Malawi's tobacco sales up 55% in latest season: regulator

August 07, 2023 by reuters.com

Malawi's tobacco sales up 55% in latest season: regulator

Malawi's sales of tobacco, its biggest foreign exchange earner, increased to roughly $282 million in the latest season, up from $182 million a year earlier, its industry regulator said. Dwindling tobacco revenues in recent years have contributed to acute dollar shortages that have resulted in a lack of imported fuel, fertiliser and medicines in the donor-dependent southern African country. Malawi has turned to the International Monetary Fund for financial support and launched debt restructuring talks with creditors.

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6.00% of the adult population are current smokers. There are approximately 767,000 current smokers in Malawi 11.50% of men are current smokers but only 1.00% of women.
SOURCE: GSTHR

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