Agriculture Minister woos private sector to invest in Agriculture

Lilongwe, The Ministry of Agriculture, Irrigation and Water Development has expressed the need for the private sector across the country to invest in agriculture, in a quest to boost the economy of the country.

Minister of Agriculture, Irrigation and Water Development, Joseph Mwanamvekha, made the remarks on Wednesday in Lilongwe when he opened Malawi Country Agribusiness Partnership Framework (CAP-F) and Investment Facilitation Platform meeting.

The meeting was conducted under the theme: Accelerating Private Sector Participation in the Comprehensive African Agriculture Development Plan (CAADP) Investment Program towards an Expanding and Dynamic Agriculture Sector in Malawi through CAP-F.

The Minister said government is committed to improving the agriculture sector in the country; hence noting that there is need for the private sector to support government in boosting the sector.

As government, we are working hard towards promoting the agriculture sector in the country. We have passed a lot of bills and policies concerning agriculture, however we are calling upon the private sector to help by investing in agriculture, said Mwanamvekha.

He added that, government is also working towards stabilizing the economy of the country by reducing interest rates for the investors and also improving the energy sector particularly the generation of electricity, in order to allow the private sector to establish their companies.

In 2018, the Government of Malawi, through the Ministry of Agriculture, launched the National Agriculture Investment Plan (NAIP), which is medium-term investment framework for the agricultural sector covering five-year period of 2017/2018 and 2022/2023 fiscal years.

Mwanamvekha is confident that the country’s economy would extremely improve if the private sector invested in the agriculture sector.

Once the private sector has invested in agriculture, there will be more employment opportunity and value addition for our agricultural produce, hence this would enhance the economy of the country, he said.

In her remarks, European Union Ambassador to Malawi, Sandra Paesen said the agriculture sector is crucial in promoting the development of the country, noting that 64 percent of the economy in African country is generated through agriculture.

Source: MANA Online