Economy

Summary of Performance

as of December 31, 2024

Arranged in order of latest update

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Expand electricity generation capacity to 2000 megawatts within the first two years and to 5000 megawatts within the next 5 to 10 years.Read MoreRight arrow
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Integrate the Malawi economy into the global marketRead MoreRight arrow
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Ensure strict adhere and compliance with laws to promote investment in mining by both local and international companiesRead MoreRight arrow
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Review and promote a fair and effective taxation systemRead MoreRight arrow
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Develop and operationalise laboratory services to test both mineral and petroleum samples locallyRead MoreRight arrow
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Upgrade all existing port facilities at Chilumba, Nkhata Bay, Nkhota-kota, Chipoka and Monkey Bay and construct new onesRead MoreRight arrow
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Reduce the level of domestic and external debt from the current MK 3.5 Trillion to less than MK 1 Trillion within the next five yearsRead MoreRight arrow
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Establish four fully serviced economic zonesRead MoreRight arrow
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Undertake investment promotion to enhance industrialisation and attract FDIRead MoreRight arrow
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Ensure that the country has adequate production, supply, and stock of petroleum fuels at all timesRead MoreRight arrow
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Encourage value chain addition and agroprocessing to imrpove gross margins for farmersRead MoreRight arrow
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Set up a bank foused on giving credit to youth and women to enhance their participation in the country's economyRead MoreRight arrow
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Promote a wide range of incentives over and above the existing tax incentives to promote tourism in the countryRead MoreRight arrow
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Revitalise the Agricultural Development and Marketing Corporation (ADMARC)Read MoreRight arrow
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Organise regular tourism promotion eventsRead MoreRight arrow
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Repossess and redistribute land that remains idle and undeveloped beyond the specified development periodRead MoreRight arrow
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Incentivize Financial Service Providers (FSPs) to provide products based on the the needs and wants of young entrepreneursRead MoreRight arrow
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Prioritise local participation in FDIsRead MoreRight arrow
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Increase access to electricity to 60% within the next five yearsRead MoreRight arrow
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Implement and fund the Transport Master PlanRead MoreRight arrow
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Facilitate market expansions for agricultural products by creating pathways to new markets and enhaning relationships with current trade partnersRead MoreRight arrow
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Develop a comprehensive tax policyRead MoreRight arrow
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Mobilise financial resources domestically and manage through a water-tight strategy of zero tolerance of corruptionRead MoreRight arrow
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Diversify energy sourcesRead MoreRight arrow
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Create a favourable environment for the private sector to facilitate investments and growth of a robust economy to benefit MalawiansRead MoreRight arrow
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Improve infrastructure network to grant tourists access to facilitiesRead MoreRight arrow
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Implement the Artisanal and Small-scale Mining (ASM) policyRead MoreRight arrow
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Develop the mining's local content policy to ensure Malawians benefit from mining investmentsRead MoreRight arrow
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Raise the irrigable hectarage to over 50% within the next five yearsRead MoreRight arrow
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Ensure more coordinated planning and development of urban areas to ensure all developments meet set minimum standardsRead MoreRight arrow
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Implement policies to keep inflation levels down to single digit valuesRead MoreRight arrow
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Promote the development of Small and Medium Enterprises (SMEs) and CooperativesRead MoreRight arrow
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Strengthen agro-value chains to improve access to finance and markets for farmersRead MoreRight arrow
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Improve the design of urban or residential road networkRead MoreRight arrow
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Ensure a predictable operating environment for doing business to support private sector and attract FDIRead MoreRight arrow
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Offer domestic operation licenses to other operators to increase the volume of traffic and open up strategic tourist destinations.Read MoreRight arrow
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Remove all tariff and non-tariff barriers on internet facilitiesRead MoreRight arrow
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Extend fibre optic cable network to all urban and rural centresRead MoreRight arrow
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Create an enabling environment for the growth of ICT and telecommunicationRead MoreRight arrow
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Establish a new National AirlinerRead MoreRight arrow
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Upgrade M1 road from Nsanje to ChitipaRead MoreRight arrow
