Sunday, October 2

Over 140 companies register for Private Sector Labs

By Staff Writer:

Over 140 local and foreign companies have registered for the first ever Private Sector Labs being championed by President Lazarus McCarthy Chakwera.

On May 20 this year, Chakwera ordered the Presidential Delivery Unit (PDU) to coordinate the Private sector labs alongside the Ministry of Trade and the Malawi Investment and Trade Centre.

Following the announcement, the PDU floated an advert calling for expression of interest from interested private sector players.

Speaking in an interview on behalf of the Head of the PDU, Director at PDU Hendrina Givah said they have received an overwhelming response from both local and foreign companies.

“I can confirm that over 140 local and foreign companies have registered for the first ever Private Sector Labs. These companies are into agro-processing, food processing and manufacturing, industrial manufacturing, financial service providers and energy,” said Givah.

According to Givah, following the closure of the expression of interest period, PDU is now engaging the government side on the issues raised by the private sector players and see how best the two sides can come up with solutions to challenges raised.

“From the private sector players, the major issues that are emerging relate to taxation, access to finance, land ownership, Energy supply as well as lack of clarity on the export procedures as it seems most players are not aware of the procedures involve,” said Givah.

Meanwhile, Givah has said that the meeting which Chakwera had with cabinet ministers and heads of government agencies on Tuesday demonstrates the President’s serious commitment to see to it that the Private Sector Labs become a success.

“Tuesday’s meeting demonstrates a spirit of willingness and excitement to come and meet to engage, dialogue and find solutions together so that the mood is sustained before the launch,” she said.

Chakwera is expected to launch the first ever Private Sector Labs on 21 June.

The Private sector labs are one of the numerous initiatives that government is championing to achieve wealth creation, job creation as well as food security.

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