Ministry of Industrialization, Business, Trade & Tourism - Malawi

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The Ministry of Industrialization, Business, Trade & Tourism is responsible for stimulating growth in domestic and exports of goods and services through private sector development and industrialization.

Government calls for enhanced collaboration among regulators in SADC region. Itaye made the call today during the offici...
06/10/2026

Government calls for enhanced collaboration among regulators in SADC region.

Itaye made the call today during the official opening of the 49th Annual General Meeting of the Committee of Insurance, Securities and Non-Banking Financial Authorities, popularly known as CISNA at the Bingu International Convention Centre (BICC) in Lilongwe.

The indaba has brought together experts from 16 countries within the SADC block such as Mauritius, Seychelles, Zimbabwe, South Africa, Zambia, Angola, among others.

Itaye emphasised that the region cannot afford to have regulation for its own sake; nor rules that live only in files and manuals.

"Our task is to build financial systems that are strong enough to protect a family’s savings; broad enough to finance a young entrepreneur’s dream; and trusted enough to carry Southern Africa towards shared prosperity," he said.

The Minister urged the delegation to ensure that harmonisation called for affordable insurance, flexible retirement products and responsible financial inclusion to protect households, farmers, workers, small businesses and other vulnerable groups from financial shocks, including climate change shocks.

He further encouraged the foreign delegation to sample Malawi’s tourism experience before returning to respective countries.

CISNA Chairperson Kenneth Matomola said the regional meeting is focusing on market development, harmonisation of regulation and legislative instruments, and capacity building among member authorities citing the three as very essential for strengthening regional integration and ensuring that non-bank financial sectors develop in line with SADC objectives.

On his part, Governor of the Reserve Bank of Malawi, George Partridge said knowledge should move across borders just as the risks the authorities strive to regulate, saying some challenges seeming unique to member countries might not necessarily be unique as they may actually be shared.

Theme for the conference is, "A Financially stable region with a harmonised regulatory and supervisory framework for Non-Banking financial institutions."








Government impressed with the growing number of local Malawians investing in the tourism sector.Deputy Minister of Indu...
06/10/2026

Government impressed with the growing number of local Malawians investing in the tourism sector.

Deputy Minister of Industrialization, Business, Trade and Tourism, Edgar Tembo made the sentiments yesterday after visiting a few facilities in Mzuzu.

Tembo said Malawi is experiencing growth and transformation, and tourism has an important role to play in this development, emphasising that local investment means more businesses, more jobs and more opportunities for communities.

"As a Ministry, we are encouraged by the commitment of local tourism players who are helping to drive domestic tourism and showcase what Malawi has to offer. Our focus, therefore, is to create an environment where local investment can thrive, domestic tourism can grow, and the tourism sector can make a greater contribution to Malawi's economic transformation," he said.

Apart from Sunbird Mzuzu Hotel, Tembo visited K-View Boutique Hotel in Lusangazi, N3 Suites in Area 2, Sunbird Mzuzu Hotel and ATM Lodge in Area 4 and he is expected to visit Mzuni Hotel and Rayoni Guest House in Dunduzu this morning.



Agrifood Systems can transform Malawi’s economy-Itaye challenges private sector Government has called for increased priv...
05/10/2026

Agrifood Systems can transform Malawi’s economy-Itaye challenges private sector

Government has called for increased private sector investment in Malawi’s agri-food systems to drive industrialisation, value addition, economic diversification and inclusive prosperity in line with the Malawi 2063 agenda.

Speaking in Lilongwe during the 2026 National Agrifood System Investment Symposium held under the theme, “Unlocking Private Sector Investment for Sustainable Agrifood Systems Transformation in Malawi,” Minister of Industrialization, Business, Trade and Tourism, Simoni Itaye, said Malawi must transform agriculture from a subsistence-based sector into a catalyst for economic transformation.

Itaye said agriculture remains the backbone of the economy, contributing significantly to GDP, employing a large proportion of the population and accounting for over 80 percent of national exports, but the country continues to import processed agricultural products that could be produced locally. He also alluded to the opportunities opened up by the over 1.3 billion consumer base under the African Continental Free Trade Area (AfCFTA) saying Malawi cannot afford to be a bystander.

He thus reaffirmed Government's commitment to strengthening collaboration with the private sector to develop resilient value chains, increase farmer incomes, promote agro-processing and expand export opportunities.

He further called for agricultural production and value addition to be aligned with transport corridors, particularly by identifying products that can be processed locally before being transported to regional markets such as Tanzania and Mozambique. He said such an approach would help reduce import dependence while creating jobs and strengthening Malawi’s industrial base.

Minister of Agriculture, Irrigation and Water Development, Roza Fatch Mbilizi, said the Malawi Legacy Investment Programme has identified seven value chains offering bankable opportunities for private sector investment. The seven include maize, rice, soybean, groundnuts, beef, acqualture and honey. She said the programme will promote an anchor-firm model linking investors and processors with smallholder farmers, aggregators, financial institutions, input suppliers, mechanisation services and domestic, regional and international markets.

Mbilizi said Government will support the model through infrastructure and enabling conditions, including access to land, irrigation, roads, electricity and storage facilities, while encouraging the private sector to take the lead in driving commercialisation.

On his part, President of the Malawi Confederation of Chambers of Commerce and Industry, Ronald Ngwira, said Malawi has the resources needed to build competitive and sustainable agri-food systems, including fertile soils, labour and water, but must urgently remove barriers that constrain investment and trade.

He called for stronger collaboration between Government and the private sector to address challenges such as access to foreign exchange, export permits, financing, infrastructure and disruptions across agricultural value chains.

