Reserve Bank of Malawi warns against over dependence on agriculture

A top central bank official says the country’s over dependence on agriculture has negatively affected the economic growth.

Kabambe: Invest in other sectors

Reserve Bank of Malawi governor Dalitso Kabambe says the country’s per capita has remained stagnant because of over reliance on agriculture.

“If the agriculture sector is hit, all sectors will shrink which is not a very good situation,” he said.

He said the country needs to diversify its investment priorities such as investing in tourism, mining, manufacturing.

Statistics show that the GDP per capita only accounts to four per cent of the world’s average.

Kabambe warned that if the country fails to invest in other sectors, it will lose out its economic gains.

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Jemusi
Jemusi
1 year ago

Bwana governor, we started hearing this story or statement more than 30 years ago.

Nasingwe
Nasingwe
1 year ago

migodi, any tangible project that could be making money here in mw all would will and is going into pitala and his string pockets
mgodi ku
mwanza
kayerekerera
nkhoma
phalombe
miyala ku dzalanyama ikupitabe ku CANADA ,Australia as samples
zoooooonaaaa???????
mxii zitsilu . inu ku khotiko mind the step musawaikile kumbuyo apo biii ,mob

Romweli Phiri Advice

#REBASE the kwacha now just like the ex BOZ Governor – GONDWE did in Zambia.Then it will be cheaper to import machines for industrialisation.Otherwise with this weak kwacha nothing will change.

joseph
joseph
1 year ago

AMALAWI MWINA SIMUKUDZIWA DZIWANI IZI LERO:CHONDE WERENGANI MUKHALE NDICHITHUZITHUZI PANKHANI YA POPULATION CONTROL.NICK CONGRATULATIONS YOU HAVE REMINDED ME A VERY IMPORTANT ISSUE POPULATION CONTROL MAIKO ONSE AMENE anthu AKUMAPITA KAPENA TI MANENA KUTI CHINA,SINGAPOLO MALASYA ANAKWERA MUMADZUWA KUTI CHINA CHOMWE ADACHITA NDI POPULATION CONTROL.POPULATION VERSUS DEVELOPMENT OR RESOURCES NDI PAMENE TIKUYENERA KUGANIZIRAPO MWAKUYA A MALAW. VUTO LAMALAWI NDI SMALL TERRITORY BUT LARGE POPULATION KAWERENGENI BUKU LA ANNA HISTORY OF NYASALAND AND RHODESIA(1891 to 1953).VUTO LA NYASALAND AMATI OVERPOPULATION BUT SMALL TERRITORY.VUTOLI PALIBE AKULIGANIZIRA.NGAKHALE ZIPANI ZONSE ZIDALEPHERA KUFOTOKOZA MMANIFESO ZAWO ANGATSUTSE NDANI.PALIBE MANIFESO YOMWE NDINAIONA IKUNENA MFUNDO ZA KUPSA PA NKHANIYI.… Read more »

Justice Usiwa
Justice Usiwa
1 year ago

Kabambe.You need to talk to politicians there is a lot of dilly Daleying in Malawi. All are stealing ,the have no plans for the citizens. Oil drilling not yet up to Now.Uganda came behind Malawi on discovery but Uganda already exports crude.Malawi started industrial hemp but up to now Parliament can no approve. Politians just want The country to come to stand still.Chilima looks very visionary on Malawi issues. Not these thievery icons.

joseph
joseph
1 year ago

INDIA INVESTED IN RAIL TRANSPORT TO FACILITATE TRANSPORTATION OF GOODS INCLUDING FARM PRODUCE. ROAD INFRUSTRUCTURE SHOULD BE PRIOTIZED TO AREAS WHERE THERE IS ECONOMIC ACTIVITIES.FOR EXAMPLE,NKHOTAKOTA ROAD TO DWAGWA OR DWANGWA TO SALIMA.HUNDREDS OF TRUCKS FROM DWANGWA USE THIS ROAD.WHAT IT MEANS THIS IS AN ECONOMIC ROAD THAT SHOULD HAVE BEEN PRIOTIZED TO STATE OF ART ROAD NOT OTHER TARMAC ROAD THAT HAVE BEEN CONSTRUCTED SOMEWHERE ARE JUST WHITE ELEPHANTS NO ECONOMIC VALUE.MSEWU WOTI MUNTHU ANTHA KEDYERAPO NSIMA NDIGALIMOTO IMODZI YOMWE OSADUTSA.

joseph
joseph
1 year ago

CHINA INAKWERERA ULIMI OMWEWO.KAWERENGENI MBIRI YA CHINA INE NDILI NYO KUYAMBIRA BC AD MPAKA 2019 NDIULIMI OMWEWO MUKUTI TISAMAUDALIRE OMWE UDAKWEZA DZIKO.NKHALANI SERIOUS AKULU.YOU ARE TALKING TO THE NATION.THERE ARE PEOPLE IN THIS COUNTRY WHO CAN DEVELOP THIS COUNTRY BUT HAVE NO CHANCE.THIS IS THE PROBLEM WITH OUR COUNTRY.USE THE TALENT THAT WE HAVE MALAWI WILL DEVELOP KOMA ZOMASANKHANA POGWIRA NTHITO SIZIDZAPINDULIRA WINA ALIYENSE NGAKHALE ENA MUKUPINDULA ZA INU NOKHA LERO KOMA ZIDZUKULU ZA ZIDZUKULU ZANU ZIDZAKUSEKANI MTSOGOLO.

joseph
joseph
1 year ago

Tangochtani invest in agriculture ndi MK500 Billion komanso road infrastructure komwe anthu amalima muone ngati Dzikoli silingakwere.Tachitani invest in solar energy ndi Mk100 billion muone ngati vuto la Magetsi silitha.Pitani pa morocco mukaone solar investment anthu a serious osati oyesa kapena tima investment tomakonzekera kachisankho short term we need longterm plans for 50 years or so.BWANJI MALAWI ADZAKUTUKULE NDANI

Shonai
1 year ago

Signal from IMF.What are the maphia analysts comments.Kuli ziii no comments.That is typical Malawi.Zikungowabowa.Bravo Peter.Carry own.Leave the Mbuli behind.

Makape
Makape
1 year ago

Blah blah blah !!!!! what is needed is leadership and mindset overhaul!

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