Minister of Trade and Industry Mark Katsonga Phiri has spoken highly about the potential of the private sector particularly the Small, and Medium Enterprises, (SMEs) in driving the economy of the African countries.
Katsonga said the SME sector in Africa has not been fully unleashed to contribute to employment creation and economic transformation as planned in the country’s development blueprint, Malawi 2063.
The minister was speaking at a Religion and Enterprise Africa Summit in Uganda.
“As an entrepreneur myself, I will be the first to admit that despite all the administrative
progress so far realised on reforms and new policy guidelines embraced by member states, we still have a long way to go on the
ground,” he said.
The Trade and Industry Minister proceeded to say African countries and Malawi, in particular, are nurturing big dreams.
He cited fertiliser manufacturing plant, establishment of mega-farms, power generation, construction of secondary schools and universities, Lake Malawi commercial fish farming, and smallholder out-grower sugarcane production as some of the projects that need serious investments.
The Religion and Enterprise Africa Summit in Uganda is graced by the Archbishop of the Province of the Church of Uganda, President of the Human Capital International, Dr Emmanuel Dei-Tumi, and many other notable figures from Uganda and Ghana.
The summit is held under the theme: “Entrepreneurship Transformation Through Faith-Based Innovation, Trade, Investment and Technology.”
Reported by Robert Kalindiza, MBC Online Services.