Malawi has been ranked among top three countries in Africa with the capacity to pursue her development agenda, the African Capacity Building Foundation (ACBF) reports.
Out of 48 countries, Malawi was ranked position three as one of the countries with excellent performance in three indicator clusters: policy environment for capacity development, processes for implementation, and development results at country level.
The African Capacity Report 2019 report however notes that like other countries in Africa, Malawi faces challenges in achieving capacity development outcomes.
This is because of the country’s landlocked status and income level (from low-income to upper middle-income).
According to ACBF executive secretary Emmanuel Nnadozie the private sector is also a powerful engine of growth, but it needs more support from African governments to overcome the challenges that block the emergence of transformative business leadership.
“The principles of good corporate governance should be followed in a manner that does not disadvantage any class of corporate actor or create trade barriers,” he said.