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Wednesday, December 1, 2021

Govt Should Take Private Sector Seriously-Lea

By Carol Mkandawire

Take Private Sector Seriously-Lea

Lilongwe, November 25, Mana: UK Foreign Commonwealth and Development Office (FCDO) Acting Chief Economist, Nick Lea has advised the government that it should take private sector seriously as it the only sector which is employing a lot of people in the country.   

He made the remarks on Wednesday during High-level Roundtable discussion which was organised by National Planning Commission (NPC) in collaboration with the UK Foreign Commonwealth and Development Office (FCDO) and Trade Mark East Africa (TMEA) at Ufulu Gardens in Lilongwe.

The event was held to discuss priority policy options of the recently launched Malawi 2063 First 10 Year Implementation Plan (MIP-1).

Lea said private sector would be the future of Malawi’s wealth and jobs, and government needs to take private sector very serious because most of the jobs come from private sectors.

“Malawi should implement very serious consultation with the private sector and government should make Malawi the easiest place the private sector to invest as it grows job opportunities,” he added.

Lea pointed out that Malawi as a country needs a clear vision for global marketers including the private sector because development involves transitions.

He said that, export rate growth is only way Malawi could develop hence Foreign exchange has to be at the centre for Malawi brands development.

Principal Secretary for Economic Planning and Development, Dr Winford Masanjala said that the private sector are depending on the state for business. 

He said instead of being innovating and growing economy they are scrambling for the little government procurement and government business.

Masanjala further said that private sector remains the engine of broad and government acknowledges that.

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