The Malawi Confederation of Chambers of Commerce and Industry (MCCCI) has applauded President Dr Lazarus Chakwera for his recent tough and decisive economic policies which are now paying off.
Speaking on Friday night at Sanjika Palace in Blantyre during a Presidential Dinner for Business Captains, MCCCI President, Lekani Katandula, said the recent decision by the government to devalue the Malawi Kwacha against the United States Dollar is now bearing fruit with many positive economic effects on the economy.
“Though the decision was not popular at the time it led to the immediate qualification for the ECF (Extended Credit Facility and consequently resumption of direct budget support,” said Katandula.
Addressing the business captains, Dr Chakwera urged the business community to think outside the box and start providing tangible solutions to economic problems gripping Malawi.
Reported by Kumbukani Phiri.
File photos.
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