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    CHAKWERA STORMS MZUZU MARKETS, PROMISES TO BOOST VENDORS’ BUSINESSES

    President Lazarus McCarthy Chakwera took advantage of his visit in the northern region to interact with vendors in Mzuzu main market as well as a small one popularly known as Vigwagwa today morning.

    Key in his message to Mzuzu vendors was the assurance by his government to support them with loans through the National Economic Empowerment Fund (NEEF), as a way of boosting their businesses.

    Chakwera indicated that the government has set aside K80 billion which vendors are liberty to access and do away with business capital limitations.

    “I know many of you are struggling to find capital for your businesses. What we have done by putting aside K80 billion towards NEEF, is a step we are taking to help our vendors. Do not lose hope. Our economy is now back on track, said Chakwera.

    The Malawi leader also promised vendors that he will see to it that part of the 30% of the 2024/2025 budget allocation towards development projects benefits vendors as well through construction of modern market structures.

    “For the first time in the history of this country’s budget, 30% is going towards developmental projects. Through this we will ensure the old structures in our markets are rebuilt so they don’t end up hurting people,” he said.

    Having noticed the huge gap between the rich and the poor citizens due to unscrupulous people who benefit from others toil, Chakwera promised to bridge this margin. He said that he will ensure that everyone develops regardless of their status in society.

    Chakwera reiterated his government commitment to construct a new Mzuzu International Airport to be named Orton Chirwa International Airport in order for tourists and business persons to divorce dependence on Kamuzu International Airport in Lilongwe.

    Speaking on behalf of Mzuzu vendors, Gerald Maulana, Chairperson for Vigwagwa Market, lauded Chakwera as a humble leader who has demonstrated humility through the interaction with the vendors.

    Another person who was given chance to speak was Mzuzu City Member of Parliament, Bennex Mwamlima. The lawmaker praised the Malawi leader for unparallel development in the presence of multiple challenges that Malawi is encountering.

    According to Malawi Vision 2063, Enabler Number 4: Private Sector Dynamism, Malawi shall ensure that private sector participation does not discriminate against older persons, youth, women and persons with disabilities. It goes on to say that the Government shall put in place conducive policies and legal frameworks, enforce compliance, address infrastructure gaps, address market and coordination failures; and promote innovations. Thus, business shall not be inhibited by unnecessary regulation and bureaucracy.

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