BLANTYRE-(MaraviPost)-President Peter Mutharika has commended Old Mutual Malawi for its commitment to investing in key sectors, including road infrastructure and tourism.
Speaking at Sanjika Palace in Blantyre on Wednesday following a meeting with an Old Mutual delegation led by Group Chief Executive Officer Tavona Biza, President Mutharika said the discussions focused on policy frameworks and the strategic direction of the partnership between government and the financial services group.
The President emphasised the importance of the private sector’s role in national development, describing their involvement as “commendable.”
He said strong collaboration between government and private players is essential to accelerate growth and deliver services that improve the lives of Malawians.
President Mutharika reaffirmed that his administration is open to Public-Private Partnerships and encouraged other investors to explore opportunities in Malawi.
He cited the conducive environment his government has established to ensure mutual benefits for both investors and the country.
“Government alone cannot do everything. We need partners who are willing to invest in productive sectors that create jobs and build our economy. Old Mutual’s decision to invest is a vote of confidence in Malawi,” Mutharika said.
In response, Old Mutual Group CEO Tavona Biza confirmed that the financial giant is prepared to begin its investments in the tourism and infrastructure sectors. He said Old Mutual sees long-term value in Malawi and is ready to align its investment strategy with national development priorities.
Biza noted that the company is particularly interested in infrastructure projects that unlock economic potential, including road networks that support trade and tourism facilities that can boost foreign exchange earnings.
The meeting at Sanjika Palace forms part of ongoing engagements between the President and private sector leaders aimed at mobilising investment and strengthening economic partnerships.
President Mutharika said his government will continue to streamline policies and improve the ease of doing business to attract more capital into critical sectors.
He called on local and international investors to take advantage of the opportunities available.
Old Mutual is one of the largest financial services groups operating in Malawi, with interests in insurance, investment, and banking. Its move into infrastructure and tourism signals a broadening of its portfolio in the country.