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Malawi is strategising on how to benefit more from the African Growth and Opportunity Act (Agoa) ahead of its possible renew for an additional 16 years. Agoa, a United States (US) Government trade window opened in 2000 to deepen trade ties with Africa and help African countries develop their economies, provides duty-free access to the
The Economist Intelligence Unit (EIU) has projected Malawi’s 2024 annual inflation to rise 5.1 percentage points from 28.8 percent in 2023 to 33.9 percent. In its quarterly projections, quoted in the Nico Asset Managers March 2024 Monthly Economic Report, EIU attributes this to the flexible exchange rate regime. Reads the report in part: “Inflation is
Businesses expect better performance this year, a recent survey by the Malawi Confederation of Chambers of Commerce and Industry (MCCCI) has shown. MCCCI is banking on the stability of electricity supply, availability of foreign currency, and the confidence that an inflow of foreign direct investments will follow as a result of the International Monetary Fund’s