Economy
Summary of Performance
as of March 10, 2026Arranged in order of latest update
inprogress
inprogress23-February-2026
Contain Reserve Bank’s net lending to GovernmentRead More
inprogress
inprogress17-October-2025
Rationalize fiscal expenditure and stop implementation of non-budget activitiesRead More
inprogress
inprogress14-February-2026
Bring down inflation to single digits, the policy rate to not more than 12%, a stable exchange rate and an investor friendly tax regimeRead More
inprogress
inprogress02-February-2026
Adhere to the annual borrowing plan issued in conformity with the Medium-Term Debt StrategyRead More
inprogress
inprogress01-February-2026
Reverse all the negative exchange control regulations on Foreign Currency Dominated Accounts (FCDAs) belonging to Non-Governmental Organizations, Foreign missions and Malawians in Diaspora 6 monthsRead More
inprogress
inprogress11-November-2025
Ensure timely access to quality, affordable farm inputs for all farmers by improving supply chains, developing a fertilizer plant, and reforming the Farm Input Subsidy Program (FISP) to better support capable smallholder maize farmers to enhance sustainable food security in MalawiRead More
inprogress
inprogress09-December-2025
Maintain Electricity Generation Company (EGENCO) 441MW plants, and embark on new Hydro Power plants at Wovwe, Nyika, Mbongozi, Thyolo, Dwambazi, Chasombo and ChizumaRead More
not commenced
not commenced
Facilitate the revitalisation of Malawi’s international trade fairs, national agricultural fairs, regional trade fairs, and SME FairsRead More
not commenced
not commenced
Malawi’s missions abroad to include securing export markets and attracting foreign investors to Malawi in their performance targetsRead More
not commenced
not commenced
Facilitate the expansion of the export markets for Malawian goods and services through regional economic integration initiatives such SADC FTA, COMESA FTA and the African Continental Free Trade Area (AfCFTA), and multilateral trading system (World Trade Organization) and commodity agreementsRead More
not commenced
not commenced
Strengthen and reform the standards, quality assurance and metrology (SQAM) system to enable Malawi products break through the lucrative domestic and export markets whose standards and quality requirements are stringentRead More
not commenced
not commenced
Mobilise Malawians into savings and credit cooperatives (SACCOs) and facilitate the formation of Community Banks and a Cooperative Bank to increase access to finance and provide adequate capital to industries and SMEsRead More
not commenced
not commenced
Introduce tailor-made financial products in Government owned financial institutions such as Malawi Agriculture and Industrial Investment Corporation , Community Credit Fund and Export Development Fund to support investments by the working class and “missing middle” sector of the economyRead More
not commenced
not commenced
Create the Community Credit Fund (CCF) to increase financial inclusion and access to affordable finance to cater for SMEs and cooperative societiesRead More
not commenced
not commenced
Strengthen and expand the work of Development Finance Institutions (DFIs) such as Malawi Agricultural and Industrial Investment Corporation (MAIIC) and Export Development Fund (EDF) so that they fully support start-up and large scale business ventures and support exportsRead More
not commenced
not commenced
Reform the business environment and improve the macroeconomic fundamentals of the economyRead More
not commenced
not commenced
Establish a government-owned Holding Company to champion the setting up of companies in vital sectors such as agro-processing, mining, energy, pharmaceuticals and othersRead More
not commenced
not commenced
Revitalize the Malawi Investment Trade Center to attract bigger investors into Malawi and organize Takulandirani Tourism Expos initiated by the previous DPP GovernmentRead More
not commenced
not commenced
Revitalize the one-stop-service centre at the Malawi Investment and Trade Centre (MITC) which was established by the previous DPP Government and is now on its kneesRead More
not commenced
not commenced
Support domestic production of equipment and materials which are used in such important areas as laboratories, factories and farmsRead More
not commenced
not commenced
Establish industrial clusters on metal fabrication, wood products, electronics, garments and textiles, leather products, oil-seed products and others in townshipsRead More
not commenced
not commenced
Crown the establishment of Special Economic Zones (SEZs), complete with fully serviced industrial parks at Luwinga in Mzuzu, Magwero in Lilongwe, Chigumula and Matindi in Blantyre to promote production of export goods and substitute importsRead More
