A study has shown that Malawi is facing challenges in processing cotton seed to make products like cotton seed oil and because of this, the seed is being
MINISTER: Peggy Serame
A total of 10 951 jobs were created last year against a target of 11 400 that was set.
This was revealed by the Minister of Investment, Trade, and Industry, Peggy Serame during a media briefing on Tuesday.
Highlighting her ministry’s achievements in the past year, Serame noted that the ministry was able to attract a total of P773.56 million in Foreign Direct Investment (FDI) between April 2020 and December 2020.
This was short of the annual target of P2.3 billion in FDI while Domestic Investment amounted to P1, 816 billion, still short of the annual target of P3.5 billion.
Due to the outbreak of the COVID-19 pandemic, Serame said the ministry departments, as well as parastatals, were also not able to achieve their targets having facilitated just 532 start-ups against a target of 1, 015.
The Acting CEO of the National Youth Authority, Mr. Nelson Owusu Ansah has said considering the role of agriculture as a key pillar in enhancing socio-economic transformation in Africa, there is a critical need for African governments to create appropriate linkages along the value chains, from backward (raw product stage) through critical investments to ensure a viable and sustainable forward (processed or value added stage) and even side-stream linkages, not only to ensure and improve the growth of the agriculture sector, but also to maximize returns on investments, spur innovation and ultimately reward young people who venture into agribusiness.
Mr. Owusu Ansah made these remarks at the National Validation Workshop – Baseline study on employment opportunities and prioritization of activities for engagement of Youth in Agribusiness on Thursday 14th January 2021, at the Ministry of Food and Agriculture Resource Center in Accra.
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