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Agriculture sector needs more investors— Peter Mutharika

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President Peter Mutharika has said the agriculture sector needs more investors for it to get back into action.

Mutharika was speaking during the opening of the 14th National Agriculture Fair, at the Trade Fair grounds in Blantyre, Wednesday.

He said government recognises the important roles which the private sector and civil society organisations play in agriculture sector.

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“I know you are in the forefront in influencing policy changes. But let me also ask

you one thing: Go and mobilise investors for the sectors. We have enough good ideas. What we need are more investors to recapitalise the agriculture sector and get into action,” he said.

Mutharika also urged commercial banks to come up with tailor-made products that support agriculture.

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“Banks should now reposition themselves to support the entire value chain beyond agri-business. When we make our farmers prosper, everyone, including banks, will prosper,” he said.

He further said the government is doing everything possible to make the business environment conducive; hence, it is able to reduce inflation from 24.6 percent in 2014 to 10.2 percent in July 2017.

Mutharika emphasised that his government will continue improving the economy until every Malawian feels economically comfortable.

“We will continue building a good road network across the country because our farmers need them. We all need good roads, including those who want me to stop developing this country. But for me, this is a point of no return. The economy is turning around and the best is yet to come,” he said.

On his part, Malawi Confederation of Chambers of Commerce and Industry (MCCCI) President, Karl Chokotho, said there is need to minimise interference in the produce markets.

He said this will help unleash the potential of the agriculture sector.

“Whilst at times the interference may be justified, it should really be evidence based, not wanton. As a sector in which the largest proportion of the population is engaged, agriculture has the potential to transform the fortunes of this country, but only if we do the right things,” Chokotho said.

The fair will run up to Saturday, August 19 and is being held under the theme, ‘Unleashing the agriculture potential: The role of markets’.

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