Malawi open for investment: Banda Dr Joyce Banda
President Joyce Banda

President Joyce Banda

LILONGWE. — President Joyce Banda says Malawi is wide open for foreign investment. Speaking on Tuesday during the official opening of the Malawi Mango Company, a fruit processing factory in Salima, President Banda said time had come for Malawi to show her potential by having manufacturing companies all over the country to boost the economy of the nation.

“The birth of this company is a testimony of many achievements my government has done during a two-year tenure and I congratulate the two co-founders of this company for working tirelessly to achieve this success story,’’ Banda said.

President Banda said she would do her best to assist Malawi Mango Company to grow bigger and expand to other places of the country.

She also called upon all chiefs in the country to work hand in hand with government to achieve higher economic status, saying most of the time, traditional leaders are the ones who repel developmental activities for reasons best known to themselves. In his remarks, one of the co-founders of MMC Jonathan D Jacobs said the coming of company to Salima was monumental to Malawi’s economy.

“At first it was simply impossible to get everything done, but with incredible support from the government of President Banda we have managed to achieve this success story which represents something more than just the building itself,’’ Jacobs said.

According to Jacobs, the one-year-old company has so far employed more than 600 full time employees and it would continue employing more people in three years’ time. – Malawi News Agency.

He also requested Malawians to contribute towards the growth and sustainability of the company.

Jacobs also commended President Banda for giving room to foreign investors to invest in Malawi which, according to him, is a gateway to prosperity.

Minister of Industry and Trade, Sosten Gwengwe, also commended President Banda for allowing this initiative which, according to him, would provide employment opportunities to the youth of Malawi.

Malawi Mango Company was co-founded by Jonathan D Jacobs and Craig T Hardie and is expected to commence its production next mango season. – Malawi News Agency.

You Might Also Like

Comments