By Burnett Munthali
In a bid to revive and strengthen Malawi’s economy, President Lazarus Chakwera has intensified his efforts to attract foreign and local investment, urging investors to take advantage of the country’s abundant resources and strategic location. Speaking at a high-profile investment forum in Lilongwe, President Chakwera laid out the government’s vision for economic growth and emphasized the crucial role that private sector investment plays in achieving this goal.
Chakwera called on both domestic and international investors to explore opportunities in sectors such as agriculture, mining, energy, and tourism, where Malawi holds significant potential for growth. He assured investors that his administration is committed to creating a conducive environment by implementing key reforms aimed at improving infrastructure, governance, and business regulations.
“We have a nation rich in resources and strategically located within the Southern African region, making Malawi a prime destination for investment. We are determined to make doing business in Malawi easier and more profitable for investors,” Chakwera stated.
He highlighted ongoing projects aimed at modernizing Malawi’s transport and energy infrastructure, which he believes will further attract investment and open up new markets. Additionally, Chakwera emphasized the importance of public-private partnerships in accelerating national development.
The president’s appeal comes at a time when Malawi is grappling with economic challenges such as unemployment, foreign exchange shortages, and slow industrial growth. He acknowledged these challenges but pointed out that they also present opportunities for investors to step in and fill the gaps, especially in value-added industries.
“We are not only looking for investment capital; we are looking for partners in progress. Our goal is to create sustainable industries that uplift both the investors and the people of Malawi,” Chakwera added.
To back his call for investment, the president assured investors of legal protection, citing improvements in Malawi’s investment policies, including tax incentives, relaxed regulatory frameworks, and an enhanced security system.
Several investors present at the forum expressed interest in the country’s agriculture and energy sectors, with talks underway for potential projects. Analysts believe that if President Chakwera’s investment drive gains traction, it could significantly boost Malawi’s economic growth and job creation prospects.
As the government continues to roll out its economic recovery plans, the business community and the international market will be keen to see if the president’s proactive approach translates into increased investments and tangible economic benefits for the country.
