{"id":51326,"date":"2023-10-25T20:10:17","date_gmt":"2023-10-25T20:10:17","guid":{"rendered":"https:\/\/www.africa-press.net\/malawi\/all-news\/uks-10m-project-to-unleash-malawis-export-potential"},"modified":"2023-10-25T21:52:04","modified_gmt":"2023-10-25T21:52:04","slug":"uks-10m-project-to-unleash-malawis-export-potential","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/malawi\/all-news\/uks-10m-project-to-unleash-malawis-export-potential","title":{"rendered":"UK\u2019S \u00a310m project to unleash Malawi\u2019s export potential"},"content":{"rendered":"

Africa-Press – Malawi. <\/strong><\/span>The United Kingdom (UK) has launched a \u00a310million project, the Malawi Value Chain (MVC), which is to run from 2023 to 2028 aimed at encouraging foreign and domestic investment and increase the value of Malawi\u2019s exports \u2014 especially in high value export sectors.<\/p>\n

A statement from the British High Commission in Lilongwe says the MVC will focus on three value chains \u2014 macadamia, mango and mining.<\/p>\n

The UK believes MVC will contribute greatly to increasing Malawi\u2019s narrow export base, thereby increasing the supply of foreign exchange and creating strong jobs and revenue in the country.<\/p>\n

The project aligns well with MW2063\u2019s First 10-year Implementation Plan (MIP-1), which among other things focuses on agricultural diversification and promotion of exports.<\/p>\n

The statement quotes Deputy Chief Economist in the Foreign, Commonwealth and Development Office (FCDO), Nick Lea as saying: \u201cUK believes passionately in Malawi\u2019s economic prospects.<\/p>\n

\u201cDeveloping new high-value agricultural exports, and building an industrial base around these, is key to Malawi\u2019s prosperity and the creation of jobs across multiple sectors of the economy to benefit from Malawi\u2019s considerable agricultural potential and hard-working labour force.<\/p>\n

\u201cToday\u2019s launch of the Malawi Value Chain programme will work flexibly on the issues holding back industrial transformation in the selected high value export sectors \u2014 macadamia, mangoes and mining \u2014 while adapting to the needs identified by the private sector players who must drive this growth.\u201d<\/p>\n

Gracing the occasion on Tuesday was Minister Trade & Industry, Sosten Gwengwe, who said through Export Strategy II, the Malawi government is committed to private growth buying removing barriers faced by the industry.<\/p>\n

He added that the government was committed to expanding value chains in agriculture, tourism and mining.<\/p>\n

The launch follows the completion of a 6-month inception phase of the project where scoping and needs assessments were carried out to identify the gaps and the value chains for the programme to focus on.<\/p>\n

Specifically, the MVC will expand commercial off-taker models in high value export sectors; improve access to productivity enhancing techniques and invest in management capacity.<\/p>\n

A component of the UK\u2019s \u00a339m Malawi Trade & Investment Programme (MTIP), the MVC is also expected to pilot new business approaches as well as improve supply chain management and standards.<\/p>\n

The MTIP aims at stimulating a step change in Malawi\u2019s growth by promoting higher value exports, cutting time and cost to trade and promoting international and domestic investments.<\/p>\n

MTIP is executing this project \u2014 which is being implemented by Adam Smith International and Kadale Consultants \u2014 by addressing key market failures, constraints, and barriers to trade around policy, tariffs and infrastructure.<\/p>\n

In June, when the UK introduced a new post Brexit trading scheme for least developed countries (LDCs), the Malawi High Commission emphasized that it would benefit Malawians to grow in trade and business.<\/p>\n

The British High Commission spokesperson, Benson Linje told the media then that individuals who do different businesses in the country would be able to export various products to the UK on a duty free basis.<\/p>\n

\u201cWe have been crying for trade not aid in Malawi,\u201d he to Malawi News Agency MANA in June. \u201cSo the new scheme will help business Malawians to grow and trade in the UK. This opportunity has come at a right time and Malawians will be able to export goods to the UK without paying tariffs.\u201d<\/p>\n

While nodding to Linje\u2019s observation, macroeconomic expert at University of Malawi, Innocent Makuta told MANA that Malawi could take advantage of the new post Brexit trading scheme only if Government could enact deliberate measures to support companies and individuals who may wish to venture into this arrangement.<\/p>\n

\u201cGovernment must deliberately put in place measures to support companies and individuals that wish to export goods under this arrangement,\u201d Makuta was quoted as saying.<\/p>\n

\u201cThis may include helping with identification of markets, targeted subsidies for such exports, and provision of assistance on administrative requirements for such trades.\u201d<\/p>\n

For More News And Analysis About Malawi<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Malawi. The United Kingdom (UK) has launched a \u00a310million project, the Malawi Value Chain (MVC), which is to run from 2023 to 2028 aimed at encouraging foreign and domestic investment and increase the value of Malawi\u2019s exports \u2014 especially in high value export sectors. A statement from the British High Commission in Lilongwe […]<\/p>\n","protected":false},"author":84,"featured_media":51325,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,8,12],"tags":[233,371,234],"class_list":["post-51326","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-homepage-english","category-policy","tag-africa-press","tag-africa-press-malawi","tag-malawi"],"yoast_head":"\nUK\u2019S \u00a310m project to unleash Malawi\u2019s export potential - Malawi<\/title>\n<meta name=\"description\" content=\"The United Kingdom (UK) has launched a \u00a310million project, the Malawi Value Chain (MVC), which is to run from 2023 to 20 ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/malawi\/all-news\/uks-10m-project-to-unleash-malawis-export-potential\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UK\u2019S \u00a310m project to unleash Malawi\u2019s export potential\" \/>\n<meta property=\"og:description\" content=\"The United Kingdom (UK) has launched a \u00a310million project, the Malawi Value Chain (MVC), which is to run from 2023 to 20 ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/malawi\/all-news\/uks-10m-project-to-unleash-malawis-export-potential\" \/>\n<meta property=\"og:site_name\" content=\"Malawi\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-25T20:10:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-25T21:52:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2023\/10\/sm_1698257125.64408.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"451\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/uks-10m-project-to-unleash-malawis-export-potential#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/uks-10m-project-to-unleash-malawis-export-potential\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"UK\u2019S \u00a310m project to unleash Malawi\u2019s export potential\",\"datePublished\":\"2023-10-25T20:10:17+00:00\",\"dateModified\":\"2023-10-25T21:52:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/uks-10m-project-to-unleash-malawis-export-potential\"},\"wordCount\":671,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/uks-10m-project-to-unleash-malawis-export-potential#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2023\/10\/sm_1698257125.64408.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Malawi\",\"Malawi\"],\"articleSection\":[\"all news\",\"homepage-english\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/malawi\/all-news\/uks-10m-project-to-unleash-malawis-export-potential#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/uks-10m-project-to-unleash-malawis-export-potential\",\"url\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/uks-10m-project-to-unleash-malawis-export-potential\",\"name\":\"UK\u2019S \u00a310m project to unleash Malawi\u2019s export potential - 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