Mutharika woos Chinese investors to Malawi
President Peter Mutharika has urged Chinese investors to view Malawi as an investment opportunity.
He made the remarks Monday at Kamuzu palace in Lilongwe during an audience with a delegation from the people’s republic of china.
Mutharika said there were many investment opportunities that the Chinese investor can explore and have meaningful investment.
“I have no doubt that during your short stay in the country, you will discover for yourself the many investment opportunities that Malawi presents. You will also discover that Malawi is a perfect place to invest.” He explained.
The Malawi leader said Malawi enjoys peace stability, welcoming attitude and they will find a lot of hardworking Malawians who will provide affordable labour.
Mutharika said, “I can assure you that will never regret investing in Malawi. And once again, welcome to Malawi.”
He said was pleased to note that the delegation was mainly looking at investment opportunities in a number of sectors especially industry, agriculture and education.
“You have made a strategic choice of focus. The three sectors are strategic to Malawi’s economic paradigm shift.” Mutharika pointed out.
The Malawi leader said industry is key to achieving the aspirations of both national Export Strategy and Malawi Growth and Development Strategy.
He said under this strategy the country intends to make Malawi a producing and exporting nation.
Mutharika said presently, the industry remains narrow despite numerous opportunities.
On agriculture sector, he said the sector is strategic because it is the backbone of the country’s economy.
“Much of the agriculture sector constitutes smallholder farmers, accounting for over 70% of all primary commodity production. We need to invest more in large scale commercial agriculture and add value to primary commodities in order to export processed products. We are moving away from the primary commodities that form the bulk of our export at present.” Mutharika outlined.
He added, “I understand that you are particularly interested in developing technical colleges. Technical colleges are strategic because we want to make Malawi an economy with skilled labour. Skills development is a primary necessity for developing Malawi.”
Mutharika said skills education also targets training and empowering the Youth in technical areas.
“By investing in technical colleges and skills education, you are supporting the empowerment of the majority of the population of the Youth. You have strategically focused on area that will touch the lives of many Malawians.” He added
The leader of delegation who is also Vice Governor of the Province of Anhui, Song Wei Ping said the visit has opened the new era of cooperation between the two countries.
He said this will help the two sides to explore investment opportunities for the benefit of the people of the two countries.
The Chinese business delegation has 83 people and is scheduled to attend Malawi-china business investment forum on Tuesday June 21, 2016.
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Muthalika must be extra careful in dealing with devious Chinese Investors who are widely known as crooked and untruthful.Many African countries who had entered into such economic marriages,ended up in ruinous limbo with China ended up in massive financial interests,while African countries remained in worse economic down turn.A vivid instance is unfortunate Zimbabwe once one of the richest African nation’s which has been left bare of its gargantuan resources such as gold,diamond,iron steel,it’s once world scale Tourism Industry has been brought to its knees by Chinese poachers who have literally wiped out elephants,rhinos and lions whose body parts fetches exuberant… Read more »
There is a major market for Chinese handcart wheel-axle sets, as well as Chinese handcarts in Malawi. the 70% of Malawi’s smallholder and subsistence farmers are largely dependent on head loading all of their farm inputs and harvested crops into and out of their tiny fields (~0.7 hectare on average). In addition, all of their domestic water is carried from source to homestead on the heads of women. All of their marketable surplus is head loaded to market or to roadside. The only form of wheeled transport that is both applicable to the subsistence and smallholder farming sector is some… Read more »
I have attentively read your comment, looks like you are relying very much on the government of Malawi to endorse this useful initiative. Take the alternative route
Foreign Investors should be warned of the instability of this
country. Not only the Lawyers are corrupt, but the Judicial
System will never help you as a Foreigner when it comes to
business disputes, land disputes and any civil problems you
will encounter with a Malawian!..
MALAWI IS THE RISKIEST INVESTOR DESTINATION IN THE SADC!..
Anyways it’s a place good for substandard work!.. The Chinese know
what they do is not top quality..good enough for Malawi and Africa
I would not invest my worst enemies money in Malawi…