As the tobacco marketing season draws to a closer, Malawi has so far sold about 223 million kgs of the gold leaf out of the projected 225 million. Tobacco Control Commission (TCC) says from the sales, the country’s main forex exchange earner has fetched around US$276 million (about 4.7 billion Malawi Kwacha) translating into a […]
Forex continues to elude Malawi’s economy as information shows a 40 percent sales downfall from top foreign exchange earner, tobacco. Latest information and figures from the industry’s regulator, Tobacco Control Commission (TCC) acknowledges that the country’s economy is indeed relying on a dying giant. TCC says as of October, tobacco earnings has so far only […]