The Institute of Chartered Accountants in Malawi (ICAM) says it is high time Malawian started looking beyond the borders for investment and job opportunities as one way of attaining sustainable economic development for the country.<\/p>\n
Presenting a paper on \u201cOpportunities for Transforming Malawi\u2019s Economic Fortunes<\/em>\u201d at a day-long workshop for business journalists in Blantyre over the weekend, ICAM chief executive officer, Evelyn Mwapasa, said Malawi needs to expand its horizon for wealth creation.<\/p>\n \u201cMalawi needs to start taking advantage of regional integration by exploring economic opportunities beyond our borders. If we can\u2019t export to other countries, let\u2019s go there to open businesses and even get jobs,\u201d said Mwapasa.<\/p>\n \u201cMalawi has a very small market which may limit one\u2019s growth economically but regional markets present a much larger market for both investment and jobs,\u201d she said.<\/p>\n She gave an example of Malawian prophet Shepherd Bushiri who, she said, has demonstrated to Malawians opportunities presented by expansions outside the country.<\/p>\n \u201cBushiri could probably not have grown his ministry and business that big had he limited himself to Malawi,\u201d said Mwapasa.<\/p>\n She said even developed countries like Germany have policies that encourage migration as a means of economic growth and that many African countries such as Ghana earn a lot of foreign exchange through huge amounts of remittances from its citizens working and doing businesses outside the country.<\/p>\n Mwapasa also said another area Malawi can look at is the education sector which can be explored to attract large numbers of foreign students to come and study in Malawi.<\/p>\n \u201cWe will not be re-inventing the wheel because before 1994, Malawi was renowned for its quality education and used to attract international students to study at Kamuzu Academy, Malawi College of Accountancy and the College of Medicine,\u201d said Mwapasa.<\/p>\n \u201cWe can review what went wrong and correct the problems so that we can improve and expand our educational facilities to start attracting international students once more,\u201d she said.<\/p>\n \u201cRight now, many wealthy Malawians are sending their children to study in high schools and colleges in Namibia and South Africa because of the quality educational facilities and environments those countries offer. We can do the same here,\u201d said Mwapasa<\/p>\n","protected":false},"excerpt":{"rendered":" The Institute of Chartered Accountants in Malawi (ICAM) says it is high time Malawian started looking beyond the borders for investment and job opportunities as one way of attaining sustainable economic development for the country. Presenting a paper on \u201cOpportunities for Transforming Malawi\u2019s Economic Fortunes\u201d at a day-long workshop for business journalists in Blantyre over […]<\/p>\n","protected":false},"author":3,"featured_media":19959,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-19955","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts\/19955","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/comments?post=19955"}],"version-history":[{"count":1,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts\/19955\/revisions"}],"predecessor-version":[{"id":19960,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts\/19955\/revisions\/19960"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/media\/19959"}],"wp:attachment":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/media?parent=19955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/categories?post=19955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/tags?post=19955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}