Malawi-China investment forum

Malawi is strengthening its bilateral relations with China, as the southern Africa country seeks to transition from aid to trade.

A two-day Malawi-China investment forum was held on Tuesday as the country seeks to boost its industrialization and courting foreign investors into the economy.

“We seek direct investments in agriculture, agro-processing, energy, mining, ICT, tourism, infrastructure, manufacturing, and many others,” Malawi’s president Peter Mutharika said.

At the opening of the summit Lilongwe both countries reiterated their mutual trust and called for joint promotion of their investment opportunities.

“There are many investment opportunities in Malawi. Malawi is a country rich in natural resources, tourist attractions and pleasant weather. Here, you have the best weather in the world,” said Shi-Tang Wang, the Chinese ambasador to Malawi.

Despite a huge mining potential, Malawi remains one of the poorest countries in Africa, according 2015 World Bank rankings.