The Indigenous Business Association of Malawi (Ibam) says they will support President Joyce Banda administration in realising its agenda of developing the country, expressing the hope that Her Excellency will promote local entrepreneurship.
Ibam president Mike Mlombwa said President Bank has vast experience in business having founded the National Association Business Women (Nabw).
Mlombwa, who is managing director of Country Wide car hire, said he was confident that President Banda will help the small and media enterprises grow, saying that will be key in economic recovery.
“Let government of President Joyce Banda strengthen the SME sector. This IBAM has confidence she will do because she has business in various sectors of the economy,” said Mlombwa.
Ibam and Mlombwa were seen to be supporting the government of late Bingu wa Mutharika.
He however said they work with the government and not political parties.
“We support the authorities. The government is being run by Her Excellency Madam Joyce Banda and we will give her all our support,” he said.
He said local entrepreneurs want Banda government to prefer Malawian owned business to be considered in awarding tenders and government business contracts.
The business tycoon also said Ibam want government to put up deliberate policy and law that would protect local business operators from unfair competition from foreigners, including designation of areas and sectors of the economy where only locals should be allowed to operate.
He said Ibam want control on foreign investors such as Chinese, Nigerians and Burundians who are giving locals unfair advantage in the business.
Recently another business mogul Leston Mulli of Mulli Brothers Holdings also declared support for the Banda government.
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