Surrounded by Tanzania, Mozambique, and South Africa, Malawi is a landlocked economy that thrives on agriculture, tobacco, manufacturing, and service sectors. According to African Development Bank, growth is forecast to grow to 6.2% in 2022 with an uptick in tourism, agriculture, exports, foreign direct investments, and public investments in infrastructure.
At Africa HR Solutions, our experts are here to help you find the right employment outsourcing strategy when moving to Malawi. As your Malawi HR outsourcing partner, we offer comprehensive HR-related solutions, ranging from Professional Employer Organisation (PEO), Employer of Record, payroll and other ancillary services, to help you expand to the country even if you do not hold a legal entity in Malawi yet.
Country Profile - Malawi
Population: 18.1 mn
Gross Domestic Product (GDP): $11.96 bn
GDP Growth: 3.5%
Foreign Direct Investment (% of GDP): 1.4%
Unemployment Rate: 5.4 %
Currency: Malawian kwacha
Malawi is relative a peaceful country, landlocked and sharing borders/trade routes with Mozambique, Tanzania, and South Africa. The country relies on agriculture, manufacturing, and service industries. Malawi is a member of the Southern African Development Community (SADC) and focuses on trading with other African economies. According to the draft Country Partnership Framework (FY21-25), guided by the government, it focuses on “three areas of bolstering foundations for growth and accountability, promoting private sector-led jobs, and strengthening human capital development, with digital development and women empowerment as cross-cutting themes.”
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