Political stability vital for investment – Mutharika

President Peter Mutharika has expressed concerned that the current political instability in the country threatens potential investors and has called on people escalating the situation to rethink their position.

 President Mutharika: Investors cannot put money in a place where there is chaos

The country has been rocked in post electoral demonstrations in protest of the May, 2019 presidential election results in which Malawi Electoral Commission (MEC) declared Mutharika winner of the polls.

But some opposition leaders went to court to challenge the results saying the polls were marred by irregularities therefore should be declared null and void.

Despite the matter being in court, some people led by Human Rights Defenders Coalition (HRDC) have been staging demonstrations that in some instances turned violent.

Violent demonstrators have been destroying and looting both public and private property worth millions of kwacha.

To this effect, President Mutharika expressed the concern in London during a media briefing at the end of UK-Africa Investment Summit 2020 and the UK-Malawi Investment Forum which he attended.

He said despite the country clinching business deals at the summit and the forum, political instability is an issue of concern to the investors.

Through the two events, Malawi has secured deals for investment in energy, agriculture, health and tourism, among others.

The Malawi leader said the clinched deals have to be safe guarded in order to move this country forward in investment opportunities.

“The path that some Malawians have taken is a dangerous one and will destroy the country and pull it back,” Mutharika said.

He appealed to Malawians of good will to take a deep breath and consider the impact of the current situation on investment in the country.

The Malawi leader has since assured investors of security, saying Malawians are peace-loving and people of good will.

“If we can restore peace in our country, investors will be coming; if not, there will be some question marks and investors will be hesitant to come.

“They [investors] are not going to put their money in a place where there is chaos,” he said.

The President described both the summit and the forum as an important signal for interest in Africa by the UK.

He said as Britain will be out of the European Union this month end, it will be looking for new relationships with other countries including the Commonwealth.

In June this year, there will be a Commonwealth Heads of State and Government meeting in Kigali, Rwanda where, among others, the meeting will discuss restructuring of the relationship with Britain in light of Brexit.

Among other engagements while in the UK, Mutharika had a bilateral meeting with the Duke of Sussex His Royal Highness Prince Harry and participated in a debate on trade and investment.

He also had meetings with the Private Infrastructure Development Group (PIDG) where they discussed power projects in Malawi. The organisation is already funding Malawi solar project in Salima.

The president also met with the patron for UK-Malawi business group to set up a high-end pharmaceutical company in Malawi.

He also gave a public lecturer at the School of Oriental and African Studies (SOAS) of the University of London.

Twenty-one countries from the five regions of Africa were invited to attend the investment summit which started on January 20 in London.

The summit was hosted by the Prime Minister of the UK, Boris Johnson whereas the forum was chaired by Hogan Lovells partner and head of Africa, Andrew Skipper.

Hogan Lovells is a global law firm with an interest in Africa.

 

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mpanda
mpanda
7 months ago

All these happening in our peace loving country Malawi mr tippexed president Peter mutharika is the causer i accuse you and better repent for evils doing to innocent and poor malawians in their own land may God see Malawi through let their tears held up to God. He’s money has power to go everywhere the truth to evaporates it from elections jane ansah and mec to concourt bribing judges eish this peter. In his so called government corruption is not even mentioned

Jerusalem Bible College
Jerusalem Bible College
7 months ago

The most dangerous path is not the one taken by HRDC but the one taken by PETER MUTHALIKA in rigging elections.

Mtete
Mtete
7 months ago

To be honest and raw APM is a complete disappointment. I have never seen a leader so incompetent. I feel sorry for him.

Malawi
Malawi
7 months ago

Mr President what do you think about corruption? You are not fighting corruption but encouraging it. Your cabinet is rotten with corruption. Since DPP came into power the main development in Malawi is CORRUPTION.

DPP has Billionaires mainly in form of properties. They cannot explain how they accumulated the wealth apart from saying Ana a Dad.

The investors are not stupid. They do research. They will promise ofcourse but you cannot be trusted.

John Kachapira
John Kachapira
7 months ago

Welcome home where Kabambe, Mpinganjira, Tembenu, Nkhono and Kaphale are waiting for you mudzatsegule sabata!! Character more important than money. What a church?

Mangochi Kabwafu
Mangochi Kabwafu
7 months ago

What about your THICK cadets terrorizing people? Mr tippex president, accept failure.
Kodi mwati akuluwa analidi a lecturer a ku university and ku America? Does anyone know this particular uni or was he just a teacher at some corner school or something.

Mdala
Mdala
7 months ago

The political stability of a country is directly linked with the integrity of it’s leadership!
Mr President, just read the writings on the streets and soon the judgment of the Concourt:
The majority of Malawians don’t want you!
You have to do the first step towards stability!
I’m afraid Mr President, it might be a step down!

Shame!
Shame!
7 months ago

How about;
1. Corruption
2. Poor infrastructure
3. Unreliable electricity supply
4. Nepotism
5. Poor governance
6. Poor health delivery system
7. Lack of basic resources
8. Weak Judiciary
9. Weak economy
10. Lack of leadership.

Holy shit!

Nzika
Nzika
7 months ago

Malawians are indeed peace loving until you came in with your violent cadets to cause havoc by funding them to disturb peaceful demos, unleashing terror to other parties during the campaign period, petrol bombing residences and offices of all those whom you think are threats to you and trailing members of HRDC to cause them harm. The list is endless Mr Tippex, son of the devil!

Gerald Katchola-Banda
Gerald Katchola-Banda
7 months ago

But there can’t be stability where his own party is being accused of rigging the electoral process and his own henchmen are allegedly trying to bribe the judicial system. Leadership is the biggest culprit here.

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