2 April 2014

Malawi: President Banda Says Malawi Is Open for Foreign Investors

Lilongwe — President Dr. Joyce Banda says Malawi is wide open for foreign investors who, for so long, have been pressed down by uncalled for leadership Malawi has had in the past.

Speaking on Tuesday during the official opening of the Malawi Mango Company (MMC), 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 in order to boost 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 also said she would do her best to assist Malawi Mangoes 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 the higher economic status, saying most of the times 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 this Mango Company in Salima is a monument 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.

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.

"This is such a big achievement and it is obvious that the youth are at the helm of this development and it is my pleasure to say that this company will boost the economy of the country," said Gwengwe.

T/A Khombedza of Salima also commended government for giving room to this initiative, saying it would change the lives of people in Salima and Malawi as a whole.

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

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