The Reserve Bank of Malawi has secured a financing facility which will allow manufacturers import raw materials to manufacture products for both the local and export market.
The 60 million dollars facility from the world bank , which is open for renewal, will remove hurdles manufacturers face in accessing forex to import raw materials
Deputy governor for the Reserve Bank of Malawi Macdonald Mafuta Mwale said this ahead of the official opening of the construction of Magwero Industrial Park in Lilongwe.
Minister of Trade Sosten Gwengwe has since expressed commitment to help Malawian products become competitive on the international market
