The National Planning Commission (NPC) says it is taking steps to empower young entrepreneurs and all business-minded citizens through facilitating access to financial capital for startups or existing businesses that need a financial push.
This comes as the NPC has organised the Access to Entrepreneurship Finance workshop for entrepreneurs to be held on June 1 and 2, 2022, at Bingu International Convention Centre in Lilongwe.
Addressing the media in Lilongwe on Thursday, NPC director of development planning Grace Kumchulesi said the objective of the workshop is to raise awareness about existing and potential financing facilities for entrepreneurship and provide opportunities for matching great business ideas with finance institutions.
She said: “The workshop comes after noticing testimonies from the youth and entrepreneurs in general that they lack capital opportunities. However, our observation is that financing options are available but that there is information gap as people do not know, hence the workshop to bring together businesses and financiers.”
Kumchulesi said while NPC is inviting everyone who is in business or interested in doing business, they would like to specifically invite young people aged between 18 and 35, since the MW2063 is youth-centric with aspirations to achieve an inclusively wealthy and self-reliant nation by 2063.
Kumchulesi said NPC would like to work with those who would like to take part in the implementation of MW2063 by venturing in viable businesses.
Earlier, Minister of Trade and Industry Mark Katsonga Phiri said government established Malawi Agricultural Industrial and Investment Corporation (Maiic) and the National Economic Empowerment Fund along with other initiatives to provide financing for small-scale businesses for economic development. The conference is supported by, among others, Maiic, National Bank of Malawi, Agricultural Commercialisation and United Nations Capital Development Fund.
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