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.
7.20% of the adult population are current smokers. There are approximately 751,519 current smokers in Malawi 13.10% of men are current smokers but only 1.60% of women.
SOURCE: GSTHR
