Malawi Lags Behind Neighbours on FDI

Amid Malawi’s “unprecedented challenges”, Church Leaders Urged to “always” Be in Solidarity with Poor, Marginalized

As Malawi grapples with rising levels of corruption and worsening levels of poverty among other “unprecedented challenges”, Church leaders are being urged to “always” demonstrate solidarity with the needy in society.  Speaking on the first day of the June 23-27 second Plenary Assembly of the members of the Malawi Conference of Catholic Bishops (MCCB), the MCCB President said, “This Plenary comes at a time when our country is facing unprecedented…

Malawi lags behind neighbours on FDI

Foreign investors seem to be shunning the Malawi market in preference for neighbouring countries, a development observers say is largely due to macro-economic instability. Published data from United Nations Conference on Trade and Development shows that in 2024, foreign direct investment (FDI) inflows to Malawi stood at $220 million (about K385 billion), a rise from the previous year’s $214 million (about K375 billion), but below regional neighb…

Surge in agricultural credit signals renewed confidence in Malawi’s farming sector - Malawi Freedom Network

By Burnett Munthali The Bankers Association of Malawi (BAM) has announced a significant rise in commercial bank lending to the agricultural sector, with credit increasing from K14 billion in 2023 to K44 billion in 2024. This threefold increase in credit injection is being hailed as a strong vote of confidence in the agricultural sector’s potential to transform Malawi’s economy. BAM Chief Executive Officer, Lyness Nkungula, revealed the developme…

European Union invests K4 trillion in Malawi

The European Union (EU) joint strategy is set to invest €2 billion (approximately K4 trillion) in Malawi under the Global Gateway strategy. The money, of which €1.4 billion is a grant and €600 million a loan, is set to be invested in energy, transport, health, education and research. Speaking at the launch of the strategy Wednesday, EU Ambassador to Malawi Rune Skinnebach said working together leverages collective strengths and capacities to sup…