Malawi, officially the Republic of Malawi, is a landlocked country in southeast Africa that was formerly known as Nyasaland. Malawi is among the world's least-developed and most-densely populated countries. Around 85% of the population live in rural areas. The economy is based on agriculture, and 41% of GDP and 90% of export revenues come from this. In 2006, in response to disastrously low agricultural harvests, Malawi, through an initiative by the late President Bingu Mutharika, an economist by profession, began a program of fertilizer subsidies that were designed to re-energize the land and boost crop production. It has been reported that this program, championed by the country's president, is radically improving Malawi's agriculture, and causing Malawi to become a net exporter of food to nearby countries.[1] Economic grievances though took a downward slide during Mutharikas second term. Economic grivences was a catalyst that resulted in the 2011 economic protests in Malawi in July.
Notable firms edit
This list includes notable companies with primary headquarters located in the country. The industry and sector follow the Industry Classification Benchmark framework. Organizations which have ceased operations are included and noted as defunct.
| Name | Industry | Sector | Headquarters | Founded | Notes |
|---|---|---|---|---|---|
| Agricultural Development and Marketing Corporation (ADMARC) | Consumer goods | Farming & fishing | Limbe[2] | 1971 | State-owned agricultural entity |
| Air Malawi | Consumer Services | Airlines | Lilongwe | 1964 | Airline, defunct 2013 |
| Britam | Insurance | Full line insurance | Blantyre | 1959 | Insurance |
| Capital Radio Malawi | Consumer services | Broadcasting & entertainment | Lilongwe | 1999 | Radio |
| CDH Investment Bank | Financials | Banks | Blantyre | 1998 | Bank |
| Electricity Supply Commission of Malawi | Utilities | Conventional electricity | Blantyre | 1998 | State-owned power |
| FDH Bank | Financials | Banks | Blantyre | 2008 | Bank |
| First Merchant Bank | Financials | Banks | Blantyre | 1995 | Bank |
| Indebank | Financials | Banks | Blantyre | 1972 | Bank |
| Kentam Products Limited | Health care | Pharmaceuticals | Mzuzu[3] | 1998 | Pharma |
| Malawian Airlines | Consumer Services | Airlines | Lilongwe | 2013 | State majority owned airline |
| Malawi Broadcasting Corporation | Consumer services | Broadcasting & entertainment | Blantyre | 1964 | State-run radio |
| Malawi Posts Corporation (MPC) | Industrials | Delivery services | Blantyre[4] | 1998[5] | Postal service |
| Malawi Savings Bank | Financials | Banks | Blantyre | 2009 | Defunct 2015 |
| Malawi Stock Exchange | Financials | Investment services | Blantyre | 1996 | Exchange |
| National Bank of Malawi | Financials | Banks | Blantyre | 1971 | Bank |
| NICO Holdings | Financials | Full line insurance | Blantyre | 1971 | Insurance |
| NBS Bank | Financials | Banks | Blantyre | 1964 | Bank |
| Reserve Bank of Malawi | Financials | Banks | Lilongwe | 1698 | Bank |
| Swift Air Malawi | Consumer Services | Airlines | Lilongwe | 2009 | Airline, defunct 2012 |
| Telekom Networks Malawi | Telecommunications | Fixed line telecommunications | Blantyre | 1995 | Telecom
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See also edit
References edit
- ^ Dugger, Celia W. (December 2, 2007). "Ending Famine, Simply by Ignoring the multilateral organisation 'Experts'". New York Times. Retrieved 2008-08-05.
- ^ Corporate Profile
- ^ Kentam Products Limited » Contact Us
- ^ Malawi Posts Corporation (MPC)
- ^ OECD; African Development Bank; United Nations Economic Commission for Africa (4 December 2009). African Economic Outlook 2009 Country Notes: Volumes 1 and 2: Country Notes: Volumes 1 and 2. OECD Publishing. pp. 402–. ISBN 978-92-64-07618-1.