The Indigenous Business Association of Malawi (IBAM) has faulted a lack of knowledge among business people for perpetrating low production of goods that can be sold on the international market.
IBAM chairperson Mike Mlombwa said that most local manufactures lack knowledge and that is why they are failing to produce goods that can be sold in other countries.
“Bussiness people do not have much knowledge because business people are not given opportunities to travel outside the country so that they learn how to manufacture goods that can compete on the international market,” said Mlombwa.
There are concerns that Malawi’s currency is losing its value as the country is finding it difficult to generate forex to match with import needs.
Some quarters of the society have suggested that government should fix the Kwacha in order to maintain its value.