Overview and Opportunities

Wholesale and retail Trade in Malawi is the country’s second largest economic sector (after agriculture) contributing 12 percent of GDP.  Wholesale and retail trade is expected to grow by three percent in 2023 and 2024.  The sector relies heavily on imports from major trading partners, including South Africa, and China.  This sector is expanding and presents an opportunity for investors.  Sectoral credit data shows the sector is the second largest destination for private sector credit.  Malawi’s growing population, emerging middle class, and increase in urbanization present a readily available workforce and consumer base.  More opportunities exist for businesses such as supermarkets and chain stores for a range of goods and services.