Investment, Trade Key in Development Agenda

Malawi Vice President Saulos Chilima says Investment, Trade Key in Development Agenda. VP at MIF 2016.jpg

Vice President Saulos Chilima on Monday said investment and trade were key in government’s development agenda.

Chilima said government recognized the importance of investment and trade in creating jobs, expanding domestic tax base, attaining sustainable economic growth and improving living standards of people.

He was speaking when he opened the 2016 Malawi Investment Forum (MIF) at Bingu International Conventional Centre in Lilongwe.

The MIF is being held under the theme ‘Smart Partnership for Private Sector-Led Industrialization’.

Chilima, opening the forum on behalf of President Peter Mutharika, said government had also prioritized safety and security of investors just as it prioritized security for all residents.

He said his government recognized factors that influenced investors’ decisions to invest in a particular economy and that in that regard, Malawi government cherished the enviable political stability.

“My government is aggressively reversing all negative economic trends. We are no longer approaching the development agenda in the business as usual fashion.

“New principles and structures are being put in place to do away with the older ways that have hitherto failed to deliver,” he said, reading from a prepared speech.

He said government had implemented various reforms aimed at re-structuring processes and procedures as a way of further enabling the environment on investment.

Chilima said investors would find a public service that is efficient, effective and professional that served the interests of business community very well.