not commenced
not commenced
Revamp the industrial sector driven by a vibrant geoprocessing and mining sectors, supported by competitive services sectorsRead More
not commenced
not commenced
Create a supportive trade-related infrastructureRead More
not commenced
not commenced
Enact enabling laws, promote the use of ICT and innovation, skilled human resource in technical positions of ministries, departments and agencies who will implement progressive public policies that attract potential local and foreign investorsRead More
not commenced
not commenced
Develop and promote Mountain TourismRead More
not commenced
not commenced
Create a Special Tourism Integrated Development area in the Nankumba Peninsula and the Cape Maclear areaRead More
not commenced
not commenced
Create Tourism hubs in Nkhatabay, Likoma island, Salima and Mangochi inline with the Malawi National Tourism Investment MasterplanRead More
not commenced
not commenced
Ensure that locals benefit from Tourism through Community- First Investment Model and local business prioritisationRead More
not commenced
not commenced
Promote investment in Tourism to both local and foreign investors through Smart Taxation, Public –Private Partnerships (PPPs) and developing international markets for Malawi's handcrafts and cultural exposés, and review of visa systemRead More
not commenced
not commenced
Promote professionalism and incentivise job creation in the tourism sectorRead More
not commenced
not commenced
Make tourism accessible to Malawi residents by among others, establishing a subsidised tourism fund for students and low-income citizensRead More
not commenced
not commenced
Make Malawi a Tourism Hub for Africa and the World, through ‘Discover Malawi’ campaignsRead More
not commenced
not commenced
Transform Mangochi into a City; and Cape Maclear into a Tourist hubRead More
not commenced
not commenced
Upgrade Transmission system to at least 132 KVA as follows: Eastern Backbone, Western Backbone, Golomoti – Monkey Bay, Nkhotakota – Serengeti – Chinyama – Kanyika line, Lilongwe Loop, Mzimba – Dwangwa line, Phombeya –Liwonde, Kanyika – Chatoloma line, Nkula - Blantyre West– Phalombe – ZombaRead More
not commenced
not commenced
Embark on the Phombeya – Nacala Interconnector to facilitate sale of Malawi’s extra power to the northern part of MozambiqueRead More
not commenced
not commenced
Cut Electricity Supply Corporation Malawi(ESCOM) bureaucracy by re-establishing the Power Market Limited as Single Buyer to facilitate buying and selling of electricity in the country and beyondRead More
not commenced
not commenced
Embark on the Malawi – Tanzania Interconnector to trade power into the Eastern Africa Power PoolRead More
not commenced
not commenced
Intensify implementation of the Malawi Rural Electrification Program (MAREP) in order to increase access to electricity to people living in rural growth or trading centres as well as rural settlements and villagesRead More
not commenced
not commenced
Import 120MW through Interconnectors with Mozambique and Zambia, and use the same to sell our extra power to the Southern Africa Power PoolRead More
not commenced
not commenced
Facilitate Independent Power Producers to generate 100MW from Mzimba and Chitipa Wind plants; 41MW from Bongozi Hydropower plant; 100MW from Gas power plant; and over 200MW from solar in Nkhatabay, Rumphi, Karonga, Salima, Dedza, and MangochiRead More
not commenced
not commenced
Increase electricity generation to 1,500MW by implementing the following projects: the 300MW Kammwamba Coal-fired Power Plant; the 309MW Mpatamanga Hydropower Plant; the 261MW Fufu Hydropower Plant , the 190MW hydro power plant from SongweRead More
not commenced
not commenced
Increase investment in the energy sector and rationalize the energy mixRead More
not commenced
not commenced
Collaborate with, and create an enabling environment for Independent Power Producers (IPPs) to invest in the power industry using various sources of power generation such as hydro, solar, wind, geothermal, natural gas, coal and co-generation among othersRead More
not commenced
not commenced
Promote the use of electricity, LPG, efficient biomass stoves, biomass briquetting, and other alternative energy sources for cooking and heating, including promoting e-cooking in rural and urban areas by incentivizing cost reductions for appliances and LPGRead More
not commenced
not commenced
Promote production and use of bio-ethanol and biodiesel for blending, cooking and stand-alone use in vehicles but, of course, without threatening food securityRead More
not commenced
not commenced
