Agriculture is key to Malawi’s development strategy, with over 80 per cent of the workforce employed in the sector. However, government investment in agricultural commercialisation has been low, national financial institutions lack agribusiness-friendly policies, and access to land necessary for commercial agriculture has been a challenge. This brief studies the effectiveness of various government and donor incentives aimed towards agribusinesses, and provides several policy recommendations on how to induce business investment in agricultural commercialisation.