Friday, February 23, 2024
HomeNationalChakwera courts multi-sectoral global leaders to invest in Malawi

Chakwera courts multi-sectoral global leaders to invest in Malawi

PUBLISHED BY

Malawi President Dr. Lazarus McCarthy Chakwera has asked multi-sectoral global leaders to consider investing in Malawi, promising his administration is committed to creating a conducive environment for private sector growth.

Chakwera made the sentiments in London, United Kingdom, on Friday ahead of the coronation of King Charles III at Westminster Abbey on Saturday.

“Upon arrival in London ahead of the coronation event on Saturday, we have gone into networking with multi-sectoral global leadership through several key bilateral meetings. On Thursday I met Mr. Martin Davies, Head of Nuveen Natural Capital in London who has expressed interest to invest in Malawi’s agricultural sector,” said the President.

President Chakwera shakes hands with Martin Davies

According to Chakwera, Nuveen Natural Capital’s focus is on building the capacity of Malawi’s agriculture sector through best land management practices, mechanization, climate-smart technologies, and modern storage infrastructure.

The President said he was excited to learn that the company also intends to initiate a robust value addition revolution to transform the fortunes of our small scale farmers.

“Mr. Davies will visit Malawi to kick-start the processes of our long-term cooperation,” he announced on his Facebook page.

And during his audience with the Prime Minister of the Republic of South Korea, Han Duck-soo, President Chakwera pleaded with Korea to provide additional support to Malawi as the country embarks on the recovery exercise.

The Malawi’s Head of State thanked Korea for the US$200,000 humanitarian assistance for Cyclone Freddy victims in Mulanje and Phalombe rendered through UNFPA.

Chakwera acknowledged that there was a similar package last year for victims of Tropical Storms Ana and Gombe.

However, he pleaded with the Prime Minister to support Malawi’s post-Cyclone Freddy recovery and reconstruction program, which is pegged at US$700 million.

Other forms of assistance for which Chakwera also expressed gratefulness include a motor vehicle and IT equipment to Ministry of Foreign Affairs worth US$150,000, a US$200,000 package towards cholera fight and US$500,000 to the Daeyang Mission Hospital for the procurement of medicines, medical equipment and an ambulance.

In his remarks, Duck-soo pledged Seoul’s solidarity and support to Malawi.

RELATED ARTICLES

UK pledges sustained, strengthened diplomatic ties with Malawi

The British High Commissioner to Malawi, Fiona Ritchie, has pledged her government’s commitment to always be there for Malawi and its people in times of crisis.

GBA, Mpatsa sign shareholding agreement on mega agriculture projects

Greenbelt Authority (GBA) and Mpatsa Holdings Limited on Thursday signed a shareholding agreement to form a joint company through which the two parties will work together in implementing irrigation and livestock agriculture projects.

Zikhale Ng’oma committed to improve youth development through sports

Member of Parliament for Nkhata Bay South, Kenneth Zikhale Ng'oma who is also Minister of Homeland Security has said that he is set to implement projects that will see youths prospering through sports.

Pictorial Focus; Going cassava way

At the expense of erratic rainfalls and change in weather witnessed by the recent farming season and the seasons before, people are now thinking of crop diversification.

Latest Posts

popular posts

Mchinji’s agriculture committee emphasises on collaboration

Mchinji District Agriculture Extension Coordination Committee (DAECC) has stressed the need for strong relationships and collaboration among stakeholders to sustain agriculture initiatives being implemented in the district.

Woman drags Nankhumwa to court over child maintenance issues

A little known woman, Letina Kamwamba, has dragged Leader of Opposition and Democratic Progressive Party (DPP) presidential aspirant, Kondwani Nankhumwa, to court over child maintenance issues.

2024 Aviator Strategy and Tips to Win (TESTED AND VERIFIED)

With the recent surge of users on Premierbet Malawi Aviator; we keep seeing many Facebook and Twitter posts about whether there’s a strategy of some sort for the Aviator game. We haven’t seen any definite answers to this which pushed us to answer this, using a program that compiles the results and gives you an idea of different strategies and numbers to try on Aviator.

MCP publicist Reverend Maurice Munthali resigns

Publicity Secretary for the Malawi Congress Party (MCP) Reverend Maurice Munthali has resigned from his position, citing the prevailing governance atmosphere marred by persistent corruption allegations and related scandals as reasons for his resignation.

MK17.28bn Mzuzu Civic Office Complex construction at 45%

Plem Construction Limited (PCL) has disclosed that progress of the construction of the first ever Mzuzu Civic Office Complex is at 45 percent.
Nthanda Times