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AICC concerned over declining cotton industry in Malawi
23 Sep '17
1 min read
The African Institute for Corporate Citizenship (AICC) has called for government support and private sector intervention for Malawi’s declining cotton industry that has witnessed low production levels despite ranking fourth among the country’s foreign exchange earners. Spinning, weaving, knitting and garment manufacturing have also shrunk in the last decade.
The number of ginning companies has declined significantly from twelve in 2014 to less than six in 2016 due to low volume of cotton production, AICC CEO Felix Lombe told a news agency. More ginners will imply more jobs, he said.
Non-governmental organisation AICC, which works in fields of agriculture, governance and health sectors, has proposed that the Malawi Government should start a cotton fund by injecting $4.8 million to rejuvenate the sector by generating $60.5 million in exports.
As the country produced less than 15,000 metric tonnes of seed cotton in 2016, AICC feels the annual cotton production should be increased to over 50,000 metric tonnes.
Mapeto David Whitehead and Sons is the only spinning company in the country at present and utilize less than five percent of the lint produced domestically. (DS)
The number of ginning companies has declined significantly from twelve in 2014 to less than six in 2016 due to low volume of cotton production, AICC CEO Felix Lombe told a news agency. More ginners will imply more jobs, he said.
Non-governmental organisation AICC, which works in fields of agriculture, governance and health sectors, has proposed that the Malawi Government should start a cotton fund by injecting $4.8 million to rejuvenate the sector by generating $60.5 million in exports.
As the country produced less than 15,000 metric tonnes of seed cotton in 2016, AICC feels the annual cotton production should be increased to over 50,000 metric tonnes.
Mapeto David Whitehead and Sons is the only spinning company in the country at present and utilize less than five percent of the lint produced domestically. (DS)
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