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.
Minister of Agriculture, Sam Kawale says inefficiencies in this year’s tobacco auction floors are fuelling smuggling of the country’s green gold outside the country.
The prevailing economic challenges have been cited as the major reason the stock market is not registering growth despite amendment on some requirements for companies to be listed on the market.
Old Mutual (Malawi) Limited, one of the the leading financial service providers in Malawi has stressed the need to position financial inclusion in the country’s efforts aiming at achieving financial transformation.
The Ministry of Trade and Industry has outlined a number of measures in a bid to revive Malawi’s banana industry and reduce import dependency.
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