BLANTYRE-(MaraviPost)-President Lazarus Chakwera has emphasised the need to invest much in production saying is crucial for boosting export that generates forex.
Chakwera also observes that boosting Malawi’s export capacity through enhanced production is crucial for the country’s economic growth and development.
Malawi leader made the remarks during the official opening of the 34th Malawi International Trade Fair at Chichiri Trade Fair Grounds in Blantyre on Thursday, May 23, 2024.
The President emphasized the importance of increasing production and exports, saying it will enable Malawi to compete favorably in the regional and global market.
He also encouraged local businesses to take advantage of the trade fair to network, share ideas, and explore expansion opportunities.
Chakwera toured several business pavilions, interacting with merchants and viewing a diverse array of products and services.
He commended the innovators and entrepreneurs for their efforts in showcasing Malawi’s industrial and technological advancement.
The Malawi International Trade Fair, which runs from May 23rd to 29th, has drawn participants from within the SADC region, as well as from distant lands including India, China, and Europe.
Over 177 local companies are participating in this year’s fair, alongside exhibitors from neighboring countries.
The President’s opening address was preceded by the presentation of Exporters and Exhibitors Trophies.
The event also featured a statement by Dr. Wisely Phiri, President of the Malawi Confederation of Chambers of Commerce and Industry, and a performance by the Chichiri Prison Cultural Troupe.
In his statement, Trade Minister Sosten Alfred Gwengwe emphasized the government’s commitment to supporting the private sector and promoting economic growth.
The Malawi International Trade Fair is an annual event organized by the Malawi Confederation of Chambers of Commerce and Industry (MCCCI) and has grown to become a cornerstone of Malawi’s business community’s engagement with the world.