By Burnett Munthali
Former Minister of Finance Ken Lipenga has emphasized the crucial role of the private sector in driving Malawi’s economic development, urging the government to continue fostering partnerships with private companies.
Speaking during Mulli Brothers Limited (MBL) Holdings annual prayers in Chigumula, Blantyre, Lipenga highlighted the significance of private sector involvement in the country’s progress, stating that Malawi cannot develop without it.
Lipenga noted that private companies like MBL Holdings are critical for development, citing examples from around the world where such partnerships have yielded positive results.
He encouraged the government to maintain its collaboration with the private sector, recognizing the vital contributions these entities make to the nation’s economic growth and development.
MBL Holdings, a prominent business conglomerate in Malawi, has been a key player in the country’s economy, and Lipenga’s remarks underscore the importance of continued support for such enterprises.
The former Finance Minister’s comments come at a time when Malawi is seeking to accelerate its economic growth and development, making his call for private sector engagement particularly timely and relevant.
By working together with the private sector, Lipenga believes Malawi can unlock new opportunities for growth, create jobs, and improve the overall well-being of its citizens.
The annual prayers event at MBL Holdings provided a platform for Lipenga to share his insights on the importance of private sector involvement in Malawi’s development agenda.
