The Venture Capital & Private Equity
Country Attractiveness Index
Alexander Groh, Heinrich Liechtenstein, Karsten Lieser and Markus Biesinger

Malawi  
Rank: 97 · Score: 28.4  

Basic facts        
Population (millions) 20.4   IPOs and pulic issues (quartile) Bottom
GDP (US$ billions) 11.9   M&A volume (quartile) Bottom
GDP per capita (US$) 580.9   Venture capital investments (quartile) Bottom
GDP growth (per cent) 2.4   Private equity investments (quartile) Bottom
 
 
 
Performance Overview
Indicator   Rank / 125 Rank Trend Score
VC/PE Country Attractiveness Index 97 22, 28, 28, 28, 28 28.4
1 Economic Activity 104 24, 32, 24, 22, 21 59.3
2 Depth of Capital Market 98 23, 30, 31, 31, 27 12.1
3 Taxation 108 23, 19, 18, 18, 17 64.8
4 Investor Protection and Corporate Governance 101 31, 27, 25, 24, 24 45.2
5 Human and Social Environment 92 26, 24, 27, 34, 33 25.7
6 Entrepreneurial Opportunities 96 22, 22, 26, 25, 29 34.4


 
Historic performance, 2019-2023   Key driver performance, 2023
 

   
VC/PE Rank  
VC Rank  
PE Rank
Malawi  
Africa
 
 
 
Peer Group Comparison
 
Regional Peers Economic Activity Depth of Capital Market Taxation Investor Protection and
Corporate Governance
Human and Social
Environment
Entrepreneurial
Opportunites
Uganda 72.0 17.3 65.7 48.6 23.5 26.6
Zambia 65.6 13.7 72.2 51.1 22.2 31.3
Senegal 70.4 13.4 54.4 42.7 30.4 27.0
Malawi 59.3 12.1 64.8 45.2 25.7 34.4
Algeria 69.5 8.2 87.6 48.6 29.0 40.8
Zimbabwe 59.5 13.3 72.8 37.7 18.1 30.7
Burkina Faso 63.9 8.8 66.4 39.5 29.2 19.2
Last updated: 4 Nov 2023