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.
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.