Malawi Confederations of Chambers of Commerce and Industry (MCCCI) says the worsening business environment between July and September further weakened the local investment climate, hampering long-term growth and affecting foreign direct investment. Reads part of the commentary: “Seasonal boosts in tobacco and pigeon pea exports, a modest rally on the Malawi Stock Exchange and a temporary rise in foreign exchange reserves offered short-term relief. In an interview yesterday, MCCCI chief executive officer Daisy Kambalame said high inflation and economic uncertainty have significantly undermined investor confidence during the quarter, deterring foreign direct investment as entrepreneurs were forced to reassess their investment decisions. Said Kambalame: “Businesses continue to face significant challenges, particularly in accessing foreign exchange to import raw materials, fuel and pharmaceuticals. Looking ahead, the chamber said the outlook is precarious with existing risks like ongoing foreign exchange shortages, rising inflation and potential climate shocks that could threaten private sector performance.