Entrepreneurs challenged to embrace Buy Malawi Strategy

Buy Malawi Strategy  deputy chairperson Mike Mlombwa, says local producers and manufacturers need to be creative and active if the initiative is to make significant progress.

Speaking in an interview on Monday, Mlombwa, who is also Indigenous Business Association of Malawi (Ibam) president, said successful implementation of the strategy depends on local producers being active.

“While we commend government efforts towards the initiative, lawlessness among stakeholders is challenging the strategy,” he said.

Mlombwa said the trend has resulted in smuggling goods flooding the Malawi market.

Ministry of Industry, Trade and Tourism spokesperson Mayeso Msokera recently said the ministry anticipates more local producers subscribing to the strategy which has registered 70 members.

“Government is aware that some companies are yet to subscribe to the initiative thereby losing a lot of benefits,” he said. The Buy Malawi Strategy, launched in 2016, aims at building competitiveness of enterprises for greater economic growth and increased welfare of the citizenry.