TEXAS-(MaraviPost)-President Lazarus Chakwera has said Malawi needs honest investors who will not exploit the people and the country’s resources.
Chakwera was speaking in Dallas, Texas, on Sunday night during a Malawi-Texas Business Roundabout meeting.
According to Chakwera, Malawi needs to move out of the poverty trap but that it can only do that with trusted investors.
During the roundtable, the Malawi leader said the country has plenty of opportunities in agriculture, mining and tourism.
“We want serious irrigation farming. We want big time mining and we want to market Malawi,” Chakwera said.
Chakwera has since assured potential investors of a conducive environment characterised by requisite legal, institutional and infrastructure mechanisms put in place to support large-scale investments.
Trade Minister Sosten Gwengwe highlighted the specific areas in the ATM Strategy that Malawi would like foreign investors to come in.
The areas included livestock production, wheat production, macadamia nuts production, cotton farming and ginning legumes and oil seed production as well as tea and sugar.
In tourism, Gwengwe said Malawi has a 20-year National Tourism Investment Plan which details investment opportunities in that area.
During the interface, a number of investors made their presentations on their areas of focus.
They included Robert Sunleaf of Judah Natural Resources; Robert McClaren, of 44 Farms; Don Janacek of Fresh One; Eric Davis of Charis Exploration and Danny Brosseau of Bear Royalty.
Davis said Malawi has vast natural resources that are untapped, saying the country needs outside investment to make strides in that space.
He said, apart from exploration, his firm would help Malawi in the areas of energy as well as oil and gas.
Time to Revive founder Kyle Lance Martin said the grouping is committed to bringing positive change in Malawi.