Mutharika courts New York business tycoon to invest in Malawi

President Peter Mutharika on Wednesday met New York business tycoon, Thomas Barry, President and Chief Executive Officer for Zephyr Management and discussed business opportunities the company may bring to Malawi.

Mutharika with Thomas Barry
President Peter Mutharika attending a round table discussion with Former US President George W Bush at Bloomberg Global Business Forum in New York – pics by Lisa Kadango.
President Peter Mutharika attending a round table discussion with Former US President George W Bush at Bloomberg Global Business Forum in New York – pics by Lisa Kadango.

Zephyr Management is a global emerging markets manager, specializing in the creation and management of highly focused private equity funds.

In an interview after the meeting, Barry said one of the areas of his interest in Malawi is to bring entrepreneurial training so that the youth are able to start their own businesses.

He commended Mutharika for initiating community technical colleges and pledged his support towards the initiative.

“We discussed community technical colleges, job creation opportunities when one finishes technical colleges.

“One of the innovative ideas is both entrepreneurial and small businesses and what has to be done is bring training and start small new businesses in Malawi,” said Barry.

He said it was important to promote community technical colleges to enable the youth start own businesses because most manufacturing and other companies employ graduates from other colleges and not technical colleges.

“So, we shall bring entrepreneurial training to Malawi,” said Barry.

Mutharika’s administration has so far constructed 28 community technical colleges and he has pledged to construct a community technical college in each constituency.

“Madam Speaker, through the 28 community technical colleges we have established, we are training our youths in vocational skills. We want our youths to employ themselves and create jobs for others.

“I want our youths to drive our industrialization programme,” said Mutharika in his State- of- the- Nation Address for the 2019/2020 financial year Budget in Malawi.

Mutharika said he is committed to promoting a high quality, skilled and productive youth for them to participate in sustainable economic growth for our country.

“In order to respond to high unemployment among the youth, my government adopted the first- ever Graduate Youth internship Programme.

“We deployed over 4000 graduate Interns to various public institutions for them to gain work experience. Let me repeat what I have said before, we will offer jobs to all the youths under this internship programme,” he said.

Follow and Subscribe Nyasa TV :

Sharing is caring!

0 0 vote
Article Rating
15 Comments
newest
oldest most voted
Inline Feedbacks
View all comments
Mtete
Mtete
11 months ago

INVEST IN A COUNTRY WHERE BLACKOUTS ARE THE ORDER OF THE DAY? BY THE WAY HOW HAVE WE BENEFITTED SO FAR FROM THE SO MANY INVESTMENT CONFERENCES WE’VE HAD SO FAR?

THE BEAST FROM THE EAST
THE BEAST FROM THE EAST
11 months ago

This is not a time for investors to invest in Malawi it’s time for investors to leave in Malawi kkkkkk nzungu sichinsiru mboba

Hauya
Hauya
11 months ago

Long live Mr President

Aaron Fisher
11 months ago

Glory be to God!

Destroyer of liars
11 months ago

Koma this president, sure kunyamuka ku Malawi all the way to New York kukangojambulisa zithunzi ndi azungu under the guise of going to UNGA. Do we not have MEDI in Malawi where training for entrepreneurship is done?

Mangochi Kabwafu
Mangochi Kabwafu
11 months ago

Invest where? Kikikikiiiiiiii

tariq
tariq
11 months ago

More money to bring to Malawi to be stolen mutharika himself and his cadets… what a useless piece of shit. I hope he dies soon.

Kangaroo
Kangaroo
11 months ago

Adad Apumeko pang’ono ndi, ziwawa zakuno, mwina mtima kapena stress itheko abale

Ndamukodzera APM mkamwa
Ndamukodzera APM mkamwa
11 months ago

Let him come. We will seize his assets at the next demonstration

chimanga
11 months ago

Looking for bribes… wauponda. Go to China if you want bribes

shares
Read previous post:
PAC condemns ‘negligent attitude’ of Malawi  police on violence

The Public Affairs Committee (PAC), a multi-faith human rights and social watchdog, has expressed shock that clashes between Democratic Progressive...

Close