The Reserve Bank Governor Dalitso Kabambe has said the country needs a mode of Public Private Partnership (PPP) deals that could help channel resources towards crucial areas of the economy and social needs of the masses.
Kabambe was speaking at a high-level PPP Conference in Lilongwe, which brought together PPP practitioners and corporate leaders from across the globe to think about solutions for infrastructure development in Malawi.
The conference discussed ways of changing the country’s infrastructure development spectrum through involvement of the private sector while meeting needs of the people.
“Malawi needs a viable public and private partnership especially when it comes to quality infrastructure development, Information Communications Technology Education, social security and energy in order to address the poverty levels. We need to leverage on private sector resources to PPPs as a means of financing our national development needs.” Kabambe said.
According to Kambambe, public resources are so limited to be channeled to all government projects.
PPP Commission Acting Chief Executive Officer, Audrey Mwala, said the first-ever PPP conference will set the country’s agenda for future development.
“Our objective is not only to promote the PPP concept, but also to learn international best practice, educate people about how it works and put Malawi on the world platform as an investment destination open for private sector investment,” Mwala said
National Planning Commission Director, General Thomas Munthali, said PPPs are key to inclusive wealth creation and self-reliance.
“PPPs will be critical where bankable projects can be developed in order to fully harness the land resource opportunities; this is because the private sector can take calculated investment risks especially in large infrastructure like in energy sector if they get full backing of government agenda,” he said
The conference was held under the theme: Public Private Partnerships: Malawi’s Next Big Thing
It offers a unique platform for showcasing of Malawi’s PPP opportunities in key sectors such as energy, transport, ICT, health, water and sanitation.