Indigenous Business Association of Malawi (Ibam) President, Mike Mlombwa, has said that the association is mobilising local entrepreneurs to explore international markets in a quest to increase exports of locally made products.
Mlombwa said local businesses have in the past failed to penetrate such markets because of poor packaging hence the need for them to appreciate how other entrepreneurs are doing in developed economies. “The challenge we have got in Malawi is packaging. We have very good organic products. The only way we can get behind that problem is if we get those producing such products to see what others are doing so that they are able to meet international standards,” Mlombwa said.
He said Ibam has engaged the Malawi Investment and Trade Centre (Mitc), the Buy Malawi Strategy and Air Cargo Malawi to help facilitate in boosting the country’s exports to international markets.
He said that Small and Medium Enterprises (SMEs) have the potential to contribute significantly to the country’s foreign exchange reserves owing to the huge demand on the international market for product that are also produced in Malawi.
“There is a lot of demand for rice, paprika and a lot of products but we are not utilising these opportunities. We have the Emirates coming here with a lot of goods but when going back its empty so we want to utilise those things,” Mlombwa said.
The news comes barely two weeks after the country celebrated the Buy Malawi Day with an aim to encourage consumption of local locally produced goods and services through deliberate interventions.
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