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KEY DEV. PARTNERS PLEDGE CONTINUED SUPPORT TO MALAWI’S INDUSTRIALISATION DRIVE

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By Cassim Aubi

Trade, Industry and Private Sector Development Partners TIPDeP TROIKA have pledged to continue providing financial and technical support towards Malawi’s Industrialisation drive and development of Small and Medium Enterprise.

TIPDeP TROIKA leadership representatives Tim Lamont who is Senior PSD Advisor at Foreign, Commonwealth and Development Office, Jose-maria Medina Navarro, EU Acting Head of Cooperation and Cinzia Tecce UNDP Private sector Development Specialist made the commitment on Friday 09th October 2020 when they paid a curtesy call to minister of Industry Honourable Roy Kachale Banda.

Kachale interfacing with dev partners

During the meeting with the minister held in Lilongwe, the delegation said they are keen to support the ministry with financial and technical support in the implementation of various programmes.

They are also willing to support reformation of tax regime and support to the Small and Medium Enterprises (SME) sector specifically.

In his welcoming remarks, the minister of Industry highlighted current priorities of the ministry which include development of various value chains such as leather, dairy, poultry, textile and garments.

He also said government is putting focus on development of special economic zones and said there is need for support especially on the development of special economic zones regulations.

Foreign, Commonwealth and Development Office formerly DFID is the current chair of TROIKA, EU is the outgoing chair and UNDP is the incoming chair.

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