Malawi hosts first ever high level doing business forum

Malawi on Friday held a day long first ever high level Business Forum which attracted different development partners both local and International.

The forum which took place at Bingu Conference International Conference Centre in Lilongwe is set to enable participating members to find lasting solutions to make Malawi a better place for business.

Speaking during the opening of the conference, Minister of Trade and Industry Sosten Gwengwe said there is need to work hand in hand with the private sector to ensure that Malawi moves forward as far as business is concerned.

“This is a very big and important day to Malawi as we are holding the first ever high level doing business forum. As a country we need to work correctively with the private sector as well as all the developing partners in order to make Malawi a better place for business,” Gwengwe suggested.

Gwengwe: Malawi a better place for business

He added that Malawi for the past seven to nine years has not been doing well in terms of business; Malawi is number 157 on world position among the 185 countries that are targeted by the World Bank.

“This forum has been initiated by the World Bank who is our facilitator, as a matter of emergency Malawi as a nation needs to speed up in finding up solutions to make business an easier and cheaper process.

“Time is not on our side and there is need to draw good plans so that the country moves from where it is to a better place. World Bank as our facilitator facilitates 185 countries and Malawi is on position 157,” he said.

Speaking earlier, Word Bank country Manager, Sandra Bloemenkamp concurred with Gwengwe saying Malawi needs to move from plans to actions to succeed in business.

“A lot of efforts need to be put forward to move from plans to actions for Malawi to move forward,” he suggested.

She also alluded that there is need for Malawi to have an economic transformation for it to move forward for it is crucial for poverty reduction of the country.

“World Bank has been a partner in this and will remain to be one.” She added.

The meeting has attracted members from both public and private business sectors, delegates from Rwanda and Mauritius.

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