Malawi collateral prohibitive—AfDB
By Taonga Sabola:
The 2019 Regional Economic Outlook for Southern Africa by the African Development Bank has revealed that Malawi is among four countries in the region with prohibitive collateral demands.
The outlook says in Malawi—alongside, eSwatini, Zambia, and Zimbabwe—the collateral demanded by banks from borrowers is more than twice the loan value.
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