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Govt to boost SME economic transformation

Minister of Trade, Sosten Gwengwe, says the government is committed to support cooperatives and Small and Medium Enterprises (SMEs) in value addition which will help in the transformation of Malawi’s economy by increasing revenue generation.

Gwengwe made the remarks in Karonga where he visited Rukulu Rice Women Cooperative, a beneficiary of the Agricultural Commercialisation (AGCOM) Project, where he pledged to help cooperatives in adding value to their produce for exportation.

“As a a country we are importing more products than we are exporting and we need to reverse this trend inorder for us to be creating wealth for our country through locally made products that are exported,” he said.

Gwengwe added that the “Government will continue to introduce initiatives which will expose local cooperatives to the international market and we are in the process of constructing a COMESA market in Mchinji which will open doors for Malawian products to the international market”.

By George Mponda, MANA

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