By Patricia Kapulula, Mana
The day-long UK-Africa Investment Summit held Monday in London has set the pace on how African countries, including Malawi, can benefit from the United Kingdom’s expertise and innovation in technology, clean energy, infrastructure and finance.
Malaw, led by President Peter Mutharika, is among 21 African countries attending the summit.
The Malawi government has identified projects to be marketed to the UK through Malawi Investment Forum which will strengthen UK’s partnership with African nations to create jobs and boost mutual prosperity.
UK Prime Minister Boris Johnson inaugurated the summit promising to mobilise new, secure and substantial jobs, boost access to education, improve public services and shape the youth’s future by giving them opportunity.
Deals worth billions of pounds have been announced which will drive jobs and growth in the UK and Africa.
One of the deals is on the UK’s expertise and experience to help Africa transition towards renewable and sustainable forms of clean energy.
Minister of Local Government and Rural Development, Ben Phiri, after the opening of the summit, said countries such as Malawi needs sustainable energy to develop.
“If we are to develop, we need to identify areas that can bring investors and as such local councils need to venture into electricity generation projects,” he said.
He cited Thyolo District Council as one of the councils which has an energy project to generate 40 megawatts of electrical energy.
The summit has brought together businesses representatives, governments and international institutions to showcase and promote investment opportunities for Africa.—Mana