President Peter Mutharika has said his government’s priority is attracting huge investments and trade as time for donor aid is up.
Mutharika: Focus on trade and investment and not aid
Mutharika said this Monday at Sanjika Palace in Blantyre when minister of Foreign Affairs George Chaponda briefed journalists on his trip to India where he represented Mutharika at India Africa summit.
President Mutharika said the only way out of donor freeze is to attract foreign investment that would create more jobs for Malawians.
In his briefing, Chaponda said India has pledged a lot of aid to Africa, including Malawi.
Chaponda said the India aid package includes 50 000 education scholarships.
The India–Africa Forum Summit (IAFS) is the official platform for evolving negotiations and monitoring parameters of the African-Indian relations.
Malawi is going through serious economic problems because of donors decision to withdraw budgetary support.
Chaponda said he took the opportunity to remind the Indian government of its aid pledges which are yet to be fulfilled.
“Malawi’s participation at the India-Africa Forum Summit was important as it showed Government’s commitment to enhance South-South Cooperation, and specifically its appreciation to India’s cooperation.
“It also presented an opportunity for bilateral discussions at which experience was shared on ongoing partnership activities, attention was drawn on lessons learnt; follow up activities and future needs. Furthermore, Malawi benefited from being considered New lines of credit and grants,” he said.
Malawi has thousands of Indian investors although some of them run huge investments creating thousands of jobs, most of them run shops highly competing with local Malawians.
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Just to let you Mr.APM know that your strategy to solicit funds from China and India is well known to bright Malawians and that is : BIRDS OF THE SAME FEATHERS FLOCK TOGETHER.In short,there is no human rights in China and there is no accountability in India everything is free for all.By all means, the Western Financial and economic orders are second to none in the World,this does not mean that they do not make mistakes,but they are transparent and considerate.For Muthalika’s information,India is reported to have bought a piece of fertile land in Northern Ethiopia occupied by black Africans… Read more »
Nobody will come and invest in a country that fails to meet with electricity demands..even Unilever had to close down…
Foreign investment!? In Malawi really? With all these blackouts and insecurity?? Cum’on Mathanyula u must be dreaming dude, please tell us another joke kkkkkkkk!!!!
This government will never change the image of our country. Kuba basi!
Donor Budget Aid, not the whole Aid in totality! Open your minds get the points; don’t overlook because of anger.
Zovetsa chisoni amalawi tikukonda ndale mmalo mokonda dziko. Pakufunika kupeza njila yoti Malawi ituluke ku msinga za ma donors.njila yake ndi nkhani ya investiment and promotion ngakhale ngati dziko tikukumana ndi mavuto zisatilepheletse kupeza njila zokhazikika kulowa mmalo mwa ma donors.
You can not focus on trade and investment with no infrastructure, unreliable water and electricity supply, deteriorating security, a weakening currency, and no commodities to trade. Keep on dreaming dude!
Mr.Muthalika,who would come into Malawi to invest his finances knowing pretty well that the outcome would be affliction.First and foremost,.corruption has become a culture of the DPP regime.powergrid is among the notorious occurrences in the region,water cuts are part of life in the country and finally,Muthalika’s poor leadership,has drastically plunged the nation into political instability.The fact that Malawi’s economy,is in total shambles,the only saviours,would be the donor nations who are reliable and committed to help poor nations like Malawi and others.51years of nationhood,we have never balanced our budgets,live alone maintaining economic stability.To me,it seems Muthalika is a confused man,right now… Read more »
lets stop supporting tribes but lets all join our hands together to support the better Malawi. to be honest before God this government is taking us no where. no vision no direction no leader. any body can work up to say what ever he want and do anything. and you hate honest people that malawi needs like viola. lets pray for mother Malawi now. but now we dont have a leader in this nation i voted for him thinking that he have the same capacity to deliver as his elder brother and coz he is my tribe. God forgive me… Read more »
We are sinking who will deliver us certainly not MCP mmmmm