Encourage and facilitate mining companies to generate their own electricityRead More
not commenced
not commenced
Decentralise electricity distribution function in the country by creating four entities – one in each region of North, Centre, East and SouthRead More
not commenced
not commenced
Improve postal and courier services by ensuring high security to prevent loss or pilferage of mail and parcels and their timely delivery; and also finalize the demarcation of the country for the postal addressing systemRead More
not commenced
not commenced
Enforce responsible land zoning to balance residential, commercial, agricultural and industrial needsRead More
not commenced
not commenced
Implement one-stop-border posts (OSBPs) at the remaining three border posts—Songwe–Kasumulu, Muloza–Milanje, and Chiponde–Mandimba—that currently lack infrastructure and have not yet migrated to OSBPs. Improve border post infrastructure and procedures for faster transit timesRead More
not commenced
not commenced
Ensure road maintenance at district level be the responsibility of the district using the expanded Constituency Development Fund (CDF)Read More
not commenced
not commenced
Decentralise the management of Toll-gates to the district and regional levelRead More
not commenced
not commenced
Continue construction of flyovers and interchanges to address congestion in the cities and business placesRead More
not commenced
not commenced
Establish a city transport system through the creation of a public liability company that will operate buses, with each route having its own colour coding and where taxi and minibus owners will have sharesRead More
not commenced
not commenced
Develop Tourism Support Infrastructure - specifically by upgrading to bitumen standards roads that lead to tourist facilities, introducing fast ferries on Lake Malawi, Ensure adequate electricity to tourist facilities, Operationalise the Malawi Tourism Authority and Promote ferry building in MalawiRead More
not commenced
not commenced
Expand road rehabilitation projects and construct a comprehensive network of roads across the country.Read More
not commenced
not commenced
Encourage the use of multimodal logistics solutions combining road, rail, and water transportRead More
not commenced
not commenced
Build a New International Airport in Mzuzu, and upgrade Karonga, Mangochi, and Salima AirportsRead More
not commenced
not commenced
Promote balanced growth and development across the country, and also decongest major citiesRead More
not commenced
not commenced
Expand and upgrade the Chileka and Kamuzu international airports and attract more airlines into Malawi's airportsRead More
not commenced
not commenced
Establish a transport system from Dar es Salaam and Mbamba Bay with Chilumba and Nkhata-bay (the Mtwara Transport Corridor)Read More
not commenced
not commenced
Encourage private sector investment in lake freight services to complement rail and road transportRead More
not commenced
not commenced
Reintroduce heavy equipment at the council level like farm tractors and caterpillars in all local councilsRead More
not commenced
not commenced
Invest in modern cargo vessels and port infrastructure upgrades at these lake ports and on Likoma IslandRead More
not commenced
not commenced
Develop a robust domestic maritime transport network connecting Makanjira, Monkey Bay, Chipoka, Nkhata Bay, Likoma, Chizumulu and ChilumbaRead More
not commenced
not commenced
Consider introducing passenger trains that pass along the M1 road from Blantyre to Lilongwe as well as passenger coach on existing railway from Nsanje to Mchinji via Liwonde, Salima and LilongweRead More
not commenced
not commenced
Build a railway line off TAZARA to Chirumba port on Lake MalawiRead More
not commenced
not commenced
Seek public-private partnerships (PPP) for sustainable financing and operation of the rail network and infrastructure restorationRead More
not commenced
not commenced
Strengthen railway links from Blantyre and Lilongwe to the existing railheadsRead More
not commenced
not commenced
Prioritise the rehabilitation of the Nacala and Sena railway corridors linking Malawi with the Mozambican coastRead More
not commenced
not commenced
Develop road infrastructure from Quelimane to Blantyre, offering an alternative and potentially faster import/export routeRead More
not commenced
not commenced
Encourage bilateral agreements with Mozambique to develop feeder vessel services between Quelimane and Beira/NacalaRead More
not commenced
not commenced
Modernize central bus terminals in the four major cities and two municipalitiesRead More
not commenced
not commenced
Continue to work on the Nsanje World Inland port through robust engagement in addressing the identified challengesRead More
