Mutharika hopes for new Chinese projects: Malawi shunned by western donors, ‘looks east’

President Peter Mutharika is in the People’s Republic of China for a five-day visit that should unveil the next phase of Chinese funded development projects in the country over the next five years.

Mutharika on arrival in China

Mutharika on arrival in China

Mutharika begins China visit

Mutharika begins China visit

Mutharika’s takes the ‘Look East’ policy to Beijing to further trade deals to help rescue Malawi’s ailing economy, which is suffering the effects of an aid freeze by Western lenders following a  growing scandal over government graft known as Cashgate which has been bedevilling the nation since 2005.

Minister of Foreign and International Cooperation George Chaponda described the visit as the start of yet another window of opportunities in the areas of development, trade and investment.

Mutharika said he will hold bilateral talks with the Chinese Prime Minister Li Keqiang “to discuss the second phase of China’s development projects in Malawi.”

“I will also have an audience with several prospective investors that intend to establish new investment projects in Malawi,” said Mutharika.

Mutharika applauds the Chinese Government for playing a significant role in transforming Malawi’s socio-economic landscape since the establishment of diplomatic relations on 27th December, 2007.

Malawi, which depends on mostly Western donors to bankroll most of its development programs, has benefitted a lot of infrastructure development with support of the Chinese – of course most on long term loans.

Notable projects that China has helped Malawi include the New Parliament building in Lilongwe, Karonga-Chitipa –Road and Malawi University of Science and Technology (MUST) at Ndata in Thyolo with a 80 million U.S. dollars loan. The university has been operating since 2014.

Mutharika said China in last October provided his government a credit line of 25 million U.S. dollars in aid for which Lilongwe officials will propose a number of social projects, particularly the building of schools to tap the fund.

China recently pledged more support for Malawi in several areas including education, Health, Agriculture, Transport, Business and Telecommunication.

Other Chinese development projects in the country arethe Presidential Villas in Lilongwe, , a five-star hotel and the Bingu International Conference Centre (Bicc) and the Bingu Stadium, currently in the final phases of construction in Lilongwe.

Mutharika will also attend the global economic forum.

Follow and Subscribe Nyasa TV :

Please share this Article if you like Email This Post Email This Post

More From the World

Sort by:   newest | oldest | most voted
Sambaukwatiwe
Guest

The guy has gone for holiday in China, he is not even mentioned on all the programs on China Central TV

Thinktank
Guest

For the benefit of Malawi, your resignation would be asignificant development iwe peter. shame on you! Sobs!sobs!

Ahoy
Guest

Pitara u are 80 years, are u going to finish paying thz loans?

Ahoy
Guest

Loans n more loans!

macwell Nambuya
Guest

I hope there will be no tribalism in the allocation of those development projects as you are begging in the name of Malawi and not just Lomwe land. Otherwise pakapanda amayi centralregion could have lost the stadium.

...
Guest

Zaaaa zi
Kwacha akugwa kuno chifukwa cha pulofesa wa pa Cypruss University of Texas yu.

Good
Guest

Wina wa nsanje alira chweeeee

jimbo
Guest

I apologise for the misspelling of ‘countries’. It should be ‘country’s’.

jimbo
Guest
How has China ‘played a significant role in transforming Malawi’s socio-economic landscape since…….2007’? Chinese development and support is based on long term loans NOT aid with no strings attached. How do the New Parliament building, the Presidential Villas in Lilongwe, a five-star hotel, the Bingu International Conference Centre and the Bingu Stadium help Malawi’s development? Are the people of Malawi better off as a result of Chinese investment or is the government the chief beneficiary? The kwacha continues to fall against the major currencies, there is a shortage of medicines and educational materials, and the cost of living continues to… Read more »
Concerned citizen
Guest

POWER, POWER, POWER!!!!

wpDiscuz

More From Nyasatimes