Proper diversification of the predominantly agro-based economy will make Malawi a vibrant and strategic economy in regional, continental and global trade, President Peter Mutharika has said.<\/p>\n
Mutharika said this in his address to an audience at Chatham House, a respected global think-tank in London in a presentation titled \u2018Malawi\u2019s priorities and partnerships: diversification for development\u2019.<\/p>\n
He noted that for many decades, Malawi\u2019s economic priorities have weighed heavily towards agriculture just as a subsistence endeavor, a situation that has seen minimal growth of real income among farmers.<\/p>\n
\u201cAs a new government, we are now moving on a path for economic diversification, away from the commodity-based economy in order to increase the export base. We strongly believe that trade and investment are key drivers for inclusive economic growth and sustainable development,\u201d Mutharika said.<\/p>\n
He said the government is doing all it can to reverse the economic anomalies.<\/p>\n
\u201cMy government is pro-actively addressing market failures by among other things prioritizing energy, tourism and infrastructure development, through the public private partnerships, including government own financing,\u201d he said.<\/p>\n
The Public Private Partnerships (PPP) arrangement has been one of Mutharika\u2019s priority areas in view of his commitment to foreign direct investment.<\/p>\n
As a result of the said commitment, Mutharika instituted the Malawi Investment Trade Centre (MITC) which within two years of existence convened the first Malawi Investment Forum, a gathering that brought together more than 300 investors from across the world.<\/p>\n
Chairperson of the event, Scottish First Minister Lord Jack McConnel, urged Chatam House members to support Malawi\u2019s prime mission so as to build a sustainable, secure and prosperous nation.<\/p>\n","protected":false},"excerpt":{"rendered":"
Proper diversification of the predominantly agro-based economy will make Malawi a vibrant and strategic economy in regional, continental and global trade, President Peter Mutharika has said. Mutharika said this in his address to an audience at Chatham House, a respected global think-tank in London in a presentation titled \u2018Malawi\u2019s priorities and partnerships: diversification for development\u2019. […]<\/p>\n","protected":false},"author":3,"featured_media":13126,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-13119","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts\/13119","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/comments?post=13119"}],"version-history":[{"count":1,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts\/13119\/revisions"}],"predecessor-version":[{"id":13127,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/posts\/13119\/revisions\/13127"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/media\/13126"}],"wp:attachment":[{"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/media?parent=13119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/categories?post=13119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/archive.times.mw\/index.php\/wp-json\/wp\/v2\/tags?post=13119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}