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Indigenous SMEs assured of 60% Govt contracts- Malawi Trade Minister Gwengwe

IBAM President Mike Mlombwa

By Mayamiko Phiri

BLANTYRE-(MaraviPost)-The country’s Small and medium and enterprises (SME’s) can now smile as they will be awarded 60 percentage of Malawi Government contacts.

Minister of trade Sostein Gwengwe disclosed this on the sidelines of stakeholders meeting organised by Public procurement and disposal of public assets (PPDA) in Blantyre on Wednesday 19,2020.

Gwengwe express concern to note that local indigenous Malawians are not having their share of the National cake.

He pointed at 2019/2020 national budget whereby indigenous Malawians SME’s were allocated less than 15 percent of the Government contacts.

The minister further said that very soon the regulations will be put in place to complement the bill that was passed in parliament in 2017.

He stated that 60 percent of the Government tenders must be allocated to the locals.

“This will enables the indigenous Malawians to have a meaningful contribution to the economy of the country,” say Gwengwe.

In his remarks, Indigenous Business Association (IBAM) president Mike Mlombwa hailed the government for coming up with deliberately policies to uplift local Malawian businesses.

Mlombwa also said that IBAM will make sure that locals are not been used by some foreigners to get contacts from the 60 percent allocation for Malawians.

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