MAP MSME Malawi 2019 Survey Report

MAP MSME Malawi survey

The Government of Malawi (GoM) has been working towards the development of the Micro, Small and Medium Enterprises (MSME) sector. In a bid to boost economic growth, reduce poverty, and support decent job creation, the GoM has designated the private sector as an engine for the country’s economic growth and poverty alleviation. This is evident in all GoM economic policy documents, such as the Malawi Growth and Development Strategy (MGDS III) 2017-2022, the Micro, Small and Medium Enterprises (MSME) Policy 2019, the National Industrial Policy, the National Trade Policy, the National Export Strategy, and the National Employment and Labour Policy. It is also apparent in sectoral policies, such as the National Agricultural Policy, the Financial Sector Development Strategy and the National Financial Inclusion Strategy, amongst others. In 2019, in an attempt to spur access to finance for MSMEs, the GoM launched the Malawi Agriculture and Industrial Investment Corporation (MAIIC) as a development bank.