Industrialisation of the economy to achieve sustainable development
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Industrialisation remains one of the key aspirations in the country’s long-term development blueprint, Vision Malawi2063.
Since 2020, President Chakwera has realigned government priorities to match this forecast of having a highly industrialised economy by the year 2063.
Most of these interventions are on improving infrastructure, legal and administrative frameworks and sensitization of the populace for every citizen to be part of this drive.
Problems to be solved
The National Industry Policy has been revised waiting for approval processes
Malawi has signed Simplified Trade Regime (STR) Framework with Mozambique which seeks to boost small scale cross border trade between the two countries by creating new economic opportunities for the entrepreneurs and enhancing regional economic integration
President Chakwera assented to the Investment and Export Promotion Act which formally establishes the Malawi Investment and Trade Centre under statute.
Opportunities to unlock
Establishment of industrial parks through Special Economic Zones Program (Magwero in Lilongwe, Matindi in Blantyre, Dunduzu in Mzuzu
Mango exports to the Middle East have increased substantially, from US$47,855.7 in 2021 to US$147,759 in 2024, with countries such as Israel, Kuwait, Oman, and Qatar being key destinations.
Malawi has registered remarkable progress in completing One Stop Border Posts (OSBPs). Mchinji, Dedza and Mwanza OSBPs are now operational whereas construction of Songwe OSB. These facilities are designed to streamline border processes, reducing waiting times and increasing efficiency.