EXCLUSIVE: Invest Africa will be hosting a live interview with the newly elected President of Malawi, H.E. Lazarus Chakwera, this Thursday at 15:00. Shortly after the historic vote, President Chakwera talked of his ambition to bring the people of Malawi “shared prosperity, not just freedom”. In this interview he will update global investors and businesses on how his government plans to make this dream a reality by tackling issues around COVID-19, job creation and universal fertiliser subsidies for the country’s growing agricultural sector.
Register below and tune in on Thursday 27th August at 10:00 EST/15:00 BST/16:00 CAT.
Rob Hersov is a South African entrepreneur, senior executive and private investor based in Cape Town. He serves as Chairman of Invest Africa, Chairman of African Capital Investments, deputy Chairman of VistaJet, Chairman of Adoreum Partners, and Chairman of AON South Africa.
Rob has been focused on investing in Africa, a continent close to his heart given his South African upbringing and family ties. He has also made investments on the continent and has close relationships with businesses across Africa. In 2013, Rob saw an opportunity to create a platform for the growing number of individuals becoming involved in pan-African investments and founded Invest Africa. He also founded African Capital Investments to build an Africa-focused investment platform.
Paul Hinks is the Chairman of our affiliated company Invest Africa US as well as a board member and the Founder and Chief Executive Officer of Symbion Power, LLC. As the driving force behind Symbion, he has spent his life in the power industry where he has been responsible for the construction of power plants, transmission lines and substations. His career spans 30 years and in that period, he has worked in the USA, Africa, the Middle East and Asia.
In 2010, Symbion Power was awarded two large U.S. government-funded contracts building distribution lines and substations throughout Tanzania. The following year, Mr. Hinks successfully negotiated Symbion’s acquisition of a 120MW power plant in Dar es Salaam, thereby concluding Symbion’s first power asset acquisition. Today, the company is one of the United States’ largest owners of power assets in Africa with new investments in Rwanda, Kenya and Madagascar. Prior to joining Invest Africa, Paul spent four years as the Chairman of the Corporate Council on Africa.
President Chakwera has promised to govern by a set of five principles that he calls The Chakwera SUPER HI-5, which highlight the five policy foci that will be high on his gubernatorial agenda: Servant Leadership; Uniting Malawi; Prospering Together; Ending Corruption; Rule of Law. These priorities may be summed up as follows:
• SERVANT LEADERSHIP: A promise to restructure the Presidency and the Civil Service both practically and constitutionally to be defined by quality service and results, not power and privilege.
• UNITING MALAWI: A promise to unify Malawians by meeting the Opposition quarterly, facilitating the celebration of all tribes, and depoliticizing traditional Chieftaincies.
• PROSPERING TOGETHER: A promise to build infrastructure in all regions of Malawi, to create one million jobs for youth within a year, increase the minimum wage, waive income tax for everyone earning less than K100,000, provide capital to one million women to start their own businesses, reduce the cost of fertilizer to K4,495 to increase food production
• ENDING CORRUPTION: A promise tWo create special courts to deal with corruption, establish an anti-corruption office in each government department, toughen anti-corruption laws, and empower the Anti-Corruption Bureau with resources.
• RULE OF LAW: A promise to report to Parliament for questioning as required by law, a promise to resource law-enforcement agencies to enforce the law, and a promise to respect the judgments of the courts.
President Chakwera has made the case to the Malawian people that fulfilling these promises will be the best way of “Building A New Malawi Enjoyed by All” (Kumanga Malawi Watsopano Okomela Tonse).
This is a phrase he has used extensively as his rally campaign slogan, from whose last word was derived the name “Tonse Alliance,” the nine-party coalition he led to victory in the 2020 Fresh Presidential Elections to become the sixth President of the Republic of Malawi, making him the first opposition leader in the history of democracy to win a fresh presidential election against an incumbent following a judicial annulment of an election presumed won by the same.