Botswana I Ethopia I The Gambia I Ghana I Kenya I Malawi I Mauritius I Namibia I Nigeria I Senegal I South Africa I Swaziland I Tanzania I Togo I Uganda I Zambia I Zimbabwe Malawi is one of the world’s poorest countries and was one of the few African economies to contract in 2005, with GDP falling 3%. The agricultural sector has been hit by drought in both 2005 and 2006 and with agricultural products representing 80% of exports and 36% of GDP, the country’s performance has inevitably taken a turn for the worse.
First Merchant Bank, popularly known as FMB, was the first private-sector commercial bank licensed in Malawi in 1994 and has grown rapidly to become the country’s third-largest bank, with nine branches.
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