Malawi Launches Single Digital Portal to Streamline Trade Processes

Malawi has launched the Single Digital Portal to modernize trade processes and improve international market access for local producers. This initiative by the Confederation of Chambers of Commerce and Industry includes online trade document applications and a reduced registration fee to encourage adoption. The platform enhances security through a partnership with the National Registration Bureau for identity verification.

Recently, Malawi launched the Single Digital Portal to streamline trade activities and enhance the country’s international market engagement. This initiative, led by the Confederation of Chambers of Commerce and Industry, aims to modernize trade processes by offering a digital platform for local producers to connect with global buyers.

The platform provides a marketplace for small and medium enterprises (SMEs) and incorporates vital administrative functions such as online applications and the issuance of trade documents, including Certificates of Origin. Such features are expected to simplify procedures significantly.

Minister of Trade and Industry, Vitumbiko Mumba, noted, “This portal will significantly reduce bureaucracy in trade by enabling digital applications for licenses and trade documents. The world is going digital, and Malawi cannot afford to be left behind.”

The initiative also aligns with the Confederation’s digital transformation strategy, which is projected to continue until 2026. Wisely Phiri, president of the Confederation, remarked, “This platform allows manufacturers to obtain certificates of origin online, making it easier for them to export goods and attract international buyers. Previously, businesses had to visit our offices physically, but now everything is streamlined digitally.”

Furthermore, to facilitate platform adoption, the MCCCI has reduced registration fees by 50% for businesses that apply online. The system also integrates identity verification through a partnership with the National Registration Bureau (NRB), ensuring that only verified entities can conduct transactions, thus promoting a secure trade environment.

The Single Digital Portal launched by Malawi emphasizes the country’s commitment to digital transformation in trade. By facilitating online trade processes and reducing administrative costs, this initiative aims to enhance efficiency for local producers and expand their international market access. The collaboration with the National Registration Bureau adds an additional layer of security, ensuring verified businesses can operate seamlessly within this new framework.

Original Source: itweb.africa