Malawi President Lazarus Chakwera Highlights Economic Growth at International Trade Fair

The 34th Malawi International Trade Fair opened on May 23, 2024, at the Chichiri Trade Fair Grounds in Blantyre, with President Lazarus Chakwera emphasizing the importance of increasing production and exports for the country's economic growth. The event, which runs until May 29, features over 177 local companies and exhibitors from the Southern African Development Community (SADC), India, China, and Europe.

The trade fair aims to provide a platform for local and international delegates and exhibitors to connect, collaborate, and explore new business opportunities. The exhibition showcases various industries and sectors, including manufacturing, technology, agriculture, and value-added services. Orama Chiphwanya, communications executive at the Malawi Confederation of Chambers of Commerce and Industry (MCCCI), stated, "This exhibition will showcase various industries and sectors that exemplify the private sector from manufacturing and technology to agriculture and value-added services. Participants should expect to gain comprehensive insights into the local competitive landscape and make informed business strategy adjustments based on market trends."

The theme of this year's fair is 'Boosting Malawi's export capacity through enhanced production,' reflecting the focus on improving the country's export potential. The event includes a networking dinner, business-to-business meetings, and seminars designed to help participants establish business partnerships and networks.

Blantyre-based entrepreneur Owen Black expressed his hopes of meeting potential investors for his agro-business, highlighting the fair's role in facilitating business growth and investment opportunities. "As usual, we are ready to entertain the people at the Trade Fair with our music. All they can do is just avail themselves to appreciate the products to be displayed at the Fair while enjoying the performance," said Saint Realest, one of the celebrated Malawian artists set to perform at the fair.

Why this matters:

The economic growth of Malawi has significant implications for the country's development and the well-being of its citizens. If successful, the trade fair could lead to increased investment, job creation, and improved living standards for Malawians.

The fair not only focuses on business but also includes entertainment, with performances by Malawian artists Zeze Kingston, Saint Realest, and Piksy scheduled throughout the event. These performances aim to attract more visitors and create a lively atmosphere.

Organized by the MCCCI, the fair also features promotions where patrons can win prizes by completing specific actions. This initiative, along with the live performances, is expected to enhance the overall experience for attendees.

The 34th Malawi International Trade Fair serves as a crucial platform for boosting the country's economic growth through enhanced production and exports. By bringing together local and international businesses, the event aims to foster collaboration and investment, ultimately contributing to Malawi's economic development.

Key Takeaways

• Malawi's 34th International Trade Fair opened on May 23, 2024, at Chichiri Trade Fair Grounds.
• The fair features 177 local companies and exhibitors from SADC, India, China, and Europe.
• The theme is "Boosting Malawi's export capacity through enhanced production."
• The event aims to increase investment, job creation, and living standards for Malawians.
• The fair includes entertainment, promotions, and business-to-business meetings.