Mutharika warns political unrest may scare off investors impressed with Malawi economy

January 26, 2020 Owen Khamula - Nyasa Times 20 Comments

President Peter Mutharika has said a rosy economic outlook of Malawi has attracted foreign investors to come to Malawi but warned that the chaotic political landscape could be frightening the international companies who would want to invest in the country.

Mutharika on arrival

Mutharika said this on Sunday on arrival from the United Kingdom where he led a delegation of government and private sector who attended the  first ever UK-Africa investment summit.

President Mutharika said the international community has expressed confidence in Malawi’s macro-economic situation.

“They say it is an economy where they can invest in power, agriculture, infrastructure, health and education,” Mutharika said.

He said despite the economy being stable, political turmoil will cause Malawi to lose private investments.

The President said the investors express concern with the situation of peace and stability in the country.

““I assured the investors that Malawi is a peaceful nation and that the tense situation in the country is temporary and it will change,” said Mutharika on arrival at Kamuzu International Airport in an interview monitored by Nyasa Times on tax funded Malawi Broadcasting Corporation.

“My request is for those destroying the country to withdraw from the path of destruction. We need to learn to dialogue when we have issues, instead of resorting to destroying what we have in Malawi,” said Mutharika.

Malawi has been in a political lock down following the highly disputed May 21, 2019 polls.

Apart from the UK-Africa Investment Forum, Mutharika also attended the UK-Malawi Investment Forum where 16 Malawian companies also attended the forum to market themselves and their activities for potential investment.

Malawi has since clinched deals in energy, health, mining, tourism, agriculture, among others.

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20 replies on “Mutharika warns political unrest may scare off investors impressed with Malawi economy”

  1. If APM wants those destroying the country to withdraw, then he should be the first to go. The unrest is due to the suspect elections last May and if he was really serious about his desire for peace and calm, then he should resign and allow fresh elections to take place.

  2. I don’t know what is the problem with our country, it’s like we love to vote for bad leaders everytime instead of good leaders.Even if people warns us we don’t take the warnings.Coz we want to see with our own naked eyes that this leader is a failed one.He failed as a Minster, People went to elect him as a president now with all this, others again are prepared to vote for him.It’s like majority of people love poverty too much or most people they don’t know what is development is all about.This is 2020 do not vote for such leaders.They help to make the country more poorer than they found it.

    1. It’s not that Malawians love to vote in bad leaders. Believe you me this current government would not have had it it’s way as it is were it not for the massive rigging that took place on May 21, a deliberate and shameless denial of people’s choice for no other reason than prolonging plunder of taxpayers money by APM/DPP for selfish personal gains

    2. Agree 100%

      Malawi is so cursed and don’t even understand how the majority reason. Malawians deliberately vote for proved failed people. We have so many failed politicians who should now have been forgotten and having no job at all. But somehow majority support such mediocrity.

      Indeed Malawians love poverty. What a shame.

  5. If only APM read the comments herein! Please Mgeme Kalilani, show your boss these comments for we don’t want something awful if he accidentally stumbles upon them

  8. Malawians today are more educated than during Kamuzu Banda’s time. You cannot fool the people and thinking you gonna get away with it. Peter Hitler Mutharika you’re a thief, cheater, scumbag, tribalistic, regionalistic, and murderer. You are the master of all the satanic people. When you rig elections and people crying foul what does it tell the investor about you? When your cabinet is made up of people from your own region what does it tell the investors about Malawi? When the investors look at the political system of Malawi which is a Unitary system what does it tell the investor about Malawi. In any country where there is a Unitary system is the highest risk for one to invest in that country. The only way to keep the Unitary system is to rule by iron fist and this method is a precipitant to civil war. You either change the political system of Malawi to that of FEDERALISM with rotational presidency among the three regions. In order for a political party to win the presidency it must have more than 50 points. The Southern region will be allocated 35 points, Central Region 30 points, and Northern region 25 points. Each province shall have a governor and this governorship will be rotated among the indigenous tribes of that region. Therefore this will really show confidence in investors because the political system is fair to everybody and there is no need for civil war. The current political system of Malawi is being rejected by people, especially the Northerners who feel the Unitary system doesn’t take them anywhere.

  9. he is the one scaring investors because he used Jane Ansah to rig 2019 elections with tippex and other techniques

  10. This over rating oneself. Quality investors are hard to come by. Hope you are not talking of spaza shops set up by Pakistanis and the micky mouse Chinese characters

  11. Maliseche open your eyes, no investor can come to malawi where there is a tippex and corrupt government

  14. There was no political unrest from 2014-2019 but no investor came to Malawi……. so stop bull shitting Sir

    1. Malawi is suffering today because of this Nyapapi, let the people of Malawi be in a peaceful mind pack and go we don’t want you anymore we are tired of your habits

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