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%
Inflation: 12.4%
Foreign Direct Investment (% of GDP): 1.4%
Unemployment Rate: 5.4 %
Capital: Lilongwe
Currency: Malawian kwacha
Languages: English
Malawi's Economy
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.”
Interesting Facts About Malawi
Lake Malawi is the third largest lake in Africa
Tobacco is considered as one of the country’s most income-generating local products, representing over 50% of total exports. Other products are tea, cotton, sugar, coffee, peanuts, and wooden products.
Malawi is bordered by 3 countries: Tanzania, Mozambique, and Gambia
Malawi is the continent’s second-largest tea producer after Kenya
Chambo is a delicious tasting fish that is only found in Lake Malawi
Public Holidays in Malawi
New Year’s Day
Independence Day
Good Friday
Easter Monday
May Day (Workers’ Day)
African Union Day
Republic Day
Eid Ul-Fitr
Founder’s Day
Eid Ul-Adha
Farmer’s Day
Christmas Day
Employment in Malawi
Work agreements are made in either oral or written formats in Malawi, though many employees prefer a written agreement that outlines all details about their salary, compensation, leaves, and termination information. At Africa HR Solutions, our dedicated experts ensure your HR outsourcing strategy is aligned with the local labour law and cultural policies. Our objective is also to help you craft an attractive compensation scheme to attract the best talent to your organisation in Malawi.
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