Malawi President Peter Mutharika has lined up a magnitude of development projects that he will market to over 1000 leading global investors when he attends the Global African Investment Summit in London on the 1st and 2nd of December.
Malawi24 understands that investors representing over $7 billion in capital have registered to attend the Summit that has been described by Secretary of State for Foreign and Commonwealth Affair, Philip Hammond, as “one of the largest and most prestigious investment summits in the world”.
Director of The Global African Investment Summit, Paul Sinclair said: “Two key factors driving the increase in investor interest in the 2015 Summit are, firstly, the opportunity to establish relationships, and directly engage with very senior government representatives and project developers in one joint forum. Secondly, economic factors – Africa registered 5% GDP in 2014, beating the global average by 1.5%, so the continent remains an attractive and important destination for investors”.
Mutharika will also touch on how his administration is creating a safe environment to stimulate sustainability and inclusive growth in Malawi in addition to engaging the investors as well as marketing the bankable projects and other areas for potential investment.
Mutharika will be joined by head of states from 9 other African countries at the summit which was inaugurated last year. The African leaders will travel to the event with Finance ministers, sector specific ministers and CEOs from state owned enterprises to address and hear from the global financial markets, project implementers, consultants and law firms about co-financing and executing their most pressing projects in agribusiness, natural resources, power and transport infrastructure.
The outcomes of the summit will present a chance for Malawi and Africa in general to use trade as an entry point for industrialisation, and play a modern role in the world.
“The Global African Investment Summit moves beyond the conventional discussion on the need for change in Africa and provides a business platform, offering African governments, and companies, the chance to showcase their investment projects to investors interested in long-term investment, in Africa” said Executive Secretary of the United Nations Economic Commission for Africa, Dr. Carlos Lopes.