ABUJA-(MaraviPost)-President Lazarus Chakwera has extended an invitation to Alhaji Aliko Dangote, Founder and President of Dangote Group, to invest in Malawi highlighting the country’s potential in key sectors including Agriculture, Tourism and Mining (ATM).
Speaking during bilateral talks with Dangote, founder and President of the Dangote Group a multinational industrial conglomerate, on the sidelines of the 32nd African Export-Import Bank (AFREXIM Bank) annual meetings in Abuja on Friday, Chakwera said Malawi offers an enabling environment for investment, with opportunities for growth and development in various industries.
“Apart from agriculture, which is a significant sector in my country, Malawi’s tourism sector presents opportunities for investment, with the country’s rich cultural heritage and natural beauty attracting visitors from around the world. Additionally, the mining sector offers potential for growth, with Malawi having significant minerals.
“As such, investing in these sectors, which are key under my administration, can leverage your expertise and resources to drive economic growth and development, and I am inviting you to invest in Malawi,” said Chakwera.
Dangote is Africa’s richest man and world’s richest black person, with a net worth of US$ 23.8 billion. He has grown into a conglomerate with interest in cement, sugar, oil and gas.
In his response, Dangote expressed gratitude to President Chakwera for the invitation, saying he is interested to explore investment in mining and manufacturing.
“I am excited with the invitation, and soon I will assign the group Chief Executive Officer as the point of contact to work with the Malawi team to explore areas of investment in mining and manufacturing, especially cement.
“I have accepted your Excellency’s invitation to visit Malawi, and I will visit you soon,” said Dangote.
Apart from meeting Dangote on Friday, Chakwera participated in a Presidential panel discussion, where he called on African leaders to prioritize scaling-up production and adding value to their products in order to shift the continent’s focus from exporting raw materials to becoming a hub of manufacturing and industrialization.
The President later attended the official opening of AFREXIM Bank annual meetings, which was attended by a number of African and Caribbean leaders, including, President of the Federal Republic of Nigeria, Bola Ahmed Tinubu; President of Gabon, Brice Nguema, and heads of international organizations and governors of central banks.
