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.
Airtel Malawi has come out in the open, saying it suspects a deliberate act of sabotage against its operations.
The Renewable Energy Industry Association of Malawi (REIAMA) has identified limited interest from local banks in financing renewable energy projects as a major challenge facing the sector.
Malawi is losing out on an opportunity worth over $600 million due to its failure to manage the production of over 500,000 metric tons of cotton demanded by international markets such as India, Japan, Australia, and others.
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