The struggling sector of Manufacturing is set to improve this year, as the Malawi Confederation of Chambers of Commerce and Industry (MCCCI) has projected a 4.6% growth in 2019.

In 2018, the sector slowly grew at 3.6%, to which Reserve Bank of Malawi predicted a drop to 3.5% this year, citing that in the medium term, finalisation of the Malawi-Mozambique power interconnection project will translate to a marginal growth in the sector, as other factors towards improvement remained uncertain.

However MCCCI, in its 2019 First Quarterly Economic Review, says has attributed its prediction to a stable power supply and the reduction in lending rates. The manufacturing sector has not been doing well, citing power outages and poor harvests.