not commenced
not commenced
Deliver on establishment of a dry port at Liwonde and another in Blantyre to consolidate cargo and streamline customs clearance for Nacala or Beira-bound cargoRead More
not commenced
not commenced
Invest in dedicated rail road infrastructure from Liwonde to Nacala , with priority maintenance and expansion projectsRead More
not commenced
not commenced
Ensure that there are satellite urban centers in each region with fully functional services like primary and secondary schools, markets, hospitals, administrative centers, value adding centers, police, water, electricity and upgraded all weather roadsRead More
not commenced
not commenced
Revise the startup ecosystem policy to allow regulatory sandboxes, enable blockchain and cryptocurrency experimentation, and promote local content monetization in the digital economyRead More
not commenced
not commenced
Establish a Cybersecurity Academy and build partnerships with the African Institute for Mathematical Sciences (AIMS), IBM, and Google for advanced technical trainingRead More
not commenced
not commenced
Roll out a National Artificial Intelligence and Digital Innovation Policy that aligns with the African Union Digital Transformation Strategy and UNESCO AI Ethics guidelinesRead More
not commenced
not commenced
Invest in a National Cloud Data Centre to host government data, support AI processing, and serve as the foundation for a future AI-powered digital stateRead More
not commenced
not commenced
Revive tele-centres to boost ICT access, training, and AI driven entrepreneurshipRead More
not commenced
not commenced
Reduce taxes on ICT equipment to make technology more affordableRead More
not commenced
not commenced
Create more than 150,000 digital jobs, and realise 5,000 tech-enabled small businessesRead More
not commenced
not commenced
Pilot smart infrastructure solutions such as AI-assisted traffic control, surveillance, and waste management in Lilongwe, Blantyre, and Mzuzu as part of the “Mzinda Wamzeru” (Smart City) initiativeRead More
not commenced
not commenced
Re-introduce Public works programRead More
not commenced
not commenced
Link graduates of community colleges and other skilled manpower into Small and Medium Enterprises, cooperatives and large enterprisesRead More
not commenced
not commenced
Recruit and retain more front-line workers and specialised agricultural staff at district and Extension Plan Area (EPA) A levelRead More
not commenced
not commenced
Creation of new industrial jobs, with 70% going to Malawian youthRead More
not commenced
not commenced
Facilitate value addition in some of the minerals to enable them fetch higher prices on the marketRead More
not commenced
not commenced
Implement a comprehensive diaspora engagement programRead More
not commenced
not commenced
Promote Trade, not AidRead More
not commenced
not commenced
Reforming the existing commodity exchanges for increased trade volumes, coverage, storage space and coordination among othersRead More
not commenced
not commenced
Enforce the requisite health, environment and safety standardsRead More
not commenced
not commenced
Increase the contribution of Mining to GDP from 9.37% to 15% in five years, through the creation of a supportive business environment that will induce inclusive industrial and private sector growth, export promotion and productive competitivenessRead More
not commenced
not commenced
Facilitate establishment of market for mineralsRead More
not commenced
not commenced
Formalize and regulate artisanal and small-scale mining while linking them to appropriate technologies and anchor mining firmsRead More
not commenced
not commenced
Ensure use of mineral resources mapping to develop high value mines through Public Private Partnerships (PPP) arrangementsRead More
not commenced
not commenced
Capitalize the Malawi Mining Investment Company (MAMICO) with not less than K500 billion to enable it promote the optimal development of the mining sector, manage the Government equity stakes in various mining ventures, and maximize national revenue and benefits from mining for MalawiRead More
not commenced
not commenced
Put in place the relevant governance and mining legal frameworks and develop the skills that can support high value minerals. The minerals shall be linked to high-end local production that will be key for high-value export and import substitution like steel manufacturingRead More
not commenced
not commenced
Ensure that geophysical surveys shall be undertaken regularly to target mineral exploration for rare earth minerals, precious and base metals and industrial mineralsRead More
not commenced
not commenced
