Malawi Government says formal rural markets could help spur economic growth among the local communities as markets provide a convenient place for trade and other business transactions.
Malawi’s Minister of Local Government Grace Maseko said this last week when she officially handed over the K17 million (about $40.4m) Mzimba Boma Market, which has been constructed with a revolving fund from the development fund for local authorities (Dfla).
Phase one construction of the market consisted of a brick fence perimetres and 15 kiosks.
“Well-established markets could be a catalyst for economic growth and improve their livelihoods. Formal markets are a readily available market for farm produce and other products; hence facilitating money circulation for the local communities,” she said.
Maseko said it is against this background that her ministry is constructing formal markets across the country such as Enukweni, Ekwendeni in Mzimba, Nkhamenya in Kasungu, Thyolo, Bvumbwe and Mangochi, in among other areas.