APM entices C’Wealth body to invest in MW
President Peter Mutharika has encouraged a United Kingdom (UK) investment financing institution Commonwealth Development Corporation (CDC) to invest in the country’s energy and agriculture sector to helping revamp the country’s economy.
Speaking when he had an audience with a CDC delegation at Kamuzu Palace in Lilongwe yesterday, Mutharika said Malawi is a safe place where the group can make huge investments.
afetr the meeting
He said: “We are part of the Southern Africa Development Community [Sadc] and Common Market for East and Southern Africa [Comesa]; we have access to Europe and we are also part of Everything But Arms (EBA), meaning that we have a huge market and you can export whatever products you may produce should they require export market.”
CDC is UK government’s investment financing institution which has investments across the globe.
In response, leader of the delegation, who is also managing director and head of Africa Tenbite Ermias said CDC is not currently pursuing any particular areas of investment but anything is possible.
Said Ermias: “I can’t say that we are going to invest in energy but we know that this is another area we can consider since the President mentioned it as a potential area of investment.”
In the country, CDC has investments in macadamia production and also runs Unicaf University where education is accessed through both in person and online.
On Monday, the President launched MDGS III through which government seeks to enhance economic development by, among other things, increasing investment.
