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Malawi: Chakwera Pledges Improved Investment Climate

President Dr. Lazarus McCarthy Chakwera on Monday held an interface with a contingent of over 50 investors who share Pan African investment interests across a number of sectors such as energy, agro-processing, automotive, tourism, ICT, education, renewable energy, infrastructure development and finance.

The investors – travelling under the PLO Lumumba Foundation – have been drawn from African economies such as Ethiopia, Democratic Republic of Congo, Kenya, Uganda, Ghana, The Gambia, Senegal and Nigeria, as well out-of-continent economies such as the Caribbean, India and the United State of America.

Addressing the delegation, President Chakwera said the impending investments are critical because they will enhance economic productivity thereby expediting the attainment of the MW2063.

The Malawi leader expressed gratitude for their choice of Malawi as an investment destination as this is a clear expression of trust and confidence in the environment his administration is creating to make all sectors of the economy as productive as they ought to be.

The President assured the investors of government’s total support in improving the investment climate that brings about business success for those who inject capital in various enterprises and economic benefits to the people of Malawi.

Among the many deliberate interventions the Chakwera administration is implementing are the establishing of Special Economic Zones, operationalization of One Stop Border Posts with neighbouring countries, review of land and labour laws to make them friendly for pro-growth trajectory.