Mission Malawi: What Now? How is Malawi Developing For The Future?
In our third Mission Malawi article, we at Pangea Resourcing provide insight into the potential solutions and investment opportunities available throughout the nation. Through the right investment and infrastructure, management and guidance, the opportunity to transform the economic landscape of the nation is substantial.
Having looked at many of the challenges faced by the nation of Malawi in our past article, it’s clear to even the layman that developing for the future is no mean feat. After all, with the land-locked nation relying almost solely on the volatile agricultural sector to keep its economy afloat, the country also faces political and regulatory issues that so often blight the development of African nations. Throw into the mix a level of corruption and lack of skilled labour, and the potential of the region could well go unappreciated.
But Malawi shouldn’t be viewed as all doom and gloom. Far from it. In fact, with its current situation, the nation almost represents a blank canvas of opportunity, with market sectors ripe for fruition and waiting for investment. Yes, there are issues to be solved, but that doesn’t mean that Malawi doesn’t present a viable option for future investment and continued growth. After all, Rome wasn’t built in a day...
Issues to be solved
Our previous article looked at some of the major issues that need to be overcome. From poverty to healthcare, education to the lack of infrastructure, there are plenty of developmental needs that must be addressed for the benefit of the economy. Of course, some issues run deeper than others, while such problems as administrative failures and corruption of governmental departments often afflict those nations that are playing catch up. Through outside investment, enhanced education, and the support and training necessary to improve conditions and facilities, Malawi will undoubtedly find itself in a far more preferable position.
Notable investment opportunities
Such is the impoverished nature of Malawi, there is no shortage of opportunities in which to invest. From pharmaceuticals to telecommunications, agricultural machinery to transportation, there is plenty for savvy investors to benefit from. And the need throughout the nation is striking.
The Energy and Natural Resources Industry, for example, is one market sector that is crying out for investment. In fact, Malawi’s Integrated Resource Plan aims to ensure that 30% of the population has access by 2030. At present, just 11% of the 18 million population enjoys access - and not particularly stable access - to electricity. Through advancements in hydro, solar, wind, and coal energy technology, helping to support the growth and ambitions of the Malawian people is a clear opportunity.
Like most developing nations, overcoming the challenges presented by incumbent governments and political factions is never easy. In fact, with corruption often rife and the agenda for industrial growth often selected by the few for their own benefit, helping transform a nation into a modern environment is often halted at the first stage.
In Malawi, the political landscape is no less complex. The recent re-election of President Peter Mutharika has been beset by controversy, with the incumbent leader having to face a court battle over voting irregularities. Not only that, but rumours regarding high-level corruption shrouded his presidency, despite Mutharika eventually being cleared by national watchdogs. The ongoing conflict over the election on May 21, however, will continue to impact the country, as calls for Mutharika to step down and protests and arrests throughout the nation show no sign of abating.
Trans-African Highway Network
One of Africa’s largest transportation and infrastructure developments of all time, the Trans-African Highway Network has been helping improve links across the continent through the development of nine highways covering nearly 60,000 kilometres. The benefits for cross-border trading are obvious - 41 major cities in the sub-Saharan region being connected by improved infrastructure means faster and more frequent trade. Malawi, while not part of the Trans-African Highway Network, has paved highways that connect to it, giving the country opportunities to benefit from it.