By Chisomo Phiri
President Dr. Lazarus Chakwera has urged local manufacturers in the country to always produce high-quality goods that can compete on the global market.
Speaking during a dinner with business captains from the Eastern Region at Chikoko-Bay State Lodge in Mangochi on Saturday evening, the President emphasized the need for Malawi to strengthen its local manufacturing sector in order to boost exports and drive economic growth.
He noted that Malawi’s reliance on imports has hindered the country’s economic progress, and that it is time for a paradigm shift.
The President encouraged local manufacturers to innovate and improve their products, emphasizing that the government is committed to supporting them through various initiatives, by producing goods that meet international standards, to earn much-needed foreign exchange.
He assured the business leaders that his administration is working tirelessly to create a conducive environment for local manufacturers to thrive.
By strengthening local manufacturers, the President said Malawi can reduce its trade deficit and become a major player in regional and global trade.
On his part, Minister of Trade and Industry, Honourable Sosten Gwengwe, said that the President’s call to action is a clear indication of his commitment to transforming Malawi’s economy and improving the lives of its citizens.
Gwengwe said that his ministry is working tirelessly to ensure that the trade industry has a conducive environment for Malawians.
Other speakers at the event included Deputy Chief Executive Officer for NBS Bank, Temwani Simwaka, and Vice President for Malawi Confederation of Chambers of Commerce and Industry, Arnold M’bwana, who acknowledged the commitment by Chakwera’s administration to transform Malawi’s economy and improve the lives of its citizens.
