Malawi is taking significant strides to rejuvenate its agricultural sector, with a particular focus on reviving the banana industry. This initiative, spearheaded by the National Bank of Malawi (NBM) and the Centre for Agriculture Transformation (CAT), aims to reduce the country’s reliance on banana imports, which currently cost around $12 million annually.
The partnership between NBM and CAT involves a K90 million ($110,000) investment to introduce new, resilient banana varieties to local farmers. The goal is to empower farmers with the tools and knowledge they need to boost productivity and income.
“This partnership with CAT will not only help revive the struggling banana industry but will also reduce our reliance on imports, which puts pressure on our economy,” said Harold Jiya, CEO of NBM.
CAT will provide technical support to farmers, establishing demonstration plots and offering guidance on cultivation techniques. This will help address challenges such as the Banana Bunchy Top Virus, which has previously devastated local plantations.
The initiative aligns with the Malawi 2063 blueprint, which prioritizes agricultural modernization and local food production. By reviving the banana industry, Malawi aims to increase exports, reduce imports, and stimulate economic growth.
In addition to the banana initiative, the Greenbelt Authority (GBA) is making significant progress in improving irrigation systems. The first phase of the Mlambe Irrigation Scheme rehabilitation, covering 48 hectares, has already yielded results, with farmers harvesting early-variety TK 8023 bananas. This project aims to diversify crop production and increase agricultural output, particularly high-value crops like chilies.
By combining financial support, technical expertise, and infrastructure development, Malawi is taking a comprehensive approach to revitalize its agricultural sector. This initiative holds the potential to transform the country’s economy and improve the livelihoods of its people.