Monday, February 26, 2024
Business

Malawi needs industrial revolution says Minister Sosten Gwengwe

Minister of Trade and Industry, Sosten Gwengwe, emphasized that local companies possess the capability to contribute significantly to the government’s forex revenue generation when their products successfully compete on the global market. Speaking at the launch of the 100th edition of the National Product Magazine and award presentation at the Bingu International Convention Centre in Lilongwe, Gwengwe highlighted the magazine’s role in providing a diverse marketing platform for Malawian companies. This platform, he noted, aligns with the government’s developmental agenda.

Gwengwe stressed the importance of Malawian companies engaging in mass production of high-quality products to support the country’s industrialization goals. He linked the success of Malawi 2063 to the commitment of local companies in producing value-added products for export. The Minister also revealed ongoing efforts to establish a harmonized online platform for all trade-related business documentation, a move towards embracing digitalization in the global landscape.

Christine Zakeyo, the Principal Secretary in the Ministry of Trade, highlighted the event as a platform for exchanging innovative ideas and solutions to transform Malawi into an industrious nation, creating employment opportunities for the youth. Steve Chinyamula, CEO of the National Product Magazine, described the magazine’s 100th edition launch and award presentation as integral components of a modern business marketing strategy. He recognized companies making impactful contributions to the country’s production evolution. The National Product Magazine serves as a periodical that promotes manufacturing industries among Southern African Development Community (SADC) member states.

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