Malawi’s economy expanded at a slightly disappointing 4% in 2018 but the country’s central bank predicts it will surge by up to 7% annually during the next few years, on the back of improved electricity generation, better irrigation infrastructure and greater access to finance.
The small, landlocked south-eastern African country – with an estimated population of 20.3 million – is the world’s third poorest nation, with a total gross domestic product (GDP) of only $7.3bn, according to the International Monetary Fund (IMF). Average income is just K278,000 ($384) a year.
