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CHAKWERA URGES PRIVATE SECTOR TO SPUR DEVELOPMENT

President Dr Lazarus Chakwera says stabilising the country’s macroeconomic environment is a major task that needs the involvement of the private sector.

Dr Chakwera said this in Lilongwe during the launch of the Malawi Investment Summit.

The summit brought together over 60 participants from the public and private sectors to brainstorm on how the country can overcome the current economic challenges hindering development.

Among others, the summit emphasized Agriculture productivity, commercialisation and industrialisation.

Dr Chakwera said the country has plenty of investment opportunities and that there is a need for the private sector and government to consolidate their efforts to accelerate the country’s economic recovery.

The President cited the establishment of Mega Farms as the beginning of an agricultural revolution in a sector accounting for almost 30 percent of the country’s gross domestic product.

This is the first time Malawi held such a summit and it was organised by the Malawi Government, the Economist Impact Events and other partners.

Reported by Beatrice Mwape, MBC Online Services.

#MBCNewsLive

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