Entrepreneurs Challenged to Embrace Buy Malawi Strategy
Local producers have been challenged to be creative and pro-active if the Buy Malawi Strategy is to make a significant contribution in the face of increased smuggling of goods from other countries.
This is according to Deputy Chairperson for the Buy Malawi Strategy, Mike Mlombwa, who told Zodiak Online that successful implementation of the strategy depends on activeness of local producers.
“While we commend government efforts towards the initiative, lawlessness among stakeholders is challenging the strategy,” Mlombwa says.
Mlombwa says the trend has resulted to increase in smuggling of foreign goods flooding Malawi markets over locally produced products.
However, spokesperson for the Ministry of Industry, Trade and Tourism, Mayeso Msokera, says the ministry anticipates more local producers to subscribe to the strategy which has currently registered 70 members.
“Government is aware that some companies are yet to subscribe to the initiative thereby losing a lot of benefits," he says.
Msokera has since urged local companies as well as small and medium enterprises to make use of the strategy as more opportunities awaits them.
Malawi launched the Buy Malawi Strategy in 2016 thereby giving hopes to small and medium enterprises of available market for their goods and services.
The strategy aims to build enterprise competitiveness leading to greater economic growth and increased welfare for all Malawian citizens.