tons of cotton since the opening of the cotton market over three weeks ago, raking in K4 billion in the process.
The Fisheries Department has challenged official figures putting the sector’s contribution to Malawi’s gross domestic product (GDP) at only 1 percent, arguing the real contribution is much higher.
While Malawi’s commercial banks continue to post record high profits, financial experts are raising concerns over the disconnect between the financial sector’s performance and the economic welfare of ordinary citizens.
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