‘Malawi to transform into skilled, export-oriented economy’
President Peter Mutharika says his government has stepped up efforts to transform Malawi into a more skilled and export-oriented economy within five years.
The President said this on Wednesday during a live televised session on CNBC Africa at Dalian International Conference Centre (Dicc), which was part of this year’s World Economic Forum (WEF) meeting dubbed Annual Meeting of the New Champions currently underway in China.
Said Mutharika: “I think China had been very pragmatic in its approach by focusing on rural development. We are doing the same in Malawi [and] we have decided to take a massive training approach for the youth in rural areas.”
He said economic challenges facing the world’s second largest economy could have a negative impact on the Southern Africa country’s economy.
“China has been a crucial partner to Malawi since 2008; they have been supporting us in a number of areas such as irrigation and infrastructure development. It is also a free trade area for over 400 products from Malawi,” said Mutharika.
