NPC Business Breakfast Discusses Hurdles to Key Private Sector Projects

The National Planning Commission (NPC) this morning held a business breakfast roundtable discussion with representatives of key private sector institutions focused on specific investment projects lined up by the investors in-line with the Malawi 2063 First 10 Year Implementation Plan (MIP-1).

Minister of Industry and Trade Hon. Sosten Alfred Gwengwe, MP, presided over the session which took place on the sidelines of the Malawi Confederation of Chambers of Commerce and Industry (MCCCI) Business Leaders’ Summit at Sunbird Nkopola Conference Centre in Mangochi.

Key issues raised included forex shortages, business unfriendly land laws, unfair taxes and electricity tariffs that are discouraging private sector investment in energy generation.

Gwengwe – accompanied by Reserve Bank of Malawi Deputy Governor William Matambo – said the government remains engaged with the private sector and is ready to make policy and regulatory adjustments that could support accelerated private sector investments which is crucial to Malawi’s attainment of a middle-income economy status by 2030 as outlined in the Malawi 2063.

NPC Director General Dr. Thomas Munthali said NPC organized the session to provide a platform through which private sector players with money to invest in specific projects to engage with the government on hurdles the projects could be facing and how they could be quickly addressed.

Newly elected MCCCI President Wisely Phiri said it was important for the government to support both existing and potential investors to make sure that the private sector was playing its role in the realization of the Malawi 2063 national vision.

Some of the key private sector representatives at the breakfast meeting included Press Corporation CEO Dr. Ronald Mangani, Airtel CEO Charles Kamoto, Illovo Sugar MD Lekani Katandule, Old Mutual Life Managing Director Roy Panungwe, Nico Holdings Chief Operations Executive Chifundo Chiundira, Standards Bank Head of Business Banking Graham Chipande and NBS Bank Chief Finance Officer Ernest Tembo.

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