The office of Sheikh Ahmed Al-Qassimi has said that the Memorandum of Understanding with Malawi will help to foster development in the country.
According to a statement signed by Dr. Marcin Lapa, President of the Board Office of His Highness Sheikh Ahmed Al-Qassimi, the partnership was established after thorough discussions to identify the most critical challenges the country faces.
“Our close collaboration with the President’s Office, various ministries, and key stakeholders has allowed us to formulate a comprehensive strategy aimed at addressing the country’s most pressing needs. The tireless support from Hon. Coleen Zamba, Secretary to the President, has been instrumental in pushing these initiatives forward, while the team led by Dr.Marcin Lapa, President of the Office of Sheikh Ahmed, has played a crucial role in coordinating efforts to ensure seamless cooperation between the UAE and Malawi.
“Our work is focused on several strategic pillars, including energy, food security, and infrastructure development. We recognize that Malawi’s reliance on imported fuel and fertilizer. combined with its shortage of foreign currency, has created a volatile environment where the supply of essential commodities is inconsistent and costly. To alleviate these challenges, we have developed innovative solutions aimed at reducing costs, improving access to resources, and enhancing overall economic stability.
“One of the key initiatives we’ve introduced in Malawi is a unique commodity trading transaction, which stands out as a globally innovative approach to managing currency risks. The solution we’ve proposed addresses the country’s dependence on foreign currency by allowing trade in Malawi Kwacha, the local currency, rather than relying solely on USD.
“This model enables the government to secure critical commodities like fuel and fertilizer while reducing the financial strain caused by currency shortages. Through this solution, we have managed to reduce the costs of these vital commodities by up to 30% a significant step in enhancing Malawi’s economic resilience and ensuring a more stable supply chain for essential goods.
“In addition to our commodity trading solution, we have established a close working relationship with the National Oil Company of Malawi (NOCMA) to address the country’s fuel supply chain issues. The leadership of Mr. Clemens Kanyama, CEO of NOCMA, has been invaluable in facilitating our efforts to ensure that Malawi has access to the fuel it needs to support both social and economic activities. Our collaboration with NOCMA has laid the groundwork for a more reliable and cost-effective fuel supply, addressing one of Malawi’s most critical resource challenges.
“Our work in Malawi is further supported by a network of global investors, family offices, and leading technology companies. We have invited these partners to visit Malawi, explore its untapped potential, and form partnerships that will drive innovation and investment in key sectors. By leveraging these relationships, we are bringing the latest technologies and resources to bear on Malawi’s development challenges. Additionally, we have engaged major investment banks in London to facilitate strategic procurement, ensuring that the projects we undertake are implemented effectively and efficiently, with a focus on long-term sustainability.
“At the heart of these initiatives is the unwavering support of His Highness Sheikh Ahmed Al- Qassimi, whose vision for sustainable development has been the driving force behind our work. His Highness’s leadership is characterized by a deep commitment to fostering positive change in developing nations. His extensive experience in guiding international investment projects ensures that our work in Malawi is built on solid foundations, aligned with the country’s long-term goals, and capable of delivering meaningful impact for its people. As a respected member of the ruling family of the UAE, Sheikh Ahmed brings both credibility and resources that have been pivotal in advancing our mission.
“Our commitment to Malawi extends beyond business and economic development. We believe that education is the foundation of any nation’s future, which is why we have launched a significant charity program in the villages where we operate. This initiative is focused on providing access to primary and secondary education for children in underserved communities by building schools that will offer them the opportunity to learn and grow. By investing in education, we are not only contributing to the economic future of Malawi but also ensuring that the next generation is equipped with the tools they need to thrive in an increasingly globalized world,”reads the statement
