Malawi: Borrowing, rates set to rise

Malawi’s leading economic analysts say government’s domestic borrowing and interest rates are set to rise following the suspension and withholding of aid to Malawi by some of the country’s donors. The analysts, particularly those from Nico Asset Managers Limited and National Bank of Malawi (NBM), have also warned that the country’s economy - once a model of success less than two years ago - is on its way to a major slowdown as businesses pant under the weight of a hostile macroeconomic environment that denies them even the most basic of survival kits such as forex, fuel, water and electricity.