Reforms in Malawi’s business sector are working and the World Bank has given its seal of approval rating the country 23 steps up from 133 to 110, World Bank Doing Business 2018 Report has revealed.

With regional average at 50.43, Malawi is only beaten by Rwanda (40), Kenya (80) and Namibia (106) while its neighbour Mozambique is coming at the distant fifth in the region at 138. Administration of President Peter Mutharika has focused on economic, business and public sectors reforms since assuming office in 2014 and the rankings can give confidence to prospective investors to invest in Malawi, where opportunities are abundant. Among the four reforms making it easier to do business over the course of last year in the areas of dealing with construction permits, getting credit, Trading across borders, and resolving insolvency.

‘Malawi therefore features as one of the 10 economies showing the most notable improvement in Doing Business 2018. In the sub-Saharan region, it is joined by Djibouti, Nigeria and Zambia,” reads the report in part.

On the distance to frontier metric, according to the report, Malawi's score went from 52.61 in Doing Business 2017 to 58.94 in Doing Business 2018, using a comparable methodology.

This increase of 6.33 points which represents an increase that was the highest in the Sub-Saharan region means that in the last year Malawi has improved its business regulations as captured by the Doing Business indicators in absolute terms.

The development means that the country is narrowing the gap with the global regulatory frontier. Malawi is also one of the four economies in Sub-Saharan Africa rank in the top 10 in Getting Credit (with an average rank of 115). Zambia ranks 2, just after New Zealand, and Rwanda, Malawi and Nigeria all rank 6.

Malawi, christened as “The Warm Heart of Africa” offers opportunities in Tourism, Mining. Agro-processing, Manufacturing and infrastructure development. For more details visit www.mitc.mw or if in Europe call +44 (0) 2074216010 or email: This email address is being protected from spambots. You need JavaScript enabled to view it. .