Patridge Urges MITC to Balance Support Between Local and Foreign Investors
Minister of Industrialization, Business, Trade and Tourism, George Patridge, has urged the Malawi Investment and Trade Centre (MITC) to strike a balance between attracting foreign investors and promoting local investment.
Speaking on Tuesday during an interface meeting with MITC management in Lilongwe, Patridge expressed concern that local investors are often sidelined in favor of foreign companies, despite their potential to drive inclusive and sustainable industrial growth.
“What we need are not just beautiful reports but tangible results that can be seen and felt on the ground,”
Patridge said, stressing that the government’s focus should be on measurable impact, not just policy rhetoric.
- Malawi’s economic growth depends on empowering both local and foreign investors.
- The government should focus on measurable impact, not just policy rhetoric.
Author's summary: Patridge calls for balance in investor support.