When you delve into any serious analysis of Malawi, it typically emphasizes the nation’s agro-based economy, with tobacco as its primary export. Yet, this narrative had become more myth than reality under previous regimes that neglected the agricultural sector, particularly the tobacco industry. Enter the Chakwera administration, which has orchestrated a remarkable turnaround. The latest reports bring splendid news: Malawi has amassed nearly $144 million from just six weeks of tobacco sales.
This figure translates to an impressive K259 billion Malawi kwacha, a significant $59 million increase from the $85 million recorded during the same period last year.
Tobacco Commission’s public relations officer, Telephorus Chigwenembe, expressed enthusiasm over the substantial progress. The average price of tobacco has climbed by 7%, from $2.57 in week one to $2.74 by week five. Under Chakwera’s leadership, tobacco farmers are evidently enjoying unprecedented financial success, smiling all the way to the bank.
