HomeBusiness and FinanceChakwera calls for increased productivity from SMEs to create jobs, wealth

Chakwera calls for increased productivity from SMEs to create jobs, wealth

PUBLISHED BY

President Dr. Lazarus McCarthy Chakwera has challenged small and medium enterprises (SMEs) in Malawi to increase productivity in order to complement government efforts to create jobs, wealth and achieve food security.

Speaking after officially opening the Malawi Bureau of Standards (MBS) Office Complex and International Trade Fair in Blantyre on Wednesday, Chakwera said increased productivity is the surest way Malawi can deal with the toll recent cyclones have had on the economy.

“We must focus on productivity because it is what has suffered the most in our economy. When past decisions saddled our country with unsustainable debt, our productivity suffered. When Covid-19 entered our borders and forced us to restrict movement for public safety, our productivity suffered. When Tropical Storms Ana and Gombe fell on us weeks apart from each other and took out a third of our power supply, our productivity suffered.

“When the conflict in Eastern Europe disrupted the supply chain for many commodities and sent global prices of fuel and fertilizer through the roof, our productivity suffered. When drought conditions hit the northern region and Cyclone Freddy made landfall twice and left the southern region in ruins, our productivity suffered,” said the President.

President Lazarous Chakwera appreciating a Nulite pavilion at Trade Fair grounds in Blantyre, Abel Ikilon, Mana

He said this is why his administration has given top priority to increase productivity through the promotion of commercialization, industrialization and urbanization so that Malawi can achieve job creation, wealth creation, and food security.

Chakwera added that it is this pursuit of increased productivity that he addressed a global forum of international investors within the first sixty days of being in office, and made an effort to restore our broken relationship with neighboring countries that are Malawi’s first trading partners.

“The pursuit of increased productivity is the reason I go far and wide to negotiate trade and investment deals and secure new markets. The pursuit of increased productivity is the reason I directed that an SME order be gazetted in the early months of my administration to create business growth opportunities for local enterprises,” he said.

Chakwera has since challenged MBS to ensure it expedites processing of certificates to enable SMEs to grow their businesses and increase productivity.

Enter your comment

RELATED ARTICLES

SPC calls for increased investment in agribusiness

Secretary to the President and Cabinet (SPC) Collen Zamba has called for increased investment and collaborative efforts to improve agribusiness industry in Malawi.

Reunion Insurance gives MK5m towards MUST Vice Chancellor’s Golf Tourney for needy students

Reunion Insurance Company Limited has sponsored the 2023 Malawi University of Science and Technology (MUST) golf tournament to the tune of MK5 million.

Govt presents optimistic MK5.89tn aimed at increasing production, putting money in people’s pockets

The Minister of Finance and Economic Affairs, Simplex Chithyola Banda, on Friday afternoon presented the MK5.89 trillion 2024-2025 national budget that spells out a number of interventions aimed at healing the national economy.

Oxfam Malawi drills journalists in Public Finance Management reporting

In an effort to deepen knowledge and understanding of the Public Finance Management issues, Oxfam Malawi on Wednesday organized a one-day training for journalists to enable them to acquire knowledge and skills for reporting on budget, public finance management and public expenditure.

Latest Posts

popular posts

Mchinji’s agriculture committee emphasises on collaboration

Mchinji District Agriculture Extension Coordination Committee (DAECC) has stressed the need for strong relationships and collaboration among stakeholders to sustain agriculture initiatives being implemented in the district.

Woman drags Nankhumwa to court over child maintenance issues

A little known woman, Letina Kamwamba, has dragged Leader of Opposition and Democratic Progressive Party (DPP) presidential aspirant, Kondwani Nankhumwa, to court over child maintenance issues.

2024 Aviator Strategy and Tips to Win (TESTED AND VERIFIED)

With the recent surge of users on Premierbet Malawi Aviator; we keep seeing many Facebook and Twitter posts about whether there’s a strategy of some sort for the Aviator game. We haven’t seen any definite answers to this which pushed us to answer this, using a program that compiles the results and gives you an idea of different strategies and numbers to try on Aviator.

MCP publicist Reverend Maurice Munthali resigns

Publicity Secretary for the Malawi Congress Party (MCP) Reverend Maurice Munthali has resigned from his position, citing the prevailing governance atmosphere marred by persistent corruption allegations and related scandals as reasons for his resignation.

MK17.28bn Mzuzu Civic Office Complex construction at 45%

Plem Construction Limited (PCL) has disclosed that progress of the construction of the first ever Mzuzu Civic Office Complex is at 45 percent.
Nthanda Times

Discover more from Nthanda Times

Subscribe now to keep reading and get access to the full archive.

Continue reading