By Chisomo Phiri

President Dr. Lazarus Chakwera has assured investors that his administration is committed to removing bottlenecks that frustrate Malawi’s business environment.

Chakwera who is in South Africa for the Brazil Russia India China South Africa (BRICS) Summit, said this after meeting potential investors on Wednesday.

In his address to potential investors,the President said his government remains committed to implementing policies to ensure a favourable business climate.

“We remain steadfast in our commitment to exhaust all efforts in realising the shared vision we hold for Malawi.

“Our endeavours are closely aligned with our developmental objectives, aiming to drive a transformative agenda that aligns with our predefined targets,” said Chakwera.

The Malawi leader disclosed that from the agro-processing aspect, Natal East India Pty Ltd, a rice processing company, has expressed interest in the Lifuwu Rice Mega Farm under an investment model that utilizes out grower schemes to optimize production and a robust export strategy that supports the value chain with attractive markets.

He said :”Another investor at the meeting with a stake in construction and infrastructure development, Sizampilo Projects, is already at an advanced stage of negotiations with our consultants to finance and construct the Twin Towers at Capital Hill in Lilongwe.

“I have assured all these investors of a friendly business climate that is well supported by government’s deliberate policy frameworks.

“We are leaving no stone unturned to make sure that the Malawi we all aspire for is realized in line with our development targets.”

According to the State House press office, the President met with numerous potential investors in the fields of mining, real estate, transportation, media and broadcasting, tourism as well as farming.