Categories Uncategorized

President Chakwera commits to youth economic empowernment

Listen to this article
1002198202

President Dr Lazarus Chakwera has assured youth in Ntchisi district that his government is working tirelessly to see that they are economically empowered.

He made the assurance Wednesday during his Stopover in the district where he visited Khuwi, Chinthembwe, Ntchisi Boma, Kamsonga, and Malomo trading centre.

1002198203

The President was responding to concerns raised by different speakers concerning poverty and hunger.

Among others people raised concerns about the high interest rate by the National Economic Empowerment Fund (NEEF), and that the number of youth accessing the loans in the district is smaller than those who need it.

1002198204

There were also concerns about delays in accessing the money for those who had applied and were approved for the loan.

1002198206

In his remarks, President Chakwera said: “I was once a youth like you and I slowly grew economically. It is my daily wish that you, too, should grow the same way I and others did. The government will do whatever it takes for you to grow economically.

1002198205

“Even the farming you do here should have an agri-business approach and one or two bags of fertilizer cannot help you achieve that. All your concerns have been noted and relevant authorities will address them.

1002198208
  • EU Approves K271 Billion Development Package for Malawi
    Share Listen to this article By Suleman Chitera The European Union (EU) has approved a massive €143 million (approximately K271 billion) development support package for Malawi, in a significant boost to the country’s long-term economic and social development efforts. The funding, confirmed by European Union Ambassador to Malawi Daniel Aristi, will be invested in three…
  • Dzombe claims the country’s ground environment is not conducive to investors
    Share Listen to this article By Vincent Gunde Owner of the yet to be given full license for fertilizer manufacturing company in Dowa district Dr. Napoleon Dzombe, has claimed that the environment on the ground is not conducive to investors to start their businesses in Malawi. Dzombe said he went to Mozambique where he was…
  • Batatawala Wanted as Police Probe Multi-Million Property Transfer Scam Allegations
    Share Listen to this article By Lyton Chimalizeni Malawi’s Fiscal Police have launched a manhunt for controversial businessman Abdul Karim Batatawala after he allegedly failed to appear for questioning in an investigation involving suspected property fraud, forged documents and money laundering. Authorities have also named Maaz Karim, Hassan Hussein Jussab, Hassan Jussab, Steven Kajombo, Marion…
  • FDH Bank Plc, Ekhaya Group sponsor Gwamba’s ‘Landlord Pakwao’ concert
    Share Listen to this article By Suleman Chitera FDH Bank Plc, in partnership with Ekhaya Group have sponsored musician Gwamba’s upcoming ‘Landlord Pakwao’ concert to support creativity and entertainment in the music industry. The concert, which will feature Nigerian artist Ruger as a co-headliner, is scheduled for August 1 at Bingu National Stadium (BNS) in…
  • Minister hails NBM Plc’s K100 billion Golomoti–Monkey Bay Road loan financing
    Share Listen to this article By Suleman Chitera Minister of Transport and Public Works, Jappie Mhango has commended National Bank of Malawi (NBM) plc for providing a K100 billion loan facility to finance the reconstruction of the Golomoti–Monkey Bay Road, saying the project will improve transport and boost economic activity between Dedza and Mangochi districts.Corporates…

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like