By Cedric Nkungula
President Dr. Lazarus McCarthy Chakwera will next month unveil a Presidential Private Sector Council to assist in improving the country’s Investment climate.
Making the announcement when he opened Malawi Investment Summit in Lilongwe on Wednesday, Chakwera said his administration is currently in the thick of things reviewing policies, legislative and regulatory frameworks to improve the Investment climate.
“These include reviewing the Investment and Promotion Act (2012) to strengthen Malawi Investment and Trade Centre (MITC) operationalizing the one stop service centre, developing an electronic business licensing system, implementing the National Trade Facilitation Action Plan, setting up a Private Sector Delivery Unit within my office as well as a Presidential Private Sector Council we will unveil next month coupled with upcoming engagements with the private sector to jointly develop land regulations that are Investment friendly,” said the president.
Chakwera also announced plans for the formation of a development corporation to streamline the investment drive.
“I am grateful that Ms. Clare Akamanzi who leads a similar institution in Rwanda is here to share her experience of this model,” he said.
Malawi Investment Summit has been organized to concretize and consolidate how government and public sector should work together to accelerate the economy’s recovery towards the kind of growth and resilience that can bring prosperity to Malawians and withstand external shocks.