Mutharika lures London investors: ‘Malawi fast becoming an investment haven for southern Africa’

President Peter  Mutharika  enticed potential investors in London  when he assured the  security of their investments and a huge market in Malawi despite its small size.

The Royal African Society- London chairperson Zainab Badawi and members of the society with the Malawi First Couple

He said during the meeting with members of UK  Royal African Society.

“Of course Malawi has a relatively small population of 17 Million people, but it is part of the larger market through the [Africa] Free Trade Area (FTA), Common Market for Eastern and Southern Africa  (COMESA) and Agoa ,” the Malawi leader said.

He  assured investors that government will provide security for their investment, stressing that they should not fear to  invest their money in the  country.

“ In Malawi, you will be safe at home, at your work place and in between,” he further assured.

Earlier, Director of Royal African Society, Dr Nicholas Westcott CMG told Malawian journalists that Malawi as a country has opportunities in agriculture and other sectors which would put the country to a higher level of development.

Mutharika stressed that Malawi is at a “turning point” moving from aid to trade.

He said government is set to provide security of investors, life and property.

The President said Malawi is open for business and has set the stage to make  investors secure and worth their time by, among other things, establishing a one- stop service centre at Malawi Investment and Trade Centre (Mitc) in Lilongwe to speed up investment process.

 

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#DzukaniAmalawi
Guest
#DzukaniAmalawi

The reason why Malawians are not seeng results from these so called “Investment Tours” is that the assertions that Malawi is open for business (and that it is an investment haven), are all wrong. Foreign investors are very very smart people who’d not put their hard earned funds into a country with questionable policies, is infested with high levels of corruption, has unstable energy supply, has high levels of and uncontrollable crime, has no technical skills, has unprogressive tax regime with no meaningful tax or investment incentives and lastly, no tangible consumer base. His Excellency Prof Peter Mutharika, please just… Read more »

George
Guest
George

You are absolutely right. Investors look at indices i.e doing busines index, TI, etc

Comrade
Guest
Comrade

Heard that before with nothing to show for!

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