Parties not keen to protect local firms—Ibam

Indigenous Businesses Association of Malawi (Ibam), a grouping of local business owners, says it is not convinced with political parties strategies to promote and protect indigenous businesses.

The sentiments come as politicians are making promises which include improving the business environment for local businesses to succeed and contribute to economic growth.

In an interview on Wednesday, Ibam president Mike Mlombwa said the  parties’ promises are not new and lack practical implementation strategies.

He said: “We are yearning for a difference this time. It could have been better if they  engaged us in a dialogue to understand our focus to make a difference. Small businesses are an economic engine room for the country, so neglecting us will be suicidal to the economy.”

On his part, Economics Association of Malawi  (Ecama) president Chikumbutso Kalilombe said on Wednesday Ibam’s sentiments are justified, adding that there is need to protect local businesses to boost the economy.

He, however, was quick to caution that small businesses need to have viable and sustainable plans to be supported by government. n