Political instability scares investors—APM

President Peter Mutharika has said a number of investors from Russia are willing to come and invest in the country but need assurance in terms of their safety following the political instability that has rocked the country since the May 21 elections.

Speaking, on Saturday, at Kamuzu International Airport in Lilongwe upon arrival from Russia where he went to attend the Russia-Africa Summit, Mutharika said he has held talks with a number of potential investors, but are scared of the political instability.

While investors are eyeing Malawi from Russia and Africa, the President said the current political instability was a major concern among the investors he engaged. He called on opposition political parties and civil society organisations (CSOs) to join hands in developing the country.

“Let’s forget what happened in the past, let’s get together, accept reality and rebuild this country. I am ready myself to work with anybody who wants to work with me,” he said.

Mutharika said Malawi has become a laughing stock, especially concerning violent acts that have been happening in the country, where public property is damaged.

The Russia-Africa summit, which centred on development and partnership between Russia and Africa, has been viewed by some skeptics as another ploy to invade Africa for purposes of domination. China and Japan also have similar platforms where they engage African state so is America and Europe.