Malawi News Agency Online - AICC asks government to invest K3.5 billion into cotton industry: "Mzuzu, December 28, 2017: African Institute of Corporate Citizenship (AICC) in Malawi has asked government to inject US$4.8 million (about K3.5 billion) into cotton farming to revive the industry which it says is at the verge of collapsing.
AICC Chief Executive Officer (CEO) Felix Lombe told journalists on Wednesday in Mzuzu that Malawi’s cotton production has gone down from 100,000 metric tons in 2012 to around 15,000 in 2017.
He said the decline is worrisome because, among other crops, cotton remains one of the best forex earners that can replace tobacco."
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