ADDRESS BY HIS EXCELLENCY PROF. ARTHUR PETER MUTHARIKA PRESIDENT OF THE REPUBLIC OF MALAWI AT THE 28TH MALAWI INTERNATIONAL TRADE FAIR ON 17TH MAY 2016 CHICHIRI TRADE FAIR GROUNDS
Malawi is a land of investment opportunities. And
we are at a turning point! The Malawi you see today is not the Malawi you will see in a few years to come. If you look at Malawi as you have known us, you will miss the business train. But look at the wheels we have set in motion, and listen to what we are doing, and you will see where we are going. As Robert F. Kennedy says, There are those who look at things the way they are, and ask why? I dream of things that never were, and ask why not? I dream of a Malawi that has never been before. Why not? But we need to be innovative! Ladies and Gentlemen The principle of survival in business, and in life, is simple. Innovation is the insurance for survival in a competitive business world. In life, either you adapt, or you perish! Be innovative, or perish! Africa needs innovation for us to walk in step with the world. We need to be innovative to move with the rising Africa. Innovation will enable us to take a lead in the regional and international integration. We need to be innovative for our businesses to 2
remain competitive and survive. So, your challenge
is: think innovation. As Malawi, we have agreed to be innovative and adapt to the times of this century. We know that we cannot achieve new results by doing the same things the same old way. As I speak to you now, Malawi is undergoing a silent economic paradigm shift. We are moving this country from aid to trade. We are diversifying the base of the economy from our single reliance on agricultural production to direct investment in multiple sectors. These include direct investment in agriculture itself and agro-processing, energy, mining, ICT, tourism, infrastructure and manufacturing. We have set the ground for direct investment in various sectors. Some of you say: we cannot see much of what is happening. Yes, we are changing a lot of laws and policies to create a befitting legislative environment. This legislative reframing is time consuming but we are pleased with the progress. We could not do in two years what we could not do in fifty years. But we are making historical progress. 3
Because we want to set the right foundations and
change Malawi forever, we have gone back to the basics. We want to address the fundamentals of economic growth which we overlooked for the last fifty (50) years. Let me give you one example. Energy has been the binding constraint against in fulfilling our full economic potential. Power shortage has been a problem that has haunted us for years. Now, we have taken aggressive steps to get the problem out of the way. We are splitting Electricity Supply Commission of Malawi (ESCOM); we are bringing in more independent power producers; and we are diversifying sources of energy supply. In fact, we anticipate generating surplus electricity once we are done. We needed to review the legislative framework and we are now bound to table a reviewed Electricity Bill in Parliament. Ladies and Gentlemen This Government is thinking business. We are dreaming business; because we are determined to do business with the world. We are determined to drive the private sector to the highest dream 4
because we want to create jobs for our people;
create new wealth for this country. We know that your prosperity is our prosperity. And my success in achieving the vision should be your success. We are partners in business, and partners in development! And so, let my vision be your vision; because I take your business needs as our political needs! It has taken innovation to initiate Public Sector Reforms. We need a business-minded public service that serves the public and private sectors efficiently. We are establishing the National Planning Commission which will generate sustainable and productive economic policies that are not confined to the short terms of political governments. In order to illustrate our highest political will, I have established a Ministerial Committee on Doing Business. We are thinking business. We have developed the Malawi Growth and Development Strategy to guide us. One of these strategies is the newly-launched Buy Malawi 5
Strategy (BMS). This strategy will empower
indigenous businesses and local investors. Soon, we will be launching Trade and Industrial Policies whose objective is to level the playing field for private sector in doing business. As I speak, Government is reviewing the Investment and Export Incentives Acts. At the same time, we are undertaking a Comprehensive Tax review, as well as reviewing Control of Goods Act. Let the business community remember that we are implementing the National Export Strategy to support our export diversification drive. I therefore challenge the Private Sector to do more value addition and maximize our export diversification. In this respect, I urge you to maximize your use of our structured markets. Maximize the Agriculture Commodities Exchange and Auction Holdings Commodity Exchange. We have the structures and systems in place. These will guarantee your access to better markets, better prices and obtaining loans from the banks through use of the warehouse receipt system. Distinguished Guests 6
We will stop at nothing until we have created a
better investment environment. Not long from now, Malawi will be one of the best business destinations. But there is one thing! Let me urge the local private sector to support Government policies that are meant for your own good. We want you to step forward grow winter more maize in a business partnership with Government. A hunger free Malawi is good for your business. If you have any doubts around any technical matters, speak to us, and we can do business. That said, I now declare the 28th International Trade Fair officially opened.
Speech by President Arthur Peter Mutharika During National Youth Conference at The Bingu International Conference Centre in Lilongwe On 22 January, 2016
Speech by President Arthur Peter Mutharika at The Signing Ceremony of Four Additional Performance Contracts With Ministries at Kamuzu Palace On 16 February 2016
Statement by President Arthur Peter Mutharika at The Inauguration of The 2015/16 National Forestry Season at Masasa Primary School in Ntcheu On 18 January 2016
Address by President Arthur Peter Mutharika, Commander-In-chief of The MDF During The Officer Cadets' Commissioning Parade at MAFCO, Salima On Friday, December 11, 2015
President Arthur Peter Mutharika's Presentation On "Malawi's Priorities and Partnerships: Diversification For Development" at The Chatham House, London, United Kingdom On 30th November, 2015
Statement by President Arthur Peter Mutharika at The Commissioning of The State of The Art High-Tech Manufacturing Facility For Mapeto (DWSM) Limited in Blantyre On 10th July, 2015
Statement by President Arthur Peter Mutharika at The Ground Breaking Ceremony of Lilongwe Old Airport - Kasiya - Santhe Road - Kabudula Trading Centre On 5th August 2015
Statement President Arthur Peter Mutharika at The Signing of The Treaty To Formally Establish The Malawi-Zambia Transfrontier Conservation Area (TFCA) at Sanjika Palace, 7th July, 2015
Statement by President Arthur Peter Mutharika at the Occasion of the Swearing-In of Hon. Justice Andrew K.C. Nyirenda, SC, JA as Chief Justice of Appeal in the Supreme Court of Appeal and High Court of Malawi
Statement by President Arthur Peter Mutharika at The Official Opening of The 27th Malawi International Trade Fair On 22 May 2015 - Chichiri Trade Fair Grounds, Blantyre
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