Zomba District - Economics

Economics

The economy of Zomba District is dominated by agriculture, where individual maize production accounts for the main activity, while tobacco is cultivated as the main cash crop. Other crops produced include rice, cassava, sweet potato, groundnuts, beans and pigeon peas. Husbandry is still underdeveloped; nevertheless cattle, poultry, goats, sheep, pigs and rabbits are raised for meat production in Zomba, with poultry being the most common. Zomba on the other hand is one of the few Districts with well-spread pond-fishing. There are around 2,600 farmers engaged in aquaculture, operating more than 5,000 ponds and producing as much as 757 tonnes of fish annually. In addition, Lake Chilwa continues to be the main source of fish in the District, with an annual catchment of more than 5,000 tonnes.

Small and medium-scale businesses dominate the District’s non agro-based economy, with general retail accounting for the gross of sales. Employment has increased to almost 97% of the total adult (15+) population, resulting in historically low unemployment. Services, general labour, and professional and technical groups are the dominant occupation groups.

Read more about this topic:  Zomba District

Famous quotes containing the word economics:

    I am not prepared to accept the economics of a housewife.
    Jacques Chirac (b. 1932)

    Religion and art spring from the same root and are close kin. Economics and art are strangers.
    Willa Cather (1876–1947)

    Women’s battle for financial equality has barely been joined, much less won. Society still traditionally assigns to woman the role of money-handler rather than money-maker, and our assigned specialty is far more likely to be home economics than financial economics.
    Paula Nelson (b. 1945)