Experts differ on gains from Russia-Africa summit: Malawi urged to seize opportunities Russia presents

Experts have differed on the gains Malawi is to get from the first ever Russia-Africa summit which President Peter Mutharika is attending in Sochi, Russia.

President Mutharika after holding private talks with Russian President Vladimir Putin

George Phiri, a political scientist at the University of Livingstonia said no investors can come to Malawi in the present political atmosphere.

“Malawi is not yet ready for international investors because of the current political atmosphere, we need to deal with this political impasse first before inviting the investors,” said Phiri.

He said international investors are not interested in countries rocked with political turmoil, violence, bad governance, corruption, no rule of law, lack of transparency and accountability which he said is the situation in Malawi.

However, an economist Ben Kalua from University of Malawi at Chancellor Collge  said Malawi should seize the opportunity in Russia to woo investors in various sectors.

“Russia is now opening up to Africa and Malawi should seize this opportunity,” he said.

Kalua hoped Malawi would seize the opportunity for greater partnership and collaboration offered by Russia.

Many Russian corporates and state-owned enterprises had also been invited to participate in the economic forum and to meet business people from Africa.

Apart from the summit, there would also be an economic forum which would look at partnerships, at economic co-operation and at business-to-business opportunities.

Russia’s objective for the summit was to intensify and enhance its co-operation with countries on the African continent. All African countries had been invited.

The Russia-Africa summit opened on Wednesday.

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William Chirwa
4 years ago

Some of these so called political sciencetist are surely not there. Russian policies and with extention Chinese policies are not akin to those of the west which demand good governance. human rights blablabla and investing in Malawi will have no strings attached. An example is the Chinese see what they have done. So Mr sciencetist should go and do the research correctly no wonder we are not developing poor minds misquandering as ehh

joseph Banda
joseph Banda
4 years ago

I totally agree with Ben Kalua a seasoned Economist not what the so called Political Scientist is KULUBWA LUBWA. If you do not know Russians or Chinese like to go areas like DRC to invest and I do not think Malawi is that bad. Which political tensions are you talking about? Izi za a Chakwera ndi Saulos, ndiye ayi. Let them tune radios and listen to really men of the opposition in SA. Resigned and said “let others carry on to win elections”. We have the laws of the land, we apply them through courts and you engage in criminal… Read more »

4 years ago

Investors can come with mbaula to sell to msudwe boys!!!! It ll depends on what what type of investors we are looking for

4 years ago

Expert george kanyama chiume? Kkkkkkkkkkk

Omwami Mangoche
Omwami Mangoche
4 years ago

What does Malawi have that investors would want? We fail in every part of the economy. We are a pathetic bunch. Mutharika anali machende phwi kumeneku. Don’t be cheated with the photo ops. A Malawi ndiwogona kuyambila President

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