Malawi has moved at least 23 places up on the sub-Saharan Doing Business Index, the World Bank has disclosed.
According to the latest Doing Business report for 2018 Malawi has moved from position 133 to 110.
The country’s improved performance is being attributed to a number of reforms which have been made in the trade, finance and industry sectors.
Some of the notable areas of reform that have earned the country the improved performance are construction permits, Getting credit, Trading across borders, and Resolving insolvency.
This puts Malawi amongst the ten African countries that have made significant improvements in factors of doing business looking ahead to 2018.
The improvement however comes amid a brewing controversy of power supply which is also critical in doing business as energy is vital in almost all business operations.
The business industry is still grappling with power challenges which have seen captains of industry calling for urgent solutions.