03/07/2015: PRESIDENT MUTHARIKA PROMISES SECURITY TO INVESTORS
President Professor Peter Mutharika has promised tight security to the investors.
President Mutharika made the remarks Tuesday at Kamuzu Palace in Lilongwe when he held an audience with the Overseas Private Investment Cooperation (OPIC) Vice President James Polan.
He said investors always worry about two things, security on fiscal, physical and the market.
“I will make sure that the investors are safe at home and in their businesses as well,” explained Mutharika.
In his remarks, Polan unveiled an arrangement to provide loan guarantees to Malawi's Small and Medium Enterprises (SMEs) willing to expand their ventures.
OPIC vice president said his institution has at the just ended Malawi Investment Forum (MIF) identified projects it would be financing details of which he said will be made available in due course.
“We have a very strong response in many areas particularly in the energy sector, agro-culture, agro-business, agricultural processing, and also we have a lot of small scale enterprises,” he said.
According to OPIC page on internet, it mobilizes private capital to help solve critical development challenges and in doing so, advocates U.S foreign policy.
OPIC works with U.S private sector, it helps U.S business gain footholds in emerging markets, catalyzing revenues, jobs and growth opportunities at home and abroad.
It achieves its mission by providing investors with financing guarantees, political risks insurance and support for private equity investment funds.