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Malawi develops agricultural investment proposals

February 16, 2024 / Wahard Betha
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The Ministry of Agriculture says it has developed investment proposals on ventures for production of some agricultural commodities following the comprehensive analysis and consultative process conducted in all regions of the country.

Minister of Agriculture Sam Kawale announced the development during the National Agriculture Investment Forum which was held in Lilongwe to support the Hand in Hand initiative being championed by the Malawi government in support of Food and Agriculture Organization of the United Nations (FAO-UN).

Kawale explained that the investment proposals were presented at a global platform during the Hand in Hand Investment Forum in Rome, Italy, and the proposed investments are in areas  including, rice, banana, dairy, fisheries, and aquaculture value chains.

He said: “The Ministry of Agriculture recognized that for a successful implementation of the initiative, you and I need to take a leading role in mobilizing resources and providing technical support so that we move Malawi to be a wealthy and self-reliant nation.”

“This investment forum is critical to transforming the Agriculture Sector as we answer how to boost the sector’s contribution to economic growth.”

“In searching for solutions, we have always sought answers from various stakeholders to make suitable investments.”

“I therefore urge you to continue with the commitment you have shown so far by being part of the team to transform the agricultural sector.”

Kawale said the agriculture sector remains critical to achieving the better Malawi as stipulated in the national vision, the Malawi 2063 (MW2063).

He said this is consistent with the National Agriculture Policy (NAP) and the National Agriculture Investment Plan (NAIP), which seek to transform and commercialize the agricultural sector to achieve food, nutrition and income security.

Kawale also stressed on the need for a collaborative approach between the government and the private sector.

“Our agenda today is to empower agriculture sector players to attract sector investment and explore opportunities for capital investments in various value chains developed under the Hand in Hand Initiative (HiHi). The Initiative has provided Malawi with an opportunity to map out investment options,” he said.

In his remarks, FAO-UN Representative in Malawi, George Phiri said their support towards the Hand in Hand Initiative was to ensure that the Malawi is using agricultural technology and sustainable ways of agricultural investment in eradicating hunger.

Phiri also urged investors, both local and international, to pump in more capital in farming to gain more profits as well as employ more labour.

This year’s Agricultural Investment Forum was organized under the theme of ‘Supporting Food Systems Transformation through Informed Agricultural Planning and Investment.’

The Hand in Hand initiative was established to address the food crisis and support the goals of eradicating poverty (SDG1), ending hunger and malnutrition (SDG2), and reducing income inequality (SDG10), by boosting agricultural transformation and sustainable rural development.

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