During the UK-Africa Investment Summit, President Peter Mutharika landed an energy deal with JCM Power (JCM) provide solar solutions for rural areas.

Currently, JCM is working on the 60 megawatt Salima Solar Power, while another 20 megawatt project is pending.

The Private Infrastructure Development Group (PIDG), Chairperson, Andrew Bainbridge, said the deal will complement efforts to address power challenges in Malawi. Also confirmed at the summit, Malawi is soon expected to have a pharmaceutical manufacturing company that specialises in manufacturing high value products following discussions of a possible investment in the pharmaceutical industry.

£50 million will be invested to have specialised drugs such as antiretroviral medicines for HIV, malaria and cancer medicines produced in Malawi, according to Malawi-UK Business Group (MUKBG) patron Dr Mohan Kaul.