Standard Bank Plc says it has recorded an overwhelming response to its Financial Fitness Academy (FFA), which was launched in June this year as part of its commitment to improving financial literacy across Malawi.
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.