Minister Kachale creating enabling environment for private sector, SMEs
Minister of Industry Roy Kachale has told vice-president Saulos Chilima that his ministry is working on reforms to create an enabling and competitive environment for private sector development as a crucial step for a thriving private sector that can meaningfully contribute to national development.
Chilima, who is also Minister of Economic Planning and Development and Public Sector Reforms, was meeting Kachale in the orientation on the reforms drive.
The Industry minister said his ministry has developed and reviewed laws and regulations in the sector “to level the playing field.”
He said, for instance, in order to regulate the sugar industry which at the moment is unregulated, the ministry developed a Sugar Industry Bill which, among others, provides for the establishment of a Sugar Regulatory Authority and a Dispute Settlement Tribunal.
Kachale said the ministry has also proposed new reforms that aim at creating an enabling environment for enhanced productivity and competitiveness, spur growth of Small and Medium Enterprises (SMEs), Cooperatives and Industries as well as establishment of an Industrial Research and Innovation Centre to spur industry related development.
However, Kachale bemoaned the rampant smuggling of goods from neighbouring countries that render our products non-competitive as well as erratic power supply as challenges that the industry sector is facing.
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Any reform to improve the private sector have to start with ESCOM and EGENCO. Our country’s power generation capacity is totally inadequate.
There is need to increase our generation capacity to at least 600MWs for starters.
Masanje a boma.
If banks have tough regulations in lending to SMEs, forget about economic development. There are so many strategies to benchmark from Asian countries who were like us in 1964 but are so developed today.If we want to increase our domestic production, then pursue strategies which will aim at developing these SMEs through eg incubating, subcontracting them with international companie training them in the process. Failure to do this, then game over before it begins.
Ah yes, a Sugar Regulatory Authority and Tribunal. Just what we need to bring down our high sugar prices. I hope the Honourable Minister has some nice, modern offices in mind for these bodies to set-up. Of course, we will need to hire good, well-paid staff. And also they will need generous contracts, with top of the range SUVs, housing allowances, and travel allowances when they inevitably have ‘familiarisation’ tours. And they will need to have various training, conferences and meetings at a few 5-star hotels. This will enable them to do their job more effectively and help the hard-working… Read more »
Can you please ask MRA to issue the Witholding tax exemption certificate to MSME. Big companies with International auditors have got their certificates since 3rd / 4th of July and we SME who applied in second week of June are still waiting till today. SME’s are the ones who desperately needs this especially now the economy is sliding and having cash flow constraint. MRA does not support SME’s
This bar waiter / owner is a Minister in the government of the Republic of Malawi? Really my fellow Malawians what game are we playing? And SKC, honestly can we take this Kacahle seriously?
Everyone is allowed to have any kind of business brother, don’t be stupid. you can’t judge people based on what they own, stupid.
i own a brothel so I qualify to be a Minister? Welcome to Tonse Malawi
Do your research before making such comments and make yourself look like a cadet fool