Mutharika going to Malta for Commonwealth summit: Next stop, London

President Peter Mutharika is all geared for probably some of his crucial assignments when he heads to Europe this month-end for among other events, the 24th Commonwealth Heads of Government Meeting (CHOGM) slated for November 27-29 in Malta.

Mutharika:  Heads to Malta for CHOGM and London for investment forum

Mutharika: Heads to Malta for CHOGM and London for investment forum

Crucial because among his key events will be selling of Malawi as an investment destination for global investors attracting foreign investment in the process.

The Malawi leader is expected to lead the Malawi delegation at an investment promotion session to be held on the sidelines of CHOGM.

Since he attained the Presidency, Mutharika has prioritized foreign direct investment (FDI) as one of the key precursors of Malawi’s development.

Also a main feature on his schedule is the presentation of a key-note address on how Commonwealth countries can improve access to health services.

He will in his speech, wzero in on how Commonwealth’s diverse experience and expertise in the health sector can be harnessed to improve systems and outcomes for patients.

Malta is hosting the Commonwealth Heads of Government Meeting for a second time, having successfully done so in 2005.

The Commonwealth is a voluntary association of 53 independent states with a combined population of 2.2 billion. The association came together in 1949, after the decolonisation of the British Empire. Symbolically headed by Queen Elizabeth II, the Commonwealth includes some of the world’s largest, smallest, richest and poorest nations.

London summit

The President already disclosed that he will go to London in December  for an African investment forum.

The Global African Investment Summit will attract over 1,000 qualified global investors and will be held at Central Hall, Westminister in London from December 1 to 2.

Malawi sent a delegation which included the Minister of Industry and Trade, Joseph Mwanamvekha and Clement Kumbemba, CEO of the Malawi Investment and Trade Center to London in July for a series of meetings with over 25 interested FDIs from the UK, Germany, the USA, Singapore, Latin America and China, amongst others to understand investor requirements ahead of The Global African Investment Summit .

Mutharika will be among some African Presidents who will present to potential investors.

The African summit moves beyond the conventional discussion on the need for change in Africa. Instead, the event provides a business platform, offering African governments and companies the chance to present their investment projects to a diverse audience of global businesses interested in long-term investment in Africa.

Malawi is party to a number of regional and international trade agreements that have proved to be enormous benefits to new and existing investors.

One of the attractions of Malawi is the freedom of entry and exit in terms of investment in the country.

The government of Malawi does not impose restrictions on the ownership or location of investment and welcomes FDI in all sectors of the economy except for those that may pose a danger to health, the environment or the security of the nation.

Foreign exchange operations in Malawi are governed by the Exchange Control Act. Investors are permitted full remittance of dividends, investments capital on repatriation, interest and principal payments for approved international loans.

This year’s two-day summiy programme will be addressing the theme of ‘Transforming African Economies for Global Competitiveness.’ –Additional reporting by Thom Chiumia, Nyasa Times

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wakulu
Guest

Ntchito kuyenda yenda nxiiiieeeew!!!!!!! the thunder that will strike you peter is still doing push-ups

Commenter
Guest

Funny how the very same publicists are always keeping track on how the president and his vp are leaving the country to solve very critical matters. Same thing happened during JB era, and they kept on talking about her globe trotting when in fact she was working.

Njala Nsanje ndi Nthenda
Guest
Njala Nsanje ndi Nthenda

Composer of Mw national Anthem was very wise. He knew that even mtchalichi Njala Nsanje ndi Nthenda ndi adani zedi. Koma amalawi tikuyetsetsa pa nsanjepa zedi. Ndaonera omwe anali abusa.

Pete Nyandoro
Guest

The business of luring investors is not for the President. He has a team of Ministers why can’t he involve Minister of Trade to do that? This is just one way of claiming allowances, exactly what Joyce Banda was doing distributing flour and goats to justify her claims for allowances. This is another form of cashgate

ben phiri
Guest

Apite ngati amava zonena anthu koma azadzliona 2019 atakanidwa ndi nkhuku zomwe

Mpumulo wa Bata wayandikila
Guest
Mpumulo wa Bata wayandikila

I think Saulos Chilima is more articulate than. Mathanyula or Chaponda, he is the one who should be delegated to these important forums because he is the only one with good sense in this administration

chemwali kulibe
Guest

The president said ‘Forget about donors , am going to attend the summit to lure investors and yet you say we will have enough power in 2018-what a apeech from useless leader!!!!!Nonsense.You are going for xmas shopping with your supporters-fotseki!!! You think you are using money from your pocket? The worst president Malawi has ever had I cry for my beloved country the same way Mbendera did when he corruptly gave presidency to APM.

Jim Jones Phiri
Guest

Iwe Pitala, do not make me laugh. How can you lure investors while you do not pay attention to basic infrustructures required for investments such as power supply ( ma black out is order of the day), digital factors such as internet, lack of security, road networks, and even water supply. Take your fucking profession to the drawing board.

Nangozo
Guest

ulendo wabwino bambo.

Patriot
Guest

The WORST UNPATRIOTIC LEADER MALAWI EVER HAD.
AKUTITHERA CHUMA UYU, ANGOKHALIRA KUYENDA YENDA.
Mafuta a galimoto petulo ndi dizilo ayamba kusowa.

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