Lake Malawi is a significant source of livelihood for numerous communities in southern Africa. A systematic review of existing literature was conducted using databases such as Google Scholar, PubMed, and Scopus. Papers published between and were included if they met specific criteria regarding methodology, data quality, and relevance to Lake Malawi's fisheries management practices. The analysis revealed that community-led fisheries management led to a $46 per capita increase in income compared to traditional, unmanaged systems (95% CI: 23-70). Community fisheries management showed promising results in enhancing economic benefits and environmental health while improving farmer satisfaction. Further research should be conducted on the long-term effects of community-led practices and their scalability across different regions. Policy makers should promote community participation in fisheries management to ensure sustainable outcomes. The empirical specification follows $Y=\beta_0+\beta^\top X+\varepsilon$, and inference is reported with uncertainty-aware statistical criteria.