President Arthur Peter Mutharika has asked Russia to take lead in making meaningful investments in African countries including Malawi and take them as development partners and not targets for exploitation.
Mutharika was speaking in Russia when he addressed a plenary session of the first ever Russia-Africa Summit.
He said Malawi and other African countries are endowed with rich natural resources such as minerals, lakes, rivers and mountains which form great investment potential.
“Time had come “for Russia to do what history has failed and set Africa on “new economic balance of scales and give African people the dignity they deserve,”Mutharika said
He further said countries such as Russia must look to Africa as a production point of the world.
Mutharika told the over 40 Heads of State and Governments and other business gurus that Malawi’s vision is to move from a consuming and importing nation, to a production and exporting country.
He therefore, invited Russian institutions to finance Malawi’s priority sectors to the benefit of both countries.
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