MALAWIAN President Lazarus Chakwera has called upon investors worldwide to explore investment opportunities in Malawi’s agriculture, tourism, and mining sectors. He assured them that the government is committed to creating a conducive business environment to facilitate their ventures.
President Chakwera made the appeal during the virtual opening of the two-day Malawi Investment Forum held in Johannesburg, South Africa. Concurrently, he was hosting foreign investors at the second edition of the Malawi Investment Summit in Lilongwe.
Chakwera emphasised his administration’s efforts to secure new markets for Malawian products globally, aiming to bolster trade and address the country’s historical trade imbalance. He encouraged potential investors to consider the partnership opportunities presented at the summit, particularly in the agriculture, tourism, and mining (ATM) sectors, which are central to Malawi’s strategic plans.
‘There are exciting developments in these sectors, and I have sent senior members of my Cabinet and my own Cabinet Secretary to engage you on the specifics so that you do not miss out on the windfall that is coming Malawi’s way,’ said Chakwera.
The president also highlighted the government’s commitment to creating a favourable environment for foreign investors. They are actively addressing policy, legislative, and administrative issues raised by the private sector to facilitate smoother operations.
To enhance collaboration between the private sector and the government, President Chakwera established a Private Sector Council that will directly advise him on how to make Malawi an ideal investment and business destination.
Chakwera emphasised that Malawi’s membership in various regional economic communities, such as the Southern African Development Community (SADC), Common Market for Eastern and Southern Africa (COMESA), and the African Continental Free Trade Area (AfCFTA), provides investors with a gateway to broader markets.
The Malawi Investment Forum, held at Emperor’s Palace in Johannesburg, aimed to promote investment and export opportunities in Malawi while strengthening ties with South Africa through strategic partnerships, as stated on the official website of the Malawi Investment and Trade Centre.
With President Chakwera’s appeal and the government’s commitment to improving the investment climate, Malawi is positioning itself as an attractive destination for global investors seeking opportunities in agriculture, tourism, and mining sectors.