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Develop a tourism marketing planRead MoreRight arrow
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Promote transparency and accountability in the issuance of mining licenses and management of proceedsRead MoreRight arrow
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Implement the new mining policyRead MoreRight arrow
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Review and improve the National Export StrategyRead MoreRight arrow
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Promote energy programming, budgeting and monitoringRead MoreRight arrow
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Construct a mega dam with the capacity to generate 2000 megawattsRead MoreRight arrow
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Introduce universal Farm Input Subsidy ProgrammeRead MoreRight arrow
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Change the fiscal year to run from 1st April to 31st MarchRead MoreRight arrow
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Ensure that the rate of economic growth is higher than population growth rate with an annual growth rate of 6% for the next 10 yearsRead MoreRight arrow
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Enact interest cap legislation to limit interest rates charged by commercial banks at no more than 5% above the Reserve Bank of Malawi (RBM) Base Lending RatesRead MoreRight arrow
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Support women farmers' collectives and savings groupsRead MoreRight arrow
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Revamp and upgrade all airports, particularly Nyika, Chitipa, Salima, Mangochi, Mulanje and Chikwawa.Read MoreRight arrow
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Create a favourable environment for Civil Society Organisations (CSOs) to participate in the economy and contribute to national developmentRead MoreRight arrow
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Establish new Lake Malawi tourist cities in Karonga, Salima and MangochiRead MoreRight arrow
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Connect all government offices and public facilities to broadband internetRead MoreRight arrow
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Allow new entrants to ICT sectorRead MoreRight arrow
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Review policies and constraints affecting the airline industry and increase the fleet of aircrafts for domestic operatorsRead MoreRight arrow
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Introduce more modern water transport vessels for both cargo and passenger services on Lake Malawi.Read MoreRight arrow
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Revamp support institutions for water transport safetyRead MoreRight arrow
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Review the water transport concession agreementsRead MoreRight arrow
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Depoliticise road development programmesRead MoreRight arrow
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Reintroduce the district Roads Improvement and Maintenance Programme (DRIMP)Read MoreRight arrow
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Exploit social media as an instrument for promoting Malawi as an attractive tourist destination.Read MoreRight arrow
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Forecast human resource needs and ensure our people attain knowledge fit for exploitation of non-renewable resourcedRead MoreRight arrow
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Develop a Comprehensive Mining Strategy (CMS)Read MoreRight arrow
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Finalise geo-mineral resource mapping and develop a comprehensive exploitation planRead MoreRight arrow
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Identify potential mineral buyers and re-establish Gemstone Marketing CentersRead MoreRight arrow
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Domesticate the AMV by establishing a workable and investment-based Country Mining Vision (CMV)Read MoreRight arrow
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Establish village factoriesRead MoreRight arrow
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Create designated spaces in metropoles as markets for Malawian merchandize and promote a Buy Malawi strategyRead MoreRight arrow
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Introduce a differentiated tax incentive schemeRead MoreRight arrow
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Promote rural industrializationRead MoreRight arrow
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Establish an Economic Empowerment Fund (EEF) with affordable interest rates for SMEsRead MoreRight arrow
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Enhance participation of indigenous Malawians in major government procurement and investment initiativesRead MoreRight arrow
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Improve the adequacy, quality and and quantity of energy distribution faciliticiesRead MoreRight arrow
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Construct waste management plants in Blantyre, Lilongwe, Mzuzu and ZombaRead MoreRight arrow
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Reintroduce training of extension personnelRead MoreRight arrow
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Reduce post-harvest losses to less than 10% especially among smallholder farmersRead MoreRight arrow
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Turn maize into a cash crop by removing bottlenecks the undermine maize marketingRead MoreRight arrow
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Raise the zero-rated Pay As You Earn (PAYE) tax threshold from MK 35,000 to MK 100,000Read MoreRight arrow
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Multiply the current legume export value by five-fold plus, contributing towards domestic resource mobilisation driveRead MoreRight arrow
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Promote the use of structured markets to mobilize domestic resources to multiply commodity exports more than five foldRead MoreRight arrow
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Strengthen Government's Financial Management Systems and promote transparency and accountabilityRead MoreRight arrow

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