17/06/2026
I only have one thing to say-says Itaye
As Government and Private Sector strengthen partnership to drive industrialisation for Malawi’s economic growth through a Joint Launch of the Country Private Sector Diagnostic (CPSD) and the reformed Public-Private Sector Dialogue Forum (PPDF) in Lilongwe, today, Minister of Industrialization, Business, Trade and Tourism, Simoni Itaye said he only had one thing to say.
"We do not have time. We have spoken enough. We have discussed enough. We have carried a number of surveys on what we need to do in order for us to move as a nation. So, the only thing I can say is, it is time for action," said a composed Itaye.
"My Ministry has defined Industrialization to mean two things; import substitution and export diversification. And I, with my team at the Ministry, fully understand that this can only be achieved through a closer and more enhanced collaboration with the private sector. And that is what we have set out to do, " he emphasised.
The Minister said his Ministry, and indeed, Government was ready to work on the findings and recommendations by the CPSD and that the New Public-private Sector Dialogue forum offered that missing link.
According to Itaye, the CPSD provides a roadmap for unlocking private investment, creating jobs and addressing barriers to business growth. He noted that Government will utilize the findings to strengthen public financing, improve infrastructure and implement reforms that support industrialisation, trade competitiveness and economic transformation.
Itaye further described the reformed PPDF as a new era of collaboration between Government and the private sector, aimed at accelerating investment, promoting regional trade and improving the ease of doing business.
Making his contribution during a panel discussion, Secretary for Industrialisation, Business, Trade and Tourism, Wiskes Nkombezi, emphasized the need for accountability, inclusiveness and effective implementation of reforms.
He observed that previous dialogue mechanisms had generated important recommendations but often fell short at the implementation stage. Nkombezi said the reformed PPDF sector-specific technical working groups will bring together businesses, regulators and government institutions to identify bottlenecks affecting investment and develop practical solutions to address them with candid.
Speaking on behalf of the private sector, President for Malawi Confederation of Chambers of Commerce and Industry (MCCCI),
Ronald Ngwira, welcomed the launch of the CPSD and PPDF, describing them as important tools for advancing Malawi’s economic recovery and industrialisation agenda.
He highlighted challenges facing businesses, including foreign exchange shortages, high financing costs, unreliable energy supply and rising production costs, and called for decisive reforms to enhance competitiveness and attract investment.
Ngwira further noted that sectors such as agriculture, manufacturing, mining, tourism, renewable energy and digital services present significant opportunities for economic transformation. He emphasized that successful implementation of the CPSD recommendations will require strong partnerships, accountability and sustained dialogue between Government and the private sector.
The launch of the CPSD and the reformed PPDF marks a significant milestone in strengthening public-private cooperation and advancing Malawi’s industrialisation and wealth creation agenda. The initiative is expected to support investment, job creation, export growth and economic resilience in line with the aspirations of Malawi 2063 and the National Economic Recovery Plan.
Participating at the joint launch were Ministers of Finance, Natural Resources, Agriculture, Justice, Defence and Labour, including the Division Director for Word Bank, Firas Raad.