Addis Ababa — President Prof Peter Mutharika reveled this on Tuesday after holding bilateral talks with Ethiopian Prime Minister Hailemariam Desalegn in Addis Ababa, Ethiopia on the sidelines of 18th COMESA Heads of State and Governments Summit.
Mutharika said the Ethiopian Prime Minister highlighted the need of his country to have serious investments in Malawi to promote its existing tourism industry.
"As you know that Ethiopia is the best in Africa as far as tourism is concerned, they have promised to assist us on how best we can boost our tourism industry," said Mutharika.
He also said they agreed to formulate permanent joint ministerial committee so that their countries should meet regularly to discuss issues that may contribute to the development of the two countries.
Apart from the committed support in the tourism sector, the Ethiopian government vowed to help Malawi improve its airline.
Mutharika also said his discussion with the Ethiopian Prime Minister centred on sharing ideas in the infrastructure industry.
For instance, he said Addis Ababa (capital city of Ethiopia) was a small city but now it has grown to one of the biggest cities in Africa.
"We need to learn from them on how they managed to turn a small city to where it is now. For the past 20 years they have been independent financially and I hope as a nation we can learn few things from them," he said.
After the COMESA meeting, Mutharika took some time to visit Ethiopian Commodity Exchange, where he was briefed how Ethiopia Commodity Exchange works.
Mutharika said Malawi has learnt a lot from Ethiopia Commodity Exchange. He cited its unique partnership of market actors, the Members of the Exchange, and its main promoter, and the Government of Ethiopia.
Mutharika also said they learnt that it creates trust and transparency through aggressive market data dissemination to all market actors, through clearly defined rules of trading, warehousing, payments and delivery and business conduct, and through an internal dispute settlement mechanism.
"It also provides market integrity at three important levels the integrity of the product itself, the integrity of the transaction, and the integrity of the market actors," he said.
After the COMESA meeting, Mutharika took some time to visit Ethiopian Commodity Exchange, where he was briefed how it has
The Ethiopia Commodity Exchange is a new initiative for Ethiopia and the first of its kind in Africa.
Its vision is to revolutionize Ethiopia's tradition bound agriculture through creating a new marketplace that serves all market actors, from farmers to traders to processors to exporters to consumers.
Mutharika said Malawi has learnt a lot from Ethiopia Commodity Exchange. For instance, he said it is a unique partnership of market actors, the Members of the Exchange, and its main promoter, and the Government of Ethiopia.
Mutharika also said they learnt that it creates trust and transparency through aggressive market data dissemination to all market actors, through clearly defined rules of trading, warehousing, payments and delivery and business conduct, and through an internal dispute settlement mechanism.
"It also provides market integrity at three important levels: the integrity of the product itself, the integrity of the transaction, and the integrity of the market actors," he said. (Malawi News Agency)
Source: AllAfrica
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