Economy

Real estate sector in Africa has been experimenting an impressive growth. On average, 10,000 accommodations miss each year in most of these countries, and despite some governmental endeavors, the shortfall is still important. According to several studies, African population is going to increase over threefold during the next 40 years. This demographic growth will inevitably go with a strong development...

The Government of Malawi is set to receive a grant worth €20 Million from the European Union (EU) in collaboration with Kreditanstalt fÜr Wiederaufbau (KfW). The grant will go into the Malawi-Mozambique interconnector project. This project will connect Malawi to the Southern African Power Pool (SAPP). This will help the country in solving electricity problems that it is facing currently. Malawi will...

President Peter Mutharika of Malawi is projecting a 6 percent economic growth in 2018. He credits his government for transforming the country’s economy into stability since he assumed office back in 2014. The president attributed his projection to a stable macroeconomic space despite donor funding warning. Talking to Zodiak television, the president was categorical that he had managed to increase import...

World Bank is renowned for being on the forefront in helping the African countries either financially of by advice on how to boost the economy. The bank either gives grants to the state at lower interest rates or they engage in supporting the community’s trough non-governmental organizations. On 22nd November 2017, the bank launched three main reports on Malawians economy at a ceremony that was held...

Most of the African countries are poor hence not in a position to finance their investments. Eventually, most citizens and governments believe that it’s only through Foreign Direct Investment (FDI) that African countries can grow. FDI comes with technical and organizational skills; it creates more employment opportunities to the locals. Besides, it pays taxes to the government hence helping the state...

Tourism is the backbone of the economic growth in most of the African countries. For the better growth of tourism, most of the factors must be put in place for the smooth running and working towards the achievement of the customer’s satisfaction to the maximum. Transport networks, hotels, and restaurants are just but few critical areas where a standard is required. Airbnb is an online marketplace and...

During the annual parliamentary, presidential address, President Peter Mutharika on his 47th session of parliament assured the members of parliament that the Malawian economy was on a steady rise citing the reduction in inflation and interest rates which shows signs of economic stability. The president talks about the 5.5% growth which has been realized within a spell of a shorter time. As expected the...