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MCTU urges government to support entrepreneurship among the youth

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Malawi Congress of Trade Unions has advised government to support entrepreneurship among the youth rather than just focusing on community colleges if Malawi is to achieve meaningful job growth that will lead to poverty reduction.

In a statement, MCTU says it has conducted research which shows that youth entrepreneurship has the potential to bring about growth in the economy but that small enterprises lack the required support to formalise and build their businesses.

MCTU says supporting productive entrepreneurship would require a wide range of policy interventions aimed at alleviating underlying economy specific constraints.

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“Now that government and other stakeholders recognise that entrepreneurship can be a huge contributor to economic growth, it must effectively begin to support efforts and initiatives that encourage innovation and enterprise development,” part of the statement says.

In its maiden labour force survey released last year, the National Statistical Office put the unemployment rate in Malawi at 21 percent.

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