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Randization of Malawian Economy through South African Diaspora could be the rescue of Malawian forex shortage

Phiri Kampanje, Brian (2022): Randization of Malawian Economy through South African Diaspora could be the rescue of Malawian forex shortage.

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Abstract

There is a long established history of migration of Malawians to South Africa to look for jobs and other economic opportunities dating back to precolonial era. The remittances from South Africa have been quite substantial and have uplifted livelihood of thousands of Malawians. The said remittances currently accounts to more than eighty percent of the annual inflows in that category yet there appears to be no concrete strategy to enhance the trade between Malawi and South Africa on the strength of those revenue streams in areas such as importation of official government vehicles, durable and original products, arrange for structured and trade finance based on the needs of Malawi while promoting indigenous traders to provide more goods and services to Government of Malawi. Malawi can be freed of USD obsession.

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