By Jones Gadama
President Lazarus Chakwera has assured that his government is working tirelessly to create a conducive environment for the private sector to thrive, with the aim of promoting economic transformation in Malawi. Chakwera made the remarks during the official opening of the 35th Malawi International Trade Fair at Chichiri Trade Fair Grounds in Blantyre.
According to Chakwera, his administration has implemented strategies to support private sector growth, including providing financial support to women and youth entrepreneurs.
Over the past four years, the government has supported 100,000 businesses with K300,000 each, and an additional K1 trillion from the African Development Bank will be provided through the National Economic Empowerment Fund over the next five years.
“We have put in place strategies aimed at creating a conducive environment for the private sector to scale up their investment and increase production to promote economic transformation of the country,” Chakwera said.
Malawi Confederation of Chambers of Commerce and Industry (MCCCI) President Dr. Wisely Phiri commended Chakwera for presiding over the event, saying it demonstrates the government’s commitment to a vibrant and dynamic private sector.
The Malawi International Trade Fair, which runs until May 29, features 191 exhibitors from Malawi and other countries, including Zambia, Egypt, Zimbabwe, Mozambique, and Tanzania.
The event provides a platform for businesses to showcase their products, network, and explore opportunities for growth and collaboration.
Chakwera’s assurance that the government is working to create a conducive environment for the private sector is a positive signal for investors and businesses.
With the government’s support and investment in entrepreneurship development, Malawi’s economy is poised for growth and transformation.
