Principal Secretary (PS) in the Ministry of Industry and Trade, Ken Ndala has said the US- Africa Business Summit is very crucial for Malawi.

According to Ndala, the summit is an opportunity for the growth of Malawi’s business sector.

“There is an opportunity for Malawi business sector to grow since the summit will draw a lot of experts, businesspeople and government authorities from Africa to interact with counterparts from the United States who want to link up with Africa including Malawi,” said Ndala.

The PS  further said that Malawi has been benefitting from such summits citing AGOA as one example of these benefits.

“For the past 16 years with AGOA, Malawi has been benefitting by exporting soya beans, textile and other commodities to different countries,” said the PS.

The summit will be opened by His Excellency Filipe Jacinto Nyusi, President of the Republic of Mozambique and will draw various African Heads of State.