• Tue. Sep 19th, 2023

Malawi Exclusive

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Chakwera for increased investment in various sectors of economy

Malawi President Dr Lazarus McCarthy Chakwera says he is envisaging for more investment in the various economic sectors.

Speaking at the Investment Forum in New York City in the USA, Chakwera said to attract increased investment in various sectors in the country, there is full speed marketing Malawi as a viable destination for investors from across the globe.

“At the Invest In Malawi Forum yesterday, we promoted the new Malawi as an opportunity, mainly within a consortium of lead sectors termed as the ATM Strategy (Agriculture, Tourism and Mining),” he said.

Chakwera said over the past years, his administration has made relevant structural and legal improvements to the doing-business environment to give investors better returns from their capital, not only in the ATM bloc but as well as health, education and infrastructure development.

“Also on schedule last evening was the 20th Anniversary of the Millennium Challenge Corporation (MCC). Since 2005, the Corporation has formed a great part of Malawi’s development curve in good governance, energy and infrastructure development with projects and programmes valued at over US$700 million,” he said.

He added: “We look forward to the soon-to-commence second MCC compact, which has been dedicated to the construction of four critical corridor roads under the Increased Land Productivity Project.”

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