President Mutharika Woos US Investors To Malawi

US Investors Listen Attentively

Malawi and Africa as whole remain potential destinations for investment because they still possess abundant resources for production, Malawi’s President Prof. Arthur Peter Mutharika has said.

President Mutharika made the remarks Tuesday evening at Morgan Library and Museum in New York during a fundraising event organized by a Lilongwe-based Miracle for Africa Foundation.

President Mutharika Speaking At The Event

“Investing in Malawi and the whole of Africa is very attractive. While world investment returns are about eight percent, Africa boasts of 30 percent investment returns because of the availability of resources,” Mutharika said.

The president called on the international business community to become part of a successful investment narrative by bringing their financial resources to Malawi.
President Mutharika encouraged investors to consider spreading the net of their investment beyond the health sector by accommodating other sectors like agriculture and education.
He promised to create a health and ideal environment for investment.
“My government will make investment in Malawi attractive through provision of safety and security for people’s lives and their property,” Mutharika said.

The President commended Miracle for Africa Foundation for its initiatives in complementing Malawi’s national development agenda.
A number of corporate moguls based in New York graced the fundraising event which was aimed at mobilizing resources for the construction of a state-of-the-art Library at Daeyang Luke Nursing College in Lilongwe.

The college is owned by Miracle for Africa Foundation.Chairperson and founder for the foundation You Keun Chung said his organization would continue to support government in addressing challenges in the health sector.
“Our major focus is reducing the high doctor – patient ratio,” Chung said.

Apart from focusing on the library project, the foundation intends to raise about MK3 billion for investments in all critical sectors of development in Malawi.  (By Macneil Kalowekamo- Mana)

 

 

 

4 Responses to "President Mutharika Woos US Investors To Malawi"

  1. Sothini Banda   September 21, 2017 at 9:49 am

    without electricity Zosayenda

    Reply
  2. Bangster Chaluza Salamba   September 21, 2017 at 11:33 am

    Kodi kumalawiko kuli president ?

    Reply
  3. Bugle Gee   September 21, 2017 at 12:06 pm

    Kodi Mr IBU aka Bwampini akutaniko Ku UNGA? apa Malawi inabetsa bwanji, bolaninso Mama Jo chinsalu pa phewa amadziwa chomwe amachita kusiyana ndi mbuzi yotchedwa APM.

    Reply
  4. Dixey Mwale   September 21, 2017 at 12:30 pm

    Investorz bwana you left us behind here in malawi. What we only need is those free tax holidays you offer to foreign companies should apply to locals we wont ask about much since we already know the eeviroment we are operating tell the banks to offer loans which could allow the country to industries how do you offer loans of instant paying back system and expect to build industries .offer malawians conditions for huge investment and you will see wonders gone are the days of looking abroad for investments. # we are the investors you need

    Reply

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