LILONGWE, May 25 (Xinhua) -- Malawian President Lazarus Chakwera has urged investors across the globe to invest in the sub-Saharan country's agriculture, tourism and mining, promising great efforts to create conducive business for them.
The Malawian leader made the call in Lilongwe, the capital of Malawi, Wednesday when he virtually officially opened the two-day Malawi Investment Forum in Johannesburg, South Africa.
Chakwera, who was hosting other foreign investors back home at the country's second edition of the Malawi Investment Summit, said his government is doing a lot globally to secure new markets for Malawi's products to boost trade and reverse the trade imbalance the country has suffered in the past.
"I invite you to consider the investment partnership opportunities you will hear about at this Summit, especially in the three most promising sectors that are central to our ATM (Agriculture, Tourism, Mining) Strategy," said Chakwera. "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."
The Malawian president said his government is creating a conducive environment for foreign investors by addressing policy, legislative and administrative framework issues that the private sector has brought to the authorities' attention.
To enhance the relationship between the private sector and government, he established a Private Sector Council that will be interfacing with the president directly to give him "unfiltered advice" about how to make "Malawi the best place for investment and business," said Chakwera.
He further said Malawi is leveraging its membership to a number of regional economic communities, including the Southern African Development Community (SADC), Common Market for Eastern and Southern Africa (COMESA), and the African Continental Free Trade Area (AfCFTA), which will provide a gateway to the wider market for those investing in Malawi.
According to the official website of Malawi Investment and Trade Center, the two-day Malawi Investment Forum held at Emperor's Palace, Johannesburg, South Africa, aimed at promoting investment and export in Malawi and strengthening ties with the host country through strategic partnership.