Meanwhile, Director General for the Malawi Investment and Trade Centre (MITC), Bisa Namarika, outlined investment incentives and facilitation services available to investors, including tax incentives, investment certification, assistance with land identification, government linkages and other measures aimed at reducing the cost and risks of doing business. He urged investors to engage MITC as a single entry point for investment facilitation and government coordination.

The symposium has provided a platform for Government, the private sector, farmers, development partners and financial institutions to critically identify investment opportunities and practical solutions for transforming Malawi’s agri-food systems.

The initiative is expected to strengthen value addition, reduce import dependence, expand exports and contribute to Malawi’s transition towards an industrialised, self-reliant and prosperous economy in line with Malawi 2063.









Just a few hours away! Don't miss! Be part of the journey!
04/10/2026

Just a few hours away! Don't miss! Be part of the journey!

The countdown continues!
02/10/2026

The countdown continues!

SMEs are the engine room for Malawi’s economy-Tembo challenges SMEs in the countryDeputy Minister of Industrialization, ...
02/10/2026

SMEs are the engine room for Malawi’s economy-Tembo challenges SMEs in the country

Deputy Minister of Industrialization, Business, Trade and Tourism, Edgar Tembo has challenged Small and Medium Entrepreneurs (SMEs) in the country to pull up their socks, embrace innovation and technology in order to reclaim their rightful place as key players in Malawi’s economic development through the Industrialization agenda.

Speaking yesterday in Mzuzu during the official opening of the 2026 Mzuzu SMEs Expo and Farmers Market, Tembo said it was impossible to talk about growing Malawi’s economy nor industrialization without talking about SMEs, calling them the engine room of the economy.

Tembo said: “If Malawi is to achieve the aspirations of Malawi 2063, the SME sector must remain at the centre of our development strategy. With over 1.6 million MSMEs employing about 1.8 million people and contributing approximately 40 percent of national GDP, SMEs are not a peripheral part of the economy; they are the economy's engine room.”

He further emphasized the need for SMEs to embrace value addition if the country is to import substitute and get to be an export led economy that can generate high forex earnings through exportation of high value products.

On her part Malawi Confederation of Chambers of Commerce and Industry (MCCCI), Daisy Kambalame emphasized the role of SMEs in job creation, inclusive economic growth as outlined in Malawi’s long-term development plan, MW2063 noting the vital role SMEs should play in realization of this goal.

As part of the Expo, the SMEs will also under go trainings by the Malawi Revenue Authority (MRA) and the Malawi Bureau of Standards (MBS) to equip them with requisite knowledge in their undertaking.

Earlier, Tembo had alluded to the theme for this year’s Expo, “Empowering SMEs as Catalysts for Economic Transformation,” during a Chief Executive Officers (CEOs) Roundtable held ahead of the official opening of the Expo, calling on the CEOs to seriously explore and navigate opportunities of working with SMEs, especially through improved access to financing and equity parnerships, towards tangible economic growth for Malawi.








YES! We can. Be part of the journey!
29/09/2026

YES! We can. Be part of the journey!

Tourism Holds Key to Malawi’s Economic Transformation-says ItayeThe Ministry of Industrialization, Business, Trade and T...
28/09/2026

Tourism Holds Key to Malawi’s Economic Transformation-says Itaye

The Ministry of Industrialization, Business, Trade and Tourism has reaffirmed commitment to promoting Malawi as a premium and competitive tourism destination, with tourism identified as a key sector in driving economic transformation, job creation and investment in line with Malawi 2063.

Speaking in Lilongwe during a parade held as part of activities marking National Tourism Month, Minister of Industrialization, Business, Trade and Tourism, Simoni Itaye, said Malawi has vast tourism potential that requires increased promotion and investment. He highlighted the country’s lakes, mountains and wildlife as some of the attractions that can be marketed to both local and international visitors, noting that the Ministry through the Department of Tourism have been undertaking various activities to promote the country's tourism destinations.

The Minister said tourism is an important component of the national development agenda, describing it as a sector with significant potential to contribute to economic growth without requiring the level of investment demanded in some other sectors. He further emphasized the need for stronger private sector participation in implementing the National Tourism Master Plan, highlighting priority projects including the development of tourism facilities such as the Golden Sands at Cape Maclear in Mangochi, Salima Integrated Waterfront Resorts, Likoma Activity Centre and the proposed Cable Cars project on Mount Mulanje
On his part, Chairperson of the Malawi Tourism Council, Justin Zinkambani, said the tourism industry is making progress, with improvements in infrastructure, including roads leading to tourism destinations, contributing to increased accessibility. He encouraged continued efforts to promote Malawi’s tourism products, noting that the sector has the potential to make a significant contribution to the national economy.

Speaking on behalf of the private sector, General Manager of Amaryllis Hotel, African Tourism Board CEO and Malawi Tourism Council Vice Chairperson, Ramy Waheed, said the private sector remains committed to working with Government to address challenges affecting the tourism industry. He emphasized the importance of creating a conducive investment environment to attract more domestic and foreign investment into key tourism destinations, noting that increased investment would create jobs, generate tax revenue and strengthen the tourism value chain.

September as a deliberately designated National Tourism Month by the Government of Malawi, which follows the commemoration of the United Nations set World Tourism Day of 27 September, has highlighted the importance of collective efforts between Government and the private sector in unlocking Malawi’s tourism potential, promoting investment and positioning tourism as a key driver of economic transformation.







27/09/2026

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Independence Drive, City Centre
Lilongwe

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Monday 07:30 - 16:30
Tuesday 07:30 - 16:30
Wednesday 07:30 - 16:30
Thursday 07:30 - 16:30
Friday 07:30 - 16:30

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+2651770244

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