The Reserve Bank of Malawi is reporting tremendous increase on financial inclusion in the country from 19% in 2008 to 88% in 2025, projected to have a huge bearing on the country's economy.
Smaac Settlement Trust Limited says Malawi is sitting on a gold mine but failing to take advantage of it — the country is the largest pig producer in Africa, with about 13 million pigs, and ranks 19th globally, yet it still struggles to benefit due to a lack of value addition.
Standard Bank PLC says professional development and financial literacy should go hand in hand to enable the country’s workforce to achieve meaningful personal growth and contribute to national economic development.
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