Economist Intelligent Unit (EIU) has forecasted a depreciated Malawi Kwacha registering at 9% by the end of 2019. In reference to this was Nico Asset Managers’ Annual Report of 2018.
However, this goes against the Reserve Bank of Malawi’s prediction for a stable Kwacha, while aiming at an inflation rate of 5% in 2021.
Since Malawi’s own central bank can best evaluate and forecast about the economy, it is best to keep watch of how the Malawi Kwacha fares in the the first quarter of 2019. Meanwhile RBM’s confidence is on the increased production and sales of Malawi’s cash crops and increased power supply efforts by Escom and Egenco.