Malawi
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.
01:05
Bilateral relations between China and Seychelles enter a new phase
01:00
First golden snub‑nosed monkey born outside Asia makes debut at French zoo
01:17
Taiwan skips WTO meeting after Cameroon labels it ‘Province of China’
01:00
China: Beijing AI and robotics expo highlights healthcare-focused smart robots
Go to video
South Africa seizes four Chinese fishing vessels in Its waters
00:56
Angola's Sonangol in talks with China for $4.8 billion refinery loan