Wednesday, April 24, 2024

Chakwera challenges private sector to invest in human capital

President Lazarus Chakwera

Malawi leader Lazarus Chakwera has implored the private sector to invest in human capital to help the country develop economically.

Chakwera was speaking at the Bingu International Convention Center (BICC) in Lilongwe when he launched the Presidential Initiative on Job creation in Partnership with National Economic Empowerment Fund Limited (NEEF) and TNM Mudzi Wathu.

The President said the partnership will help the government to realise its dream of creating more jobs for Malawians.

“Now is the time for government and private sector to work together and create opportunities and an enabling environment for investment,” said Chakwera.

The partnership is a continuation of efforts by TNM to apply mobile telecoms technology as a catalyst for economic growth, poverty alleviation and job creation under its Mudzi Wathu Initiative.

President Chakwera further said that government is committed to remove legislative and political impediments to create a favourable business environment for the flagship one million jobs creation to be realized.

He added that government is ready to listen to the private sector on what obstacles to business have to be removed, so that economic growth can normalize, and jobs created.

He has since demanded that any private entity that encounters political bias and legislative obstacles should report to the presidential delivery unit, for action.

The president also conceded that his government has not created the promised one million jobs, but was quick to say that the public-private partnerships can foster and boost the initiative.

He has thus said all that government has been doing since it came into power; the K100,000 salary threshold, reducing fertilizer prices, and different infrastructure development underway which has created jobs, was meant to increase people’ income.




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