Minister of Local Government and Rural Development Ben Malunga Phiri has hailed government’s planned construction of modern markets in seven districts as a game-changer that will transform rural trade and improve economic opportunities for thousands of Malawians.

Phiri said the project, which will be financed by the International Fund for Agricultural Development (IFAD), is a strategic intervention aimed at modernising market infrastructure, empowering communities and strengthening inclusive economic growth.

“Never in the history of this country has an administration taken such a strategic step to ensure Malawi catches up with the rest of the region in the quality and operation of rural market systems,” said Phiri in recent interview with a local media.

He said the new markets will improve access to trading spaces for farmers, traders and small businesses, while enhancing service delivery and increasing commercial activity in the targeted districts.

Government has earmarked Blantyre, Lilongwe, Mzuzu, Chitipa, Nkhata Bay, Dedza at Chimbiya and Thyolo for the construction of two-storey market structures during the 2026/27 financial year.

President Arthur Peter Mutharika announced the initiative during the opening of the 2026/27 Budget Meeting of Parliament, describing it as part of government’s broader agenda to strengthen trade and stimulate economic growth.

The development has been welcomed in Nkhata Bay, where the area’s Member of Parliament, Symon Vuwa Kaunda, said the project would improve business conditions and create new opportunities for traders.

“The President is walking his talk. This is a clear indication that promises made to Malawians are being implemented for the benefit of communities,” said Kaunda.

He said the modern market would improve sanitation standards, enhance the organisation of trading activities, boost council revenue collection and create a conducive environment for business growth and investment.

Kaunda also disclosed that discussions are underway with the district council to identify land for the facility, with part of Mkondezi Forest being considered as a possible site.

The government says implementation of the project is expected to commence during the 2026/27 fiscal year as part of efforts to achieve the MW2063 development agenda through improved infrastructure and expanded trade opportunities.