Sunday, October 6, 2024
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Mozambique President Supports Malawi in Courting Investors at UNGA79 Sideline Event

 

In a show of flourishing diplomatic relations and specially-crafted brotherhood the President of Mozambique, His Excellency Dr. Felipe Jacinto Nyusi, attended in support, the Malawi Partners’ Conference 2024 held on the sidelines of the 79th United Nations General Assembly in New York.

The conference, themed “Securing Our Future: Enhancing Investment in Agriculture for Sustainable Food Security,” was co-sponsored by the Chandler Foundation and the Government of Malawi.

Malawi’s President, Dr. Lazarus McCarthy Chakwera, warmly welcomed his “dear brother” President Nyusi, stating that his presence “speaks volumes about the warm relations that exist amongst the SADC political leadership.” The two leaders have demonstrated their commitment to fostering regional cooperation and attracting investments to their respective countries.

During his keynote address, President Chakwera highlighted Malawi’s numerous advantages for investors, including its abundant arable land, water resources, access to regional markets, stable political leadership, and competitive incentive packages.

The Malawi leader invited the private sector and development partners to explore investment opportunities in Malawi’s agriculture sector, particularly in areas such as agro-processing, value addition, and the establishment of a fertilizer plant.

The conference provided a platform for Malawi to showcase its potential and forge new partnerships to drive sustainable agricultural development. President Chakwera’s pitch emphasized Malawi’s vision to transform into an upper-middle-income economy by 2063, with agriculture being a central pillar of this ambitious plan.

Part of the audience to a presidential pitch during Malawi Investment Forum in New York

The presence of President Nyusi and other senior government officials from the United Republic of Tanzania and the Republic of Zambia underscores a fundamentally rejuvenated friendship between the two neigbouring countries, a direct dividend of President Chakwera’s vowed duty to restore Malawi’s diplomatic seat in the community of its neighbourhood. This collaborative approach is expected to strengthen the investment climate in the Southern African Development Community (SADC) region and contribute to the overall food security and economic prosperity of the participating countries.

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