Energy Crisis Fuels Charcoal Market Boom in Malawi
What happened
Persistent power outages and shortages of liquefied petroleum gas (LPG) have fueled a boom in the charcoal market in Lilongwe and Blantyre. Charcoal vendors report increased business opportunities due to the energy crisis. In Lilongwe, a bag of charcoal sells for K70,000, while in Blantyre and Mzuzu, the average price is K60,000.
From mwnation.com
Why it matters
The compounding shortages of power and gas are raising concerns that they will accelerate deforestation in Malawi. This crisis has made charcoal and firewood more attractive for household use because clean energy technologies remain scarce and prohibitively expensive for the majority of Malawians.
From mwnation.com
Who's involved
- MalawiSovereign state experiencing the energy crisis and market boom.
- LilongweCity experiencing a boom in the charcoal market.
- BlantyreCity experiencing a boom in the charcoal market.
- Ministry of Natural ResourcesGovernment agency implementing new measures in response to the crisis.
- LPGProduct whose shortage is driving the charcoal market boom.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Lilongwe DistrictSpeculative
The charcoal market boom could drive demand and revenue for local vendors in Lilongwe District.
- LPGSpeculative
The LPG shortage could reduce product availability and revenue for the company.
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The entities involved
Related events
- The Malawi Housing Corporation (MHC) is planning a redevelopment project in Area 1 of Lilongwe, where its staff quarters are located.
- Government supports a major hotel investment project in Lilongwe, Malawi.
- Farmers in Lilongwe District, Malawi, are importing fertilizer through Dar es Salaam and Beira ports, with local prices being monitored.
- A government official addresses business concerns in the city of Blantyre, Malawi.
- Lilongwe is the capital of Malawi, and Blantyre is a city within Malawi.