Facilitate industrial and value-added mining of rare earth metals (tantalum, zircon and niobium) in Kanyika Hills, Songwe Hills, Makanjira, Kangankunde, ruby in Ntcheu, graphite in Malingunde and rutiles in Kasiya, sodalite and granite at Ilomba and the reopening of Kayelekera Uranium MineRead More
not commenced
not commenced
Increase the use of technology in livestock production and processing of livestock productsRead More
not commenced
not commenced
Establish regional hubs for transforming soy, wheat, rice, tea, ethanol, fish, meat, fruits and vegetables and macadamia into export-ready productsRead More
not commenced
not commenced
Continue with flagship programme of Rural Growth Centres, by finishing the ones started such as Nambuma, Chitekesa, Ntharire before introducing new centres in the remaining districtsRead More
not commenced
not commenced
Increase local production of cooking oil from Sunflower, soya beans and groundnutsRead More
not commenced
not commenced
Facilitating establishment of milk and other value adding processing plants in rural areasRead More
not commenced
not commenced
Strengthening breeding programmes for cattle, goats, sheep and chickens in government farms and promote community participation in livestock breeding and multiplicationRead More
not commenced
not commenced
Promoting pest and disease control programmes for all classes of livestockRead More
not commenced
not commenced
Facilitating pass-on programmes for cattle, goats and chickens amongst the poor smallholder farmersRead More
not commenced
not commenced
Promote fish farming among smallholder farmers, medium scale farmers and large estate farmers by constructing ponds and dams in rural areas as well as facilitating the availability of fish feedRead More
not commenced
not commenced
Promote contract farming, out-grower schemes, and other appropriate market-driven farming modelsRead More
not commenced
not commenced
Launch AI tools in agriculture, and provide half a million farmers with real-time insights on weather, market prices, and soil conditionsRead More
not commenced
not commenced
Facilitate and support the establishment of anchor farms, cooperative and village grain banksRead More
not commenced
not commenced
Facilitate the production of low-cost and small-scale farm machinery for farmers largely through public-private partnerships (PPP)Read More
not commenced
not commenced
Provide fiscal incentives for the importation of high value irrigation equipment, especially targeting land preparation, irrigation, weed control, transportation, pests and disease control, harvesting and post-harvest processingRead More
not commenced
not commenced
Ensure that the Malawi Strategic Grain Reserves has stock of not less than 150,000 metric tonnes at any given point in timeRead More
not commenced
not commenced
Deliberately invest in farmgate factories which will grow into value addition centres as we advance the import substitution and export driveRead More
not commenced
not commenced
Reform Agriculture Development and Marketing Corporation (ADMARC) into a fully functional commercial entity with both local and international market linkagesRead More
not commenced
not commenced
Attract private investments into 60,000 hectares for Industrial farms by 2030Read More
not commenced
not commenced
Establish 2 government owned model Industrial Farms of 12,500 hectares each, comprising 16,000 hectares for food security and 9,000 hectares of high value plantationsRead More
not commenced
not commenced
Promote irrigation farming through matching grants and preferential financing from the government for groups of smallholder farmers and credit facility for medium to large estate farmers. Increase land under irrigation from 116,000 hectares in 2025 to 147,000 hectares in 2030Read More
not commenced
not commenced
Provide fiscal incentives for the production of high value non-traditional crops such as industrial hemp, flowers, horticulture, cereals (especially rice and wheat), legumes, cotton, macadamia, pulses and livestock products defined under National Export Strategy II (NES II)Read More
not commenced
not commenced
Promote bio-fortified sorghum and pearl millet paired with conservation agriculture, stress tolerant crop varieties, in the Lower Shire ValleyRead More
not commenced
not commenced
Establish a farm credit financing facility for cooperatives, medium/emerging farmers and large estate farmers to be managed by commercial banksRead More
not commenced
not commenced
Promote agricultural productivity and commercialization efforts of women ensuring that women have equal access to resources, land, markets, and technologies to enhance their participation in agricultural developmentRead More
