pt;margin-left:
0in;line-height:14.4pt;background:white">
The employment structure includes
formal and informal sectors, together offering employment that is estimated to
be between 50,000 and 55,000 jobs and absorbing 62% of the labour force. The
formal sector employment consists of primary, secondary and tertiary industry sub sectors, and the informal sector is principally small-scale business
operations. The tertiary or services industry subsector is leading in terms of
employment creation and importance to the economy of the city; it employs
26,074 people accounting for 56.5% of total formal employment. The secondary
industry subsector employs 18,824 people principally in manufacturing and
accounts for about 41% of the total employment. Information on informal sector
activities is scanty or non-existent. But a recent study by Africon and field
investigation under the Blantyre City Environmental City Profile, leads to the
conclusion that it is a substantial and vibrant economy, offering employment to
about 4,500 people who would otherwise be unemployed.
Blantyre is home to the Malawi
Stock Exchange located on Victoria Avenue, the heart of the city. It opened its
doors in November 1996 and operates under the Capital Market Development Act
1990 and the Companies Act 1984. Before the listing of the first company, the
major activities that were being undertaken were the provision of a facility
for secondary market trading in Government of Malawi bonds namely, Treasury
Bills and Local Registered Stocks.
Get to know more about Blantyre
