The Malawi Investment Trade Centre (MITC) says the prevailing economic downward spiral offer Malawians more opportunities and that if well utilized may result into growth of businesses and the whole economy.
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| Kumbemba |
Chief Executive Officer for MITC Clement Kumbemba observed that Malawians are failing to see opportunities the prevailing situation has and instead, the foreign investors are the ones making good use of it.
He emphasized that the country’s economy will grow and possibly end some of the problems if the local private sector take advantage of the weakening Kwacha and many other current hurdles through increased production, exports and investments.
“Well, let me say that this is a perfect time for Malawi to fiercely market its opportunities. Many countries in the world developed through private sector capital, and in Malawi most of what you see as gaps are in fact opportunities.” He said
“People talk about the sliding of kwacha and the best way to stabilize Kwacha is basically to pop up production in Malawi, let’s produce so that we are able to export. And the more we export taking advantage of the weakening Kwacha the economy will grow.” Said Kumbemba
In Energy for example, he said “We are seeing more expression of interest in energy by foreign investors because there is a gap and this country has many energy sites. So some of what we see as Malawians hurdles may in fact be what investors are coming here for.”
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