Bussines in Malawi
Malawi's economy remains predominately agrarian, with approximately 85 per cent of the population living in rural areas. Thus, the sector is a key
driver of growth, accounting for more than one-third of GDP and 90 per cent of export revenues. However, the sector is highly vulnerable to weather
shocks and the frequency of drought has increased in recent years.
The mining and service sectors are likely to be highly influential in shaping the economic environment in Malawi in the future.
The Kayelekera uranium mine is scheduled to open in 2009, and at its peak production is expected to increase mining output by 5
per cent and exports by 25 per cent. In 2009, the sector is estimated to grow by 9.6 per cent mainly thanks to these anticipated
exports from the Kayelekera mine. Furthermore, increased quarrying, mining of agricultural lime and improved performance by the
Mchenga coal mine are also likely to boost mining output further in the years ahead.
As for the future, although Malawi was insulated from the contagion effects of the current global financial crisis, it is likely to suffer
from second round effects arising from decline in demand for its commodities, reduced investment inflows as well as overseas development
assistance (ODA). GDP growth is therefore likely to slow in the medium future. However, if uranium production reaches the output planned
it could partly offset the negative effect of the financial crisis on the Malawian economy.
How's the business in Malawi?
Malawi Business comments
As a business man here.Last here we had bad time but this year but this thanks to god things are improving.
it's like any place in planet to do business you'll need to some research.
Kane , Malawi
Not bad like to do business.
Jean , Malawi, Madrid
Phenomenal berakdown of the topic, you should write for me too!
We want to import white pegionpeas(Toor) from Malawi.Anybody who can supply us good quality at a good rate can contact me on firstname.lastname@example.org or call me on cell no. +91 9426001753.
Mukund Dhorajiya , India
Post your comments Here.