Malawi Geography, Economy, and Culture

Malawi, formerly Nyasaland, is a landlocked African nation with an estimated population of approximately 18 million primarily rural people with its capital in Lilongwe. After colonization by the British, it became an independent country in the 1960s. As one of the world’s least developed countries, Malawi’s economy is dependent on agriculture and the country’s government relies heavily on foreign aid to meet its development needs, especially in the areas of HIV/AIDS and maternal and infant mortality.

Malawi’s ethnic groups include Chewa, Lomwe, Yao, Ngoni, Tumbuka, Sena, Mang’anja, Tonga, Nyanja, and Nkhonde. The official language is English with Chichewa commonly spoken with Christianity and Islam being the major religions practiced.

2021
April 2Good Friday
April 3Easter Saturday
April 5Easter Monday
May 1May Day
May 3Day off for May Day
May 13Eid al-Fitr
May 14Kamuzu Day
July 6Independence Day
October 15Mother’s Day
December 25Christmas Day
December 26Boxing Day
December 27Day off for Christmas Day
December 28Day off for Boxing Day
  • Limited Liability
  • Corporation
  • Partnership
  • Corporate Tax: N/A
  • Income Tax (Lowest Marginal Rate): N/A
  • Income Tax (Highest Marginal Rate): N/A
  • VAT/GST/Sales Tax: N/A
  • National Bank of Malawi (Commercial Bank)
  • Standard Bank Malawi (Commercial Bank)
  • NBS Bank (Commercial Bank)
  • First Merchant Bank (Commercial Bank)
  • Nedbank (Commercial Bank)
  • Ecobank (Commercial Bank)
  • FDH Bank (Commercial Bank)
  • CDH Investment Bank (Commercial Bank)
  • New Finance Bank (Commercial Bank)
  • Leasing and Finance Company (Commercial Bank)
  • National Bank of Malawi (Commercial Bank)
  • Indebank (Commercial Bank)
  • NBS Bank (Commercial Bank)
  • Reserve Bank of Malawi (Commercial Bank)
  • Nedbank (Commercial Bank)
  • Standard Bank Malawi (Commercial Bank)
  • Malawi Savings Bank (Commercial Bank)
  • Continental Discount House (Commercial Bank)
  • Ecobank (Commercial Bank)
  • First Merchant Bank (Commercial Bank)
  • FDH Bank (Commercial Bank)
  • Opportunity International Bank Malawi (Commercial Bank)
  • First Discount House Limited (Commercial Bank)
  • International Commercial Bank (Commercial Bank)
  • National Finance Company (Commercial Bank)

Aadmi can support you with your expansion to Malawi. Our team of experts in country manage every aspect of your expansion from incorporation, accounting, legal, and even administrative concerns.  Matched with Global People Strategist’s powerful labor compliance software, your company is in good hands.

Contact us today for more information about how your company can benefit from using Aadmi as your global expansion partner.

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