not commenced
not commenced
Prioritize contracting of concessional loans, against commercial loansRead More
not commenced
not commenced
Increase budgetary allocation for agriculture and irrigation development, and increase the land under commercial agriculture from the current 20% to 40% by 2030Read More
not commenced
not commenced
Focusing on small ruminants (akalulu, mbira, aquaculture, chickens and production of eggs) to curb the effects of climate change on food production in rural areasRead More
not commenced
not commenced
Review the Extension PolicyRead More
not commenced
not commenced
Strengthen research extension-farmer linkages for increased adoption of agricultural technologies for various agricultural and aquatic value chainsRead More
not commenced
not commenced
Regularly and continuously train both frontline extension staff and farmersRead More
not commenced
not commenced
Support prisons grow their own food and sell the surplusRead More
not commenced
not commenced
Set up special agricultural commodities markets, fully equipped with refrigeration equipment and storage facilities for perishable produceRead More
not commenced
not commenced
Attain a positive primary balance of the central government of at least MK 270 Billion (1% of GDP) by end of the first year, 2026Read More
not commenced
not commenced
Grow the economy by an average of 6%Read More
not commenced
not commenced
Encourage the ploughing back of local revenues for local investment through settlement of all land rates and fees to councilsRead More
not commenced
not commenced
Develop a new Medium-Term Debt Strategy 2025-2030Read More
not commenced
not commenced
Borrow only for productive purposes and not for consumptionRead More
not commenced
not commenced
Government will not enter into any contractual obligations for new external public and publicly guaranteed (PPG) non-concessional debt for at least two years until a review has been conductedRead More
not commenced
not commenced
Invest MK6.35 trillion in power generation, mining, infrastructure, agriculture, import substitution, export production, and tourism using savings from fiscal consolidation and stabilisation measuresRead More
not commenced
not commenced
Negotiate and restructure debts for sustainable settlementRead More
not commenced
not commenced
Decelerate broad money growth from 17.9 % in 2025 to 10 % in 2028Read More
not commenced
not commenced
Slow down reserve money growth from 26% at the beginning of 2025 to 10% at the end of 2028Read More
not commenced
not commenced
Set the monetary policy rate at a level consistent with positive real interest rates to tame inflation.Read More
not commenced
not commenced
Reverse exchange control regulations on mandatory conversion of export receipts within 6 monthsRead More
not commenced
not commenced
Reverse the decision by the current administration to transfer Foreign Currency Dominated Accounts (FCDAs) from Commercial Banks to the Reserve Bank of Malawi (RBM) within 6 monthsRead More
not commenced
not commenced
Reintroduce US$500 million Government guaranteed revolving Letters of Credit (L/C) facilities between the Reserve Bank of Malawi (RBM) and some regional banks for financing of Malawi’s strategic imports (fuel, fertilizer, medicines) within 6 monthsRead More
not commenced
not commenced
Enter into Ten-year US$1.5 – US$2.0 Billion financial arrangements with regional and international financial institutions to support the official foreign reserve position of the country within 6 monthsRead More
not commenced
not commenced
"Work with the International Monetary Fund (IMF) to craft an Extended Credit Facility (ECF) programme that takes into account Malawi’s peculiar and unique realities within 6 months"Read More
not commenced
not commenced
"Implement strict Commitment Controls under the Integrated Financial Management Information System (IFMIS) to contain creation of arrears and eliminate guarantees by Ministries, Departments and Agencies (MDAs)"Read More
not commenced
not commenced
Review VAT exemptions on motor vehicles for public officers with a view to eliminating the unnecessary onesRead More
not commenced
not commenced
Rationalize the operational costs of ParliamentRead More
inprogress
inprogress23-October-2025
Increase manufactured exports and reduce raw mineral exportsRead More
inprogress
inprogress30-December-2025
Develop and implement a Domestic Revenue Mobilization Strategy (DRMS) to increase revenue by 5% points of GDP by 2030 through widening of the tax base, improving tax compliance, improving the perception of the tax system, strengthening institutional capacity for revenue mobilizationRead More
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