3 September 2014

Malawi: IBAM Welcomes Zero-Aid Budget

Blantyre — The Indigenous Business Association of Malawi (IBAM) has described the Zero Aid budget as a timely necessary measure for Malawi to attain economic independence.

IBAM President Mike Mlombwa was commenting on the 2014/2015 National Budget which will run without support from donors.

In an interview with the Malawi News Agency on Wednesday Mlombwa hinted that it is possible for the country to run its affairs smoothly without any hurdles as long as government empowers the indigenous businesses.

"We have seen other countries running their affairs without getting donor aid, so the Zero aid Budget is a gateway for Malawi to become self reliant.

"However, for this to materialise, I strongly believe that it is high time that government should fully empower and prioritise the indigenous investors because they are also key players of raising economic status of the country," said the IBAM President.

He therefore emphasised the need for mutual understanding between government and indigenous businesses in ensuring that the business environment is benefiting both local and foreign investors in a bid to achieve a common goal of realising much needed economic gains.

Meanwhile, some Blantyre residents have also welcomed the development saying it is high time Malawi started standing on her own.

Patrick Mabughi of Chinyonga Township said it is known fact that Malawi could ably transform her status using local resources.

He added that it is disheartening to note that Malawi at 50 is unable to 'walk' on her own likening it to a child who keeps crawling after some years.

"Imagine a baby born some three years ago but cannot walk, is that not worrying to the mother?" wondered Mabughi.

Sharing similar sentiment, Efrida Mapira a resident of Manja Township described the situation as good for the country.

She said the move will teach people especially leaders to take care of the little resources the country has saying with donors refusing to assist, there is no alternative.

Finance Minister Dr. Goodall Gondwe presented the 2014/2015 national budget amounting to K742.8 billion in Parliament on Tuesday.


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