Minister of Natural Resources and Climate Change Michael Usi urges investors to invest in Malawi

By Burnett Munthali


Minister of Natural Resources and Climate Change Michael Usi has urged investors from India to invest in Malawi to help the country realise its economic goals and aspirations.

Speaking at the Malawi-India Business Dialogue held at Bingu International Convention Centre in Lilongwe, Usi said the two countries have so much to offer each other in terms of economic opportunities.

He said: “India has the technical expertise that can help Malawi address some challenges like deforestation. But we need those forests to generate finances from international carbon markets. We believe that India can help us in this and other areas of economic development.”

In January 2021, the government launched the Malawi 2063 Vision that aims to transform Malawi into a wealthy, self-reliant, industrialized upper-middle-income country, through a focus on agriculture commercialization, industrialization, and urbanization.

As the government seeks to address infrastructure needs, opportunities may open in the manufacturing, hospitality, and construction sectors. In the agricultural sector, agro-processing, storage, cleaning, and grading facilities and equipment represent areas for potential U.S. investment.

Economic growth opportunities available for India
The cost of living is low in India. This contributes to the availability of cheap labour for the industry as well as an opportunity to provide a better lifestyle to people with a significantly low investment. The population of India is also a boon for the country.

Indian tech professionals exhibit a diverse array of specialized IT skills that encompass various domains. From software development, data science, and cybersecurity to cloud computing, artificial intelligence, and blockchain, these experts have honed their capabilities to address complex challenges.

Forests cover around one-third of all land on Earth and breathe life into our world, but it’s not just the planet that suffers when they are destroyed.

They are important for people’s lives, homes and livelihoods and have a crucial role to play in tackling the biodiversity and climate crises.  

The loss of trees and other vegetation can cause climate change, desertification, soil erosion, fewer crops, flooding, increased greenhouse gases in the atmosphere, and a host of problems for Indigenous people. Deforestation occurs for a number of reasons.

There are many disadvantages, it will affect the water cycle, it will destroy the flora and fauna, it will lead to an increase in carbon dioxide, thereby increasing global warming. Cutting trees destroys the habitat of animals and birds, causes floods and fires, limits the supply of wood or timber.