The economy of Malawi is predominantly agricultural, with about 90% of the population living in rural areas. The landlocked country in south central Africa ranks among the world's least developed countries. Agriculture accounts for 37% of GDP and 85% of export revenues. The economy depends on substantial inflows of economic assistance from the IMF, the World Bank , and individual donor nations. The government faces strong challenges: to spur exports, to improve educational and health facilities, to face up to environmental problems of deforestation and erosion, and to deal with the rapidly growing problem of HIV/AIDS in Africa.

Malawi was ranked the 118th safest investment destination in the world in the March 2011 Euromoney Country Risk rankings.

Agriculture represents 36% of GDP, accounts for over 80% of the labor force, and represents about 80% of all exports. Its most important export crop is tobacco, which accounts for about 70% of export revenues. In 2000 the country was the tenth largest producer in the world (See table). The United Nations Food and Agriculture Organization estimates the following production of unprocessed tobacco by country in 2009 (figures are in thousands of tonnes.)[1]

Malawi ( /məˈlɑːwi/; Chichewa [malaβi]^{[need tone]}), officially the Republic of Malawi, is a landlocked country in southeast Africa that was formerly known as Nyasaland. It is bordered by Zambia to the northwest, Tanzania to the northeast, and Mozambique on the east, south and west. The country is separated from Tanzania and Mozambique by Lake Malawi. Malawi is over 118,000 km² (45,560 sq mi) with an estimated population of more than 13,900,000. Its capital is Lilongwe, which is also Malawi's largest city; the second largest is Blantyre and the third is Mzuzu. The name Malawi comes from the Maravi, an old name of the Nyanja people that inhabit the area. The country is also nicknamed "The Warm Heart of Africa".

The area of Africa now known as Malawi was colonized by migrating tribes of Bantu around the 10th century. In 1891 the area was colonized again, this time by the British. In 1953 Malawi, then known as Nyasaland, became part of the semi-independent Central African Federation (CAF). The Federation was dissolved in 1963 and in 1964, Nyasaland gained full independence and was renamed Malawi. Upon gaining independence it became a single-party state under the presidency of Hastings Banda, who remained president until 1994, when he was ousted from power. Joyce Banda (no relation) is the current president, raised to that position after president Bingu Mutharika died in 2012. She is the first female leader in Malawi. Malawi has a democratic, multi-party government. Malawi has a small military force that includes an army, a navy and an air wing. Malawi's foreign policy is pro-Western and includes positive diplomatic relations with most countries and participation in several international organizations.

Joyce Hilda Banda née Mtila (born 12 April 1950) is a Malawian politician who has been the President of Malawi since 7 April 2012. An educator and grassroots women's' rights activist, she was Minister of Foreign Affairs from 2006 to 2009 and Vice-President of Malawi from May 2009 to April 2012. Banda took office as President following the sudden death of President Bingu wa Mutharika. She is Malawi's fourth president and its first female president. Prior to becoming president, she served as the country's first female vice-president.

She was also Member of Parliament and Minister for Gender, Children's Affairs and Community Services. Prior to an active career in politics she was the founder of the Joyce Banda Foundation, founder of the National Association of Business Women (NABW), Young Women Leaders Network and the Hunger Project. She was listed in Forbes Magazine 2011 as the third most powerful woman in Africa.

She is the founder and leader of the People's Party created in 2011, and prior to Bingu wa Mutharika's death was considered likely to contest the Presidency of Malawi in the 2014 general election.

Bingu wa Mutharika (born Brightson Webster Ryson Thom; 24 February 1934 – 5 April 2012) was a Malawian politician and economist who was President of Malawi from May 2004 until his death. He was also the president of the ruling Democratic Progressive Party, which has a majority in Malawi's parliament as a result of the 2009 general election. During his two terms in office he was noted for presiding over the African Union, as well as several domestic controversies. He died of a heart attack in Lilongwe on 5 April.

Bingu wa Mutharika was born Brightson Webster Ryson Thom on 24 February 1934 in Thyolo. Mutharika's parents, Ryson Thom Mutharika and Eleni Thom Mutharika, were both members of the Church of Scotland Mission which later became Church of Central Africa, Presbyterian. His father was a teacher for 37 years and his mother taught the women of the Mvano group.^{[citation needed]}

Upon completing his primary education at Ulongwe Mission and Chingoli, Mulanje, Ntambanyama, Malamulo, in Thyolo and Henri Henderson Institute in Blantyre, Mutharika obtained a Grade A Cambridge Overseas School Leaving Certificate at Dedza Secondary School in 1956. In 1964, he was one of the 32 Malawians selected by Hastings Kamuzu Banda (President of Malawi 1961–1994) to travel to India on an Indira Gandhi scholarship for 'fast track' diplomas. The BBC reports that he went to India to "escape then President Hastings Banda's crackdown on political opponents". At some point during the 1960s, he also changed his name, to Bingu wa Mutharika. In India, Mutharika earned his Bachelor's degree in Economics. Subsequently, he attended the Delhi School of Economics graduating with a M.A. degree in Economics. He later obtained a PhD degree in Development Economics from Pacific Western University. Mutharika also completed short courses on Business Management, Financial Analysis, Trade Promotion, Political Leadership, regional Economic Co-operation and Human Relations.

James Beeland Rogers, Jr. (born October 19, 1942) is an American investor and author. He is currently based in Singapore. Rogers is the Chairman of Rogers Holdings and Beeland Interests, Inc. He was the co-founder of the Quantum Fund with George Soros and creator of the Rogers International Commodities Index (RICI).

Rogers is an outspoken proponent of the free market, but he does not consider himself a member of any school of thought. Rogers acknowledged, however, that his views best fit the label of Austrian School of economics.

Rogers was born in Baltimore, Maryland and raised in Demopolis, Alabama. He started in business at the age of five by selling peanuts and by picking up empty bottles that fans left behind at baseball games. He got his first job on Wall Street, at Dominick & Dominick, after graduating with a bachelor's degree in History from Yale University in 1964. Rogers then acquired a second BA degree in Philosophy, Politics and Economics from Balliol College, Oxford University in 1966.