Malawi assures American investors on security

President Professor Peter Mutharika Thursday assured American investors that the country will provide security to their business.

President Peter Mutharika in a group photo with United States of America Energy  Sector Investors - Pic by Stanley Makuti
President Peter Mutharika in a group photo with United States of America Energy Sector Investors – Pic by Stanley Makuti
President Mutharika sharing ideas with the Vice President of Millenium Challenge CorporationMr Kamran Khan at Kamuzu Palace - Pic by Stanley Makuti
President Mutharika sharing ideas with the Vice President of Millenium Challenge CorporationMr Kamran Khan at Kamuzu Palace – Pic by Stanley Makuti

Speaking at Kamuzu Palace in Lilongwe during the meeting with Millennium Challenge Corporation (MCC) delegates from America, Mutharika said the country will also provide fiscal security to them.

“Malawi is a secure place for business and now we are also working at improving security in the country,” explained Mutharika.

He then said the country is moving in the right direction as far as the implementation of the MCC compact is concerned adding that on infrastructure development, a contractor is now in place and they are working on bids for transmission and distribution network upgrade.

“We are also on track working on the resettlement plan so that construction is not delayed. We are reforming the power sector so there is no more monopoly of a parastals but different players should also come in and all concerned stakeholders are involved,” he said.

Mutharika further said government is very committed to see the project succeed for the benefit of the Malawians and it will continue to support Millennium Challenge Account-Malawi (MCA) in the implementation of the compact.

Department of Compact Operations, Vice President Kamran Khan said it is great news that Malawi opened up for private investors on energy at the time it is looking for power for economic growth.

He said they will explore ways on how they can invest and assured the President that they will bring quality not quantity.

Minister of Natural Resources, Energy and Mines, Bright Msaka said the county is looking for more energy for the economic growth in mines, trade and industry.

He said some mines needs about 50 mega watts, to explore the mines and the ministry of trade and industry also need more energy to add on production as they want to be exporting more.

Msaka added that people who applied for electricity needs to be supplied and they need to also fulfill rural electrification.

“Malawi has enough sun, wind and rivers for energy and we want to explore all of them so that in five years times we should not have power interruption,” he said.

The electricity generated by the private sector will be sold to Electricity Supply Commission of Malawi (ESCOM) for distribution.

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Keyboard
Keyboard
6 years ago

They were just talking aboiut what will happen in the future instead of what they HAVE done. No serious investor can take this seriously…

Dwambazi
Dwambazi
6 years ago

He will provide security to investors and foreigners but can not provide security to Malawians ,,,,,,,,,,,,,, where is the disconnect?

Sapitwa
Sapitwa
6 years ago

Some idiots think Provision of security is just about providing the Police.Security is critical as one of the requirements for FDI. It is not just on Police security, it includes financial transactions too; ensuring these investors reap on what they saw.
If you as a Malawian has an innovative idea and have a Financial muscle to invest in your country and you have serious security concerns, put up your proposal to the Government for special protection. They will equally provide it.

chindotoli
chindotoli
6 years ago

Ukupusika nja, security yakutonda napa level ya Ise so azungu awa imwe mukuchema ma expat mungaovwila uli? Mind u kwa Ise nima imigrant, lol kkkkkkkkk

hon
hon
6 years ago

Kkkk awauze kuti ma interest ndi katapila kale eti? Kkkk

tuvitwana
tuvitwana
6 years ago

Which security is he talking about?

Mthandeni
Mthandeni
6 years ago

Why this name khan is everywhere in the world?
Why they run from their country?

Chikuni
6 years ago

Who is to provide that security?mbava za polisizi? I understand they are the same people hacking people in resthouses.

Gada
Gada
6 years ago

This is typical for clueless and inept corrupt government. We have had no security in this country for a long time. I even wrote on my blog that investors will not return to Malawi unless security, infrastructure and corruption is dealt with. Now we hear the president is going to sell ESCOM to investors and pocket the loot. How transparent and accountable is this government? How can start selling state owned entities to foreigners without benefiting Malawians? Who are you trying to please APM? Just like Muluzi who sold public businesses and pocketed the money Peter has the same motives.… Read more »

ujeni
6 years ago

Provide security to all Malawians not just to foreign investors. What sort of leadership is this?

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