By Burnett Munthali
The Ministry of Industrialisation, Business and Trade is emphasizing the importance of continued engagement with the private sector to create a business-friendly policy environment in Malawi.
This approach is expected to stimulate growth and create jobs, according to Principal Secretary Bright Molande.
Molande made the remarks during a high-level business forum in Blantyre, where stakeholders gathered to discuss key issues affecting the country’s economy.
The event, dubbed “CEO Connect,” aimed to provide a platform for policy engagement, critical to Malawi’s economic recovery process.
The forum highlighted the need for collaboration between the government and private sector to drive economic growth.
Malawi Confederation of Chambers of Commerce and Industry (MCCCI) CEO Daisy Kambalame stressed that the creation and growth of companies is key to achieving this goal.
Private sector representatives, including Phillip Madinga, Chief Executive of Standard Bank Malawi, pledged to promote investment in Malawi’s growth sectors, such as tourism and mining.
Madinga’s commitment demonstrates the private sector’s willingness to support the country’s economic development.
The forum also featured discussions on Environmental, Social, and Governance (ESG) reporting, with stakeholders sharing knowledge on how to embed ESG principles into traditional credit analysis.
This highlights the growing importance of sustainable finance in Malawi’s economic landscape.
The event attracted both local and international stakeholders, showcasing the country’s commitment to fostering a business-friendly environment and promoting economic growth.
As Malawi continues on its economic recovery path, collaboration between the government and private sector will be crucial in driving progress.
