Chilima promises K40bn entrepreneurship fund: Malawi VP breaks down on ‘one million jobs’ pledge
Vice-President Saulos Chilima has said his United Transformation Movement (UTM) administration will launch a K40 billion entrepreneurship fund with K200 000 loan ceiling to 200 000 people to spur employment as part of his pledge to create one million jobs if elected president in the 2019 Tripartite Elections.
Speaking, Sunday during a political rally at Ntcheu Seondary School ground, Chilima said it is possible to employ not just 1 million people in one year but the figure may even be surpassed.
“In the informal sector UTM will launch a K40 billion entrepreneurship fund with K200 000 loan ceiling that will lead to jobs for 200 000 people,” said Chilima.
“These who will in turn employ other people and even if it’s an average of people that is another 200 000, that is 400000 people already,” he said.
Chilima’s pledge to create one million jobs in his first year of office has attracted criticism from both political and economic commentators as well as President Peter Mutharika.
But Chilima during the rally televised like on Times TV and Zodiak, said the UTM has the technical know how how to executve their plan by, among others, introducing “mega farms” in each district to which will anchor processing factories to create jobs.
“As UTM we come not to seek power, but to seek legitimacy and political space to transform Malawi,” said Chilima.
He said UTM has prioritised a comprehensive socio-political and economic systems overhaul that is going to be tamper-proof so that never again shall there be abuse of public resources without consequences.
Chilima said UTM vision is to transform Malawi into a just, modern and prosperous nation, saying he wants Malawi beyond 2019 to be “ a country united in pursuit of happiness and prosperity and in which every citizen has a fair chance to be their best. “
The Veep also said a Cooperatives Authority will be established to steer the establishment and strengthening of well-organised cooperatives in support of the Mega Farm Initiative.
” Government will support the cooperatives with machinery, equipment and necessary facilities – tractors, harvesters and implements. This will enable farmers produce more yield and earn more” he said.
UTM will have another mass rally in Zomba next Saturday.
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The Aspirant talks like he has been outside Malawi. Assumptions fundamentally flawed. Not surprised, the guy is a marketer good at deceiving customers to sell already made products. Malawians watch out!
What is 200000 loan ceiling? That’s only 300Usd bambo Saulosi. What can 200000 mk do tin an individual? Mwatha mapulani
SKC mavoto adziko lino ngakulu zedi such kind of solutions satitengela patali you seem to be illusioned too like all Malawian politicians. Malawi needs real sustainable solution osati izi za morale zi
Mumangomva innovation eti? Skillful workforce is the true economic improvement for Malawi and aAfrica For eeverythingto be successful it needs kudekha, endure hardship and lay strong basic foundations osati kungofikira kulumphira mmwamba. This is what APM is doing: community colleges, good road and rail network to assist in the transportation of the farming produce to the cities to revamp small businesses, rural growth centers to bring the consumers closer to the small business farm producers. Intreppreneurship skills in our colleges to prepare the future business captains for real business world which is more competitive. Osati mabodza ongofuna kudzatibera basis.
How the beneficiaries are going to achieve financial successes without basic business skills? The old man is better off and has colourful dreams for mother Malawi Community colleges, intrappreneurship skills all the as basic foundation for future great mMalawi osati mbwerera zikunamidwa apazi..
Looking some of the pessimistic comments below, it becomes very clear why we are amongst the poorest countries in the world. The people are exceedingly dull, lacking in sophistication, timid, no sense of adventure or innovation, and their default answer is sizingatheke!! A total shame, what is so impossible about well managed business loans? what is so difficult about setting up commercial farms in each district? What is so impossible about reintroducing factories in each district producing value added products from the resources found in that district? You have Burundis, Pakistanis, Nigerians, etc… coming in daily to show you kuti… Read more »
Finding markets for the products
@BigMan Apa ndiye ponena zowona, you have made me think. Mwandisekesanso, then I realized you are serious. So, ndati ticheze pang’ono. While there is but only a grain of truth in some of your accusations, you are misled in the main. Herewith a few pointers and pointed questions:- – When are you going to start criticizing your new Party, UTM, and Chilima, the self-appointed President or spokesperson, for ridiculous ideas? You criticize DPP hand clappers on one hand (pan intended), and yet praise your leader Chilima, The Anointed One, unreservedly, on the other! – Can one, even your Chilama, start… Read more »
He says these 200,000 beneficiaries will employ the other 200,000 people on monthly salary. Just with the k200,000. Please Chakwera and Mia tell this guy to tread carefully in his promises.
And why is that an impossible idea? MK200,000 is enough to start a small business and employ someone whom you will pay from the profits that you will make. Inu mukuganiza kuti malipilo adzikachoka pa 200,000 pomwepo??? I bet you are a DPP cadet.
I am seeing hope for Malawi beyond 2019! SKC you have my vote! Anthu enawa ndiwoponda masomphenya nkana chili chonse amangoti ndichosatheka! Lord have mercy on Malawi!
hahahahhha this guy is getting more finny now. Chilima are you telling me that up to now you don’t know that K200,000. is nothing to a life of one single malawian? kkkkkkkk this guy is hopeless.
Yoi sound like another cadet, barking, barking, barking and barking some more…..for nothing!
K200,000.00 loan my foot!
you are one sorry mortal my friend i bet u even if they can give you K10 million you can do nothing with it. business requires people who have a dream and focused and not the likes of you who can see as far as your nose!. Big capital does’t ensure business success, it all boils down to your values.
Not everyone can be successful hence need for basic skills osati mabodza mukunenawa akavibangwa. APAmukungofuna njira yodzaonomgera ndalama