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Economists urge formalisation SMEs to drive growth
Summary by The Nation
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Economists urge formalisation SMEs to drive growth
Economists have said small and medium enterprises (SMEs) are key to Malawi’s economy, but their formalisation should balance benefits and costs to unlock growth, jobs and resilience. They said SMEs employ thousands and drive innovation across different sectors, yet most of them continue to operate informally, limiting growth potential and government revenue. University of Malawi macroeconomics lecturer Edward Leman said in an interview on Wednes…
·Blantyre, Malawi
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