• Mon. May 29th, 2023

SPC Zamba says time for action is now  

By Senior Business Editor

Government has hinted that time to remove all bottlenecks which hinders excellation of development of transformative projects is now.

Secretary to the President Coleen Zamba said this in Lilongwe when he presided over the closing ceremony of the first ever Private Sector Lab held at the BICC in Lilongwe.

“What we need now is action nothing else but action since time for excuses is over,” said Zamba.

The SPC said Private sector remain vital component in the economic development of the country.

She said the just concluded meetings during the Lab were so vital and that they have created a lot of opportunities.

She said her office will ensure that everything discussed and promised is fully implemented.

Speaking on behalf of Private Sector, Pyxus Company Managing Director Ron Ngwira said the discussion were very important because private sector is the engine of the economy.

Ngwira has since commended Malawi Government for the commitment and willingness to interface with the private sector.

On the 17th of June, His EXcellency Dr Lazarus MacCarthy Chakwera, President of the Republic of Malawi opened this first Private Sector Lab.

The Labs are aimed at creating a platform for high-level round table discussions between government, private sector, and various other critical players to jointly resolve issues impacting on private sector growth.

The Lab meetings involved ministerial presentations from the Ministry of Lands, Department of Immigration, and the Ministry ot Agriculture.

The key objective of the Labs is to facilitate solutions at policy level and addressing service delivery issues hindering private sector growth.

Further, the Labs are facilitating sectoral solution sessions through non-MDA led discussions.

Private Sector Labs are also meant to create a Project Development Facility in the Access to Finance work stream as well as solving project level issues to unlock investment and impact through identifying specific project level issues that are hindering investment, with the aim to unlock investments and enable creation of jobs, earning of forex, and increasing manufacturing.

The labs also provide platform for enabling collaboration so that MDAs and private sector can provide each other information and perspectives for better bilateral understanding, going forward.

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