By Taonga Sabola:
A latest global safety survey by the Global Finance Magazine has ranked Malawi on position 66 on the list of world’s safest economies.
The revelations come at a time impoverished Malawi has engaged an extra gear in attracting foreign direct investment by, among other things, modernising its energy infrastructure and coaxing investors through investment foras.
The survey gives Malawi a score of 10.33 points just below the United States which is on position 65 with a score of 10.30 points.
Compared with neighbours, Malawi is rated much safer than Tanzania and Mozambique at positions 79 and 95, respectively, while Zambia is ranked higher on position 52 with a score of 9.98 points.
Among other factors, the safety score considers war and peace, personal security and natural disaster risk. The safety score aggregates the indices from the three risks, thus presenting a comprehensive view of safety for each country.
Iceland tops the list of the world’s safest countries with a score of 6.16 points, followed by Switzerland at 7.01 points and Finland at 7.04 points.
Portugal, Austria, Norway, Qatar, Singapore, Denmark and New Zealand complete the top 10 rankings in the survey.
About 16 of the top 20 safest countries are located in Europe while only Qatar, Singapore, New Zealand and Canada rank in the top 20 without being in Europe.
“Economic development seems to low risk from [sic] military conflict or domestic crime. In essence, these two factors are more controllable than the risk from natural disaster, which is often a function of geography,” reads the report.
In his inauguration speech in Blantyre on Friday, President Peter Mutharika emphasised the need for Malawians to remain peaceful and unite towards building the country.
Malawi is ranked on position 111 out of 189 economies on the 2019 World Bank Doing Business Report which ranks countries on ease of doing business.
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