The World Bank signaled its approval for recent reforms in Ethiopia with $1 billion in budgetary aid that will be disbursed over the next four months.
Small-to-medium enterprises in Malawi have formed a new group aimed at boosting exports, called SME-4X. SMEs account for a large part of the business community in Malawi, however, most only sell their products locally, at low prices, making it difficult for them to grow.
The Malawi government and economists are encouraging consumers to buy and use locally made products to support the crumbling economy and the country's depreciating currency.
“Harambee,” a Swahili word that literally means “pulling together,” has become a powerful strategy taken up by emerging Malawian entrepreneurs.