Chakwera Touts UEA-Malawi Energy Investment Plan
President Lazarus Chakwera says the royal family of the United Arab Emirates (UAE) has expressed interest to invest in Malawi's energy sector which he hopes will help to address energy challenges in the country.
Chakwera said this at Kamuzu International Airport (KIA) in Lilongwe on arrival from the United States of America (USA) via Dubai in UAE where he held bilateral talks with Sheikh Mohammed Bin Zayed Al Nahyah, President of the United Arab Emirates where he said energy investment took center stage.
Said Chakwera, “I was glad to meet with the royal family in UEA and we discussed various issues to do with investment, and in the next two weeks they assured us that they want to be here to look at the situation. We were particularly concerned with the electricity blackout issue and fuel scarcity.”
Chakwera returned home yesterday after attending the UN General Assembly in New York and holding bilateral talks with the US government in Washington DC before making a stop in Dubai.
The President left the country amid a fuel shortage which saw long queues of motorists scrambling for fuel in pump stations.
The fuel scarcity has disrupted different economic activities including road construction projects.
While in the US, President Chakwera, among others, signed a $350 million (about K356 billion) Millennium Challenge Corporation (MCC) Compact 2 for road infrastructure development in Malawi.