Malawi has untapped development potential – President Mutharika

Lilongwe: President Prof. Peter Mutharika has described Malawi as a country of great investment opportunity and possibilities for investors as a result of good reforms that protect investors.

He made the remarks on Monday when he presided over the joint opening ceremony of the Malawi Investment forum and the Southern Africa Regional Integration Stakeholder Forum at Bingu International Convention Centre (BICC) in Lilongwe.

We are integrating our policies and rebuilding up corporate and big businesses through legal milestones as some of the steps to encourage private sector investments in the country, Mutharika explained.

He pointed out that Malawi would continue to pave an environment that favours businesses and economic growth which is expected to be at 4.1 per cent and expected to rise to 6 per cent by 2019.

Chief Executive Officer (CEO) for Malawi Investment and Trade Centre (MITC), Clement Kumbemba described Malawi as an ideal hub for various businesses.

Malawi has a lot to offer to both local and foreign investors as the economy is growing and improving on all economic indicators, he stated.

African Union Regional Delegate to Southern Africa, Dr. Auguste Ngomo said in order to realize the vision of a prosperous, peaceful and integrated Africa, they should be heavy investment in high quality regional and continental infrastructure and human skills.

Minister of Industry, Trade and Toursim, Henry Mussa stated that the forum would prioritize five key areas including Tourism and Energy which potential investors should be considering.

The forum this year was under the theme of ‘Private Sector-Led Growth; Key to Malawi sustainable growth.

Source: Malawi News